Monash University Handbook 2010 Undergraduate - Unit

Synopsis

Theory and background to managerial decision making in respect of the following different types decision making techniques: cost volume profit 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, budgeting techniques, cost estimation and behaviour and linear programming.

Objectives

The learning goals associated with this unit are to:

1. explain and discuss the role that management accounting information plays in organisations
2. explain and apply advanced quantification techniques to provide information for management decision-making and give advice
3. demonstrate proficiency in applying the instruments, techniques and procedures covered to theoretical and practical applications interpret the results and advice accordingly
4. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with management information and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFW3750.

Assessment

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

Chief examiner(s)

Magda Odendaal

Contact hours

One 2-hour lecture and one 1-hour tutorial per week

Prerequisites

AFW2020