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

Topics include the budget planning process including master budget preparation, budgeting standard costs and variance analysis, responsibility accounting, management by objectives and non-financial performance measurement, divisional performance, transfer pricing issues, program budgeting and other approaches, capital budgeting, strategic planning and control.

Objectives

The learning goals associated with this unit are to:

1. apply standard costing, budgeting and other selected management accounting techniques that enable managers to measure and control performance
2. analyse management accounting information in a wide range of decision contexts in both service and manufacturing industries
3. explain the behavioural implications of performance measurement systems
4. evaluate the role of management control systems in strategic decisions such as cost, supplier, customer and quality management
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with performance measurement and control issues.

Assessment

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

Prerequisites

Students must have passed AFW2020 or AFG2020 before undertaking this unit.

Prohibitions

AFC3131, AFF3431, AFW3021