AFF2391 - Cost information for decision making
6 points, SCA Band 2, 0.125 EFTSL
Offered
Caulfield First semester 2007 (Day)
Caulfield First semester 2007 (Evening)
Caulfield Second semester 2007 (Day)
Synopsis
Cost system design; job and process costing; cost allocation and joint costs; ABC; cost management; inventory management, JIT, and backflush costing.
Objectives
The learning objectives of this unit are to:
- describe cost behaviour under different assumptions;
- compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions;
- apply conventional and contemporary cost management techniques used in manufacturing and service industries;
- explain the benefits and limitations of contemporary cost management techniques;
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making.
Assessment
Tutorial: 10%
Case study: 20%
Mid-term test 20%
Examination (3 hours): 50%
Contact hours
3 hours per week
Prerequisites
AFF1121