AFC2131 - Cost information for decision making

Offered

Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)

Synopsis

This is the introductory management accounting unit that focuses on the types of cost information that can be produced to assist managers and other employees within organisations in planning and control, and in decision making. The topics include the following: costs and cost behaviour, product costing (including activity-based costing), cost allocation techniques, cost-volume-profit analysis, and the use of cost information for management decisions.

Objectives

The learning goals associated with 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: 40%
Examination (3 hours): 60%

Prerequisites

AFC1030

Prohibitions

AFC2130, AFF2391, AFW2020