Credit Points 10

Legacy Code 200116

Coordinator Rada Massingham Opens in new window

Description This subject replaced by ACCT 1010 Management Accounting Fundamentals from Trimester 2, 2022. This subject provides an introduction to management accounting in an e-commerce environment. The interrelations of management accounting to other functional areas, to suppliers, to customers, and to other sources of external information relevant to planning and control are examined. Topics include the development and logic of routine and non-routine analysis performed to support management decision making.

School Business

Discipline Banking, Finance and Related Fields, Not Elsewhere Classified.

Student Contribution Band HECS Band 4 10cp

Check your HECS Band contribution amount via the Fees page.

Level Undergraduate Level 1 subject

Pre-requisite(s) ACCT 1007

Learning Outcomes

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

1. Develop and describe costing techniques and their strengths and weaknesses;
2. Apply different decision models in the evaluation of product costing, product pricing and sales forecasting;
3. Prepare a master budget with all of the required supplementary schedules;
4. Assess what is relevant and irrelevant information in non-routine decision-making;
5. Explain ethical issues in management accounting;
6. Describe management accounting in an electronic environment;
7. Appraise basic concepts of control, and the behavioural impacts of control systems.

Subject Content

- introduction to management accounting
- Basic cost management concepts and cost behaviour
- cost volume profit analysis
- Product and service costing: job-order system
- Product and service costing: A process systems approach
- relevant decision making
- budgeting for planning and control
- Flexible budgeting, Standard costing and variance analysis
- Allocating costs of support departments and joint products