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
OfferedCaulfield MBA Teaching Period 1 2014 (On-campus block of classes)
Coordinator(s)Mr Robert Cornick


This unit examines the structures, processes, content and interface between financial and management accounting, which assists organisations in planning, decision making and control to create sustainable economic, social and environmental value. The financial accounting component is concerned with the information requirements of external users such as owners, lenders, regulatory authorities and potential investors. Herein the focus concerns the measurement of performance, valuation of assets and liabilities, and determination of the financial strength and 'health' of the organisation. The management accounting component is concerned with the information needs of internal users at various levels of responsibility and with varying functional responsibilities. Herein the focus concerns issues such as the nature and behaviour of costs, budgets and budgetary control, and measuring and managing performance so as to enhance organisational competitiveness.


The learning goals associated with this unit are to:

  1. analyse and apply the theory and techniques of financial and management accounting practices to different organisational scenarios
  2. examine, interpret and communicate accounting information to users for use in planning, decision making and control
  3. develop capabilities that assist organisations in creating sustainable economic, social and environmental value.


Within semester assessment: 50%
Examination: 50%

Chief examiner(s)

Workload requirements

3 hours per week


Students must be enrolled in 0028, 3184, 3185, 3189, 3190, 3196, 3198, 3839 or 3849 to undertake this unit.


MBA5904, MBA9004, GSB9004, ACF5950, AFX9500, ACF5955, AFX9550, ACF5903, AFX9003