Faculty of Business and Economics

Undergraduate - Unit

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

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FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting and Finance
OfferedCaulfield First semester 2013 (Day)
Caulfield Second semester 2013 (Day)


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.


The learning goals associated with this unit are to:

  1. apply critical inquiry, problem solving and teamwork skills to individual and group tasks dealing with cost information for decision making;
  2. analyse the behaviour of costs and classify them dependent on the context and purpose of related decisions;
  3. design and use conventional job costing, process costing and operation costing systems to calculate product costs dependent on the business context;
  4. design and use contemporary (activity-based) costing systems to calculate product costs;
  5. analyse and use costs relevant to tactical decision making and cost volume profit analysis
  6. 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 AFF2391.


Within semester assessment: 40%
Examination: 60%

Chief examiner(s)

Contact hours

3 hours per week



AFC2130, AFC2131, AFG2020, AFW2020