AFW2020 - Cost information for decision making
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Berwick First semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
South Africa First semester 2009 (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 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: 30%
Examination (3 hours): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week