Offered

Berwick First semester 2008 (Day)
Gippsland First semester 2008 (Day)
Gippsland First semester 2008 (Off-campus)
Gippsland Second semester 2008 (Off-campus)
Sunway First semester 2008 (Day)
Sunway Second semester 2008 (Day)
Singapore First semester 2008 (Off-campus)
Peninsula First semester 2008 (Day)
South Africa First semester 2008 (Day)

Synopsis

Introduction to management accounting. Topics include: basic terms and concepts, classification and behaviour of costs, recording product cost transactions for manufacturing firms, joint and by-product spoilage and waste, apportioning joint costs for multiple products, activity-based costing and 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: 30%
Examination (3 hours): 70%

Contact hours

2-hour lecture and 1-hour tutorial

Prerequisites

AFW1002

Prohibitions

AFC2131, AFF2391