Cost accounting
Mr Brian Clarke
6 points * 3 hours per week * First, second semester * Caulfield, Peninsula * Prerequisite: ACC1121
Objectives On completion of this subject students should be able to understand how a variety of costing systems are designed and implemented in manufacturing, merchandising and service industries; appreciate the differences and conflicts between Financial Accounting and Management Accounting information systems; demonstrate the flow of costs through inventory, payroll and overhead accounts into the Profit and Loss Statement; gain an understanding of Professional Ethics and Environmental Issues as they relate to the accountant's leadership role in business and government; to understand the role of costing systems in supporting Just-In-Time (JIT), the Theory of Constraints (TOC) and Total Quality Management (TQM) Systems.
Synopsis Cost system design; job, process and operation costing; standard costing and learning curves; quality costs and environmental issues; cost allocation, joint costs and ABC; cost management, technical performance measures; JIT and TDC.
Assessment Tutorial: 10% * Case study: 15% * Examinations: 75%
Prescribed texts
Clarke B and others Cost Accounting 2nd edn, SMART Centre, 1994
Hertgen L Cost Accounting 2nd edn, South West, 1993