AFW2020

Accounting for management information

(BUS)

6 points + First semester + 1-hour lecture and 2-hour tutorial + Prerequisites: AFW1022 and AFW1032

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: (on campus) Assignment: 18% + Two class tests: 8% + Interview: 4% + Examination: 70%