units

AFW2020

Faculty of Business and Economics

18 September 2017 26 April 2024
Monash University

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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LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting and Finance
OfferedBerwick First semester 2013 (Day)
Sunway First semester 2013 (Day)
Peninsula First semester 2013 (Day)
South Africa First semester 2013 (Day)
Sunway Second semester 2013 (Day)

Synopsis

Introduction to management accounting. Topics include: basic terms and concepts, classification and behaviour of costs, recording product cost transactions for manufacturing firms, joint and by-product spoilage and waste, apportioning joint costs for multiple products, activity-based costing and information for management decisions.

Outcomes

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 individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by AFW2020.

Assessment

Within semester assessment: 40%
Examination: 60%

Chief examiner(s)

Dr Ruvendra Nandan (First semester)
Ms Aniza Zainol (Second semester)

Contact hours

3 hours per week

Prerequisites

Students must have passed AFG1000 or AFW1002 before undertaking this unit.

Prohibitions

AFC2131, AFF2391, AFG2020