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
