Offered

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

Synopsis

Topics include the budget planning process including master budget preparation, budgeting standard costs and variance analysis, responsibility accounting, management by objectives and non-financial performance measurement, divisional performance, transfer pricing issues, program budgeting and other approaches, capital budgeting, strategic planning and control.

Objectives

The learning objectives of 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, problem solving and presentation skills to individual and/or group activities dealing with performance measurement and control issues.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Contact hours

3 class hours per week

Prerequisites

AFW2020 or equivalent

Prohibitions

AFC3131, AFF3431