AFW2021

Budgeting and management techniques

(BUS)

Berwick, Gippsland: Mr Brian Conheady (Chief examiner); Peninsula: Mr Erwin Waldmann; Malaysia: Mr Salleh Hassan; South Africa: To be advised

6 points + 3 class hours per week + OCDL, approximately 12 hours per week, first and second semester + Malaysia, first and second semester + Berwick, Gippsland, Peninsula, South Africa, second semester + Prerequisite: AFW2020 or equivalent

Synopsis: Cost/volume/profit analysis. Relevant costs for special decisions. The budget planning process including master budget preparation. Budgeting standard costs and variance analysis. Responsibility accounting. Management by objectives and non-financial performance measurement. Divisional performance. Transfer pricing issues. Program budgeting and other approaches. Capital budgeting. Strategic planning and control.

Assessment: Assignments and projects: 30% + Examination: 70%