Offered

Gippsland Second semester 2008 (Off-campus)

Synopsis

Topics include concepts of cost, basic product costing systems, cost allocation and activity-based costing, cost behaviour and breakeven analysis, relevant costs for decision making, budgeting management, capital budgeting techniques, and organisation control and transfer pricing. Discussions are expanded to some current management accounting issues, such as methods to stay competitive, compensation plans, and Management Accounting Control System design in changing environment.

Objectives

The learning goals associated with this unit are to:

• develop an understanding of the nature of cost accounting and accounting for product and service costs to enable the provision of relevant and timely information for decision making and resource management
• apply practical skills to apply theoretical cost accounting systems to practical examples for manufacturing, merchandising and service industries
• develop analytical thinking and communication skills for providing decision making information to assist management
• develop an understanding of the concepts and techniques involved in capital investment decisions
• consider and examine developments in the area of management accounting including the impact of information technology.

Assessment

Within semester assessment: 30%
Examination: 70%

Prerequisites

AFG9071