Management accounting
Dr Kim Langfield-Smith
6 points * Two 1-hour lectures and one 1-hour tutorial * Second semester * Clayton * Prerequisites: AAF1021/2 and AAF1031/2 (pass division I)
Objectives On completion of this subject students should understand the role that management accounting plays in providing information for management decisions, and for planning and control; be able to identify, use and interpret the results of costing techniques appropriate to different organisational activities and decisions; be able to formulate and use standards and budgets for planning and control; have developed an understanding of the role of responsibility accounting and performance measurement within organisations; understand the behavioural implications of performance measurement and transfer pricing systems used in divisionalised businesses; appreciate the need to relate management accounting systems to contemporary thinking about organisational planning and control.
Synopsis This subject introduces the student to basic costing and management accounting techniques. The emphasis is on understanding the types of management accounting information that can be produced to assist managers and other employees within organisations in planning and control, and in decision making.
Assessment Examinations (3 hours): 75% * Test: 25%
Prescribed texts
Langfield-Smith K and others Management accounting McGraw-Hill, 1995