Credit Points 10

Legacy Code 200494

Coordinator Mamun Billah Opens in new window

Description The fundamental purpose of any management accounting system in an organisation is to provide appropriate information for (i) costing of products and services; (ii) support functions such as planning, controlling, evaluation, continuous improvement and decision making; and (iii) competitive support. This provides financial and non-financial services to the management team to enhance an organisation’s competitiveness. The subject is designed to provide an understanding of these areas of information through applying concepts, theories and models in a range of individual and collaborative activities.

School Business

Discipline Accounting

Student Contribution Band HECS Band 4 10cp

Level Postgraduate Coursework Level 7 subject

Co-requisite(s) ACCT 7018

Restrictions

Students wishing to enrol in this subject as an elective must seek approval of an Academic program Advisor (Accounting) and be enrolled in a postgraduate Business program.

Learning Outcomes

On successful completion of this subject, students should be able to:

1. Apply a range of costing analyses and techniques for reporting purposes.
2. Evaluate professional or enterprise practice in relation to culture and diversity in management accounting contexts (including first peoples/global) to make recommendations, including contingencies, alternatives and future implication.
3. Critically analyse quality cost information and its uses. 
4. Apply management accounting information to evaluate organisational strategy.
5. Recommend appropriate economic, environmental, and social costs and benefits for organisational sustainability reporting. 
6. Prepare forecasts and budgets for planning, control and reporting.

Subject Content

1. Basic cost concepts.
2. Statistics for management accounting incorporating simple linear regression and correlation.
3. Job order and process costing.
4. Support department cost allocations.
5. Activity-based costing.
6. Standard costing.
7. Budgeting.
8. Cost volume profit analysis and tactical decision making.
9. Responsibility accounting and performance evaluation in a decentralised firm.
10. Inventory management.
11. Balanced Scorecard.
12. Environmental cost management and Sustainability Reporting.