Offered

Caulfield First semester 2008 (Day)
Caulfield First semester 2008 (Evening)
Caulfield Second semester 2008 (Day)

Synopsis

This aim of this unit to develop a student's understanding of concepts of cost accounting. It is the introductory management accounting unit that focuses on the types of cost information that can be produced to assist managers and other employees within organisations in planning and control, and in decision making. The unit topics include the following: costs and cost behaviour, product costing (including activity-based costing) for manufacturing and service firms, cost allocation techniques, cost-volume-profit analysis, and the use of cost information for management decisions.

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

Within semester assessment: 50%
Examination (3 hours): 50%

Contact hours

3 hours per week

Prerequisites

AFF1121

Prohibitions

AFC2130, AFC2131, AFW2020