ACW2020 - Cost information for decision making - 2017

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

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

Faculty

Business and Economics

Organisational Unit

Department of Accounting

Not offered in 2017

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 ACW2020.

Assessment

Within semester assessment: 40% + Examination: 60%

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)

Prerequisites

Students must have passed one of the following units: ACW1100, ACW1002 or AFW1002 before undertaking this unit.

Prohibitions

ACC2131, AFC2131, ACF2391, AFF2391, ACB2020, ACG2020, AFG2020, AFW2020, AFS2770, ACC2200, ACF2200