Undergraduate - UnitACS2770 - Cost and management accounting A

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

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Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Accounting
Offered	South Africa First semester 2014 (Day)

Synopsis

This unit is an introduction to cost and management accounting. Topics include basic terms and concepts, classification and behaviour of costs, recording product cost transactions for manufacturing firms, process costing, overhead costs, cost-volume-profit analysis, standard costing, spoilage and waste, apportioning joint costs for multiple products, activity-based costing, pricing and product mix decisions, risk and uncertainty and information for management decisions.

Outcomes

The learning goals associated with this unit are to:

describe cost behaviour under different assumptions
compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions
apply conventional and contemporary cost management techniques used in manufacturing and service industries
explain the benefits and limitations of contemporary cost management techniques
identify aspects broader than only financial aspects (such as environmental, social, economic and governance) in decision making
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 ACS2770.