Monash University Handbook 2011 Postgraduate - Unit

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

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, 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. Seminars are used to guide participants towards proficiency in management and cost accounting principles and techniques.

Objectives

Our graduates will:

1. apply management accounting principles and techniques to service and manufacturing industry cases
2. compare, contrast and demonstrate various costing models
3. design budgets and explain the behavioural aspects of different budgeting styles
4. examine cost-volume-profit analyses, divisional performance evaluation measures and;
5. develop capabilities to work effectively in a group; and/or demonstrate effective individual research skills to solve management accounting problems and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFX9550.

Assessment

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

Chief examiner(s)

Anna Stamatelatos

Contact hours

3 hours per week

Prerequisites

AFX9500

Prohibitions

AFF9611, AFG9072, AFX5611