AFG2020

Accounting for management information

Mr Kevin Sharp and Mr Richard Hartshorn

6 points · One 1-hour lecture and one 2-hour tutorial · Distance, approximately 12 hours per week · First and second semester · Prerequisite: AFG1002

Objectives Building on studies in first year accounting, students will develop understanding of issues and techniques relevant to determining the costs of products and services. Traditional and modern cost accounting techniques will be explored and students will be exposed to the techniques which have emerged through advances in information technology. Students will extend their skills in the use of spreadsheets and general ledger accounting software packages.

Synopsis Introduction to management accounting and business management. Basic terms and concepts. Classification and behaviour of costs. Recording product cost transactions for manufacturing firms using periodic and continuous systems. Provide an overview of the procedures involved in cost accounting systems analysis and design. Joint and by product spoilage and waste. Apportioning joint costs for multiple products. Activity based costing. Materials and inventory management using traditional and JIT methods. Quality costing and quality issues as organisational strategies.

Assessment Assignment: 30% · Examination: 70%

Prescribed texts

Horngren C T and others (eds) Cost accounting 9th edn, Prentice-Hall 1997
Horngren C T and others Cost accounting: Student solution manual 9th edn, Prentice-Hall, 1997

Back to the 1999 Business and Economics Handbook