Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should understand how a variety of costing systems are designed and implemented in manufacturing, merchandising and service industries; appreciate the differences and conflicts between financial accounting and management accounting information systems; demonstrate the flow of costs through inventory, payroll and overhead accounts into the profit and loss statement; professional ethics and environmental issues as they relate to the accountant's leadership role in business and government; the role of costing systems in supporting just-in-time (JIT), the theory of constraints (TOC) and total quality management (TQM) systems.
Synopsis Cost system design; job and process; standard costing and learning curves; quality costs and environmental issues; cost allocation and joint costs; ABC and ABM; cost management and technical performance measures; JIT, inventory management. and backflush costing.
Assessment Tutorial: 10% + Case study: 15% + Examination: 75%