Offered

South Africa Second semester 2008 (Day)

Synopsis

Theory and background to managerial decision making in respect of the following different types decision making techniques: Cost profit volume analysis, Linear correlation and regression analysis, Learning curve theory, Relevance approach to non-routine profit related decisions, Decision making under circumstances of risk and uncertainty, Cost planning of network projects, Inventory models, Standard costing, Activity based costing, Budgeting techniques, Just in time.

Objectives

The learning objectives of this unit are to:

• explain and discuss the role that management accounting information plays in organizations;
• explain and apply advanced quantification techniques to provide information for management decision-making;
• demonstrate proficiency in applying the instruments, techniques and procedures covered to theoretical and practical applications;
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with management information.

Assessment

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

Contact hours

One 2-hour lecture and one 1-hour tutorial.

Prerequisites

AFW2020

Prohibitions

AFW3007