AFX9550 - Management accounting

Offered

Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Caulfield Second semester 2009 (Evening)

Synopsis

This unit aims to develop a student's understanding of the concepts and techniques of management accounting, and his/her skills in the use of management accounting techniques to communicate decision-useful information to management. The unit content includes costing terminology, cost classification, cost accumulation and recording systems, job and process costing, activity-based costing, inventory costing, cost-volume-profit analysis, information for decision making, pricing and product mix decisions, budgets and budgetary control, standard costing and variance analysis, traditional measures of performance, contemporary approaches to measuring and managing performance, decentralisation and inter-divisional transfer pricing. Seminars, lectures and tutorials are used (as appropriate) to guide participants towards proficiency in management and cost accounting principles and techniques.

Objectives

The learning goals associated with this unit are to:

• identify and describe management accounting principles, techniques applicable to a wide range of situations in both service and manufacturing industries, and recent developments in management accounting in relation to the provision of management information
• describe and apply the operation of cost classification and recording systems, job costing and process costing techniques, standard costing techniques, perform variance analysis using flexible budgets, costing and pricing goods and services, and activity-based costing techniques
• design budgets and explain the behavioural aspects of different budgeting styles
• examine cost-volume-profit analyses, divisional performance evaluation measures and the role of inter-divisional transfer pricing
• demonstrate the capacity to work productively in a team to research a relevant topic and demonstrate a high level of communication skills to write an academic paper.

Assessment

Within semester assessment: 20%
Examination (3 hours): 80%

Contact hours

3 hours per week

Prerequisites

AFX9500

Prohibitions

AFF9611, AFG9072, AFX5611