Faculty of Business and Economics

Monash University

Postgraduate - Unit

This unit entry is for students who completed this unit in 2014 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.

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6 points, SCA Band 3, 0.125 EFTSL

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

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting
OfferedCaulfield First semester 2014 (Day)
Caulfield Second semester 2014 (Day)
Caulfield Second semester 2014 (Evening)


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.


The learning goals associated with this unit are to:

  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
  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 ACF5955.


Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Workload requirements

Minimum total expected workload equals 144 hours per semester.


AFX9500 or ACX5950


AFF9611, AFG9072, ACG5972, AFX5611, AFX9550