Offered

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

Synopsis

Introduction to management accounting; budgets and budgetary control; costing for decision making; cost-volume-profit analysis; standard costing and variance analysis; income effects of alternative costing methods; cost management; decentralisation, performance evaluation and transfer pricing.

Objectives

The learning goals associated with this unit are to:

• apply standard costing, budgeting and other selected management accounting techniques that enable managers to measure and control performance
• analyse management accounting information in a wide range of decision contexts in both service and manufacturing industries
• explain the behavioural implications of performance measurement systems
• apply critical thinking and, problem solving skills to individual and /or group activities dealing with performance measurement and control issues.

Assessment

Within semester assessment: 20%
Examination (3 hours): 80%

Contact hours

3 hours per week

Prerequisites

AFF2391

Prohibitions

AFC3131 and AFW3021