Monash University Handbook 2011 Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

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:

1. describe cost behaviour under different assumptions
2. compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions
3. apply conventional and contemporary cost management techniques used in manufacturing and service industries
4. explain the benefits and limitations of contemporary cost management techniques
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC2131.

Assessment

Within semester assessment: 40%
Examination (3 hours): 60%

Chief examiner(s)

Aldonio Ferreira

Contact hours

3 hours per week

Prerequisites

AFC1030

Prohibitions

AFC2130, AFF2391, AFG2020, AFW2020