AFX2391

Cost accounting

Mr Brian Clarke

6 points · 3 hours per week · First, second semester · Caulfield, Peninsula · Prerequisite: AFX1121

Objectives On completion of this subject students should 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; professional ethics and environmental issues as they relate to the accountant's leadership role in business and government; the role of costing systems in supporting the just-in-time (JIT) system.

Synopsis Cost system design; job and process costing; cost allocation and joint costs; ABC; cost management; inventory management, JIT, and backflush costing.

Assessment Tutorial: 10% · Case study: 15% · Mid-term test 25% · Examination: 50%

Prescribed texts

Clarke B and Carey P J Cost accounting 4th edn, 1996
Horngren C T and others Cost accounting 9th edn, Prentice-Hall, 1997

Back to the 1999 Business and Economics Handbook