FINC 1001 Management Accounting Fundamentals

Credit Points 10

Legacy Code 200116

Coordinator Rada Massingham Opens in new window

Description This unit 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

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

Assessment

The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.

Item Length Percent Threshold Individual/Group Task
Practical and self-assessment Weekly 15 Y Individual
Professional Task - Part 1: Group / Part 2: Individual 1,000 words 15 N Group
Intra-session Exam 1.5 hours 20 N Individual
Final Exam 2 hours 50 Y Individual

Prescribed Texts

  • Garrison, R 2020, Managerial accounting, 17th edn, McGraw-Hill Education, New York, ISBN 9781260575682

Teaching Periods

2022 Semester 1

Online

Online

Subject Contact Rada Massingham Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

View timetable Opens in new window

Parramatta City - Macquarie St

Day

Subject Contact Rada Massingham Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

View timetable Opens in new window

2022 Trimester 1

Wsu Online

Online

Subject Contact Matthew Kelly Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

View timetable Opens in new window

Sydney City

Day

Subject Contact Neelam Goela Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

View timetable Opens in new window

2022 Trimester 2

Sydney City

Day

Subject Contact Neelam Goela Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

View timetable Opens in new window

2022 Semester 2

Bankstown

Evening

Subject Contact Abm Billah Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

View timetable Opens in new window

Campbelltown

Day

Subject Contact Abm Billah Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

View timetable Opens in new window

Online

Online

Subject Contact Rada Massingham Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

View timetable Opens in new window

Parramatta City - Macquarie St

Evening

Subject Contact Abm Billah Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

View timetable Opens in new window

Day

Subject Contact Abm Billah Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

View timetable Opens in new window

2022 Trimester 3

Wsu Online

Online

Subject Contact Matthew Kelly Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

View timetable Opens in new window

Sydney City

Day

Subject Contact Neelam Goela Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

View timetable Opens in new window