Credit Points 10

Coordinator Rada Massingham Opens in new window

Description This subject provides an introduction to management accounting in an e-commerce environment. Students examine 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. Through a range of activities, students learn the development and logic of routine and non-routine analysis performed to support management decision making.

School Business

Discipline Accounting

Student Contribution Band HECS Band 4 10cp

Check your fees via the Fees page.

Level Undergraduate Level 1 subject

Pre-requisite(s) ACCT 1007

Equivalent Subjects FINC 1001

Learning Outcomes

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

1. Develop costing techniques outlining 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

1. Introduction to management accounting
2. Basic cost management concepts and cost behaviour
3. Cost volume profit analysis
4. Product and service costing: job-order system
5. Product and service costing: A process systems approach
6. Relevant decision making
7. Budgeting for planning and control
8. Flexible budgeting, Standard costing and variance analysis
9. Allocating costs of support departments and joint products