AFB2020

Accounting for management information

(BUS)

Mr Kevin Sharp

6 points + 1-hour lecture and 2-hour tutorial per week + Second semester + Berwick + Prerequisite: AFB1002

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. 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 strategics.

Assessment: Assignments: 30% + Examination: 70%