Faculty of Business and Economics

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This unit entry is for students who completed this unit in 2016 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.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate - Unit

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


Business and Economics

Organisational Unit

MBA Program


Associate Professor Michaela Rankin



  • MBA Teaching Period 3 2016 (On-campus block of classes)


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%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)


Students must be enrolled in 0028 to undertake this unit.


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