MONASH UNIVERSITY FACULTY HANDBOOKS

Engineering Handbook 1996

Authorised by Academic Registrar, April 1996

IND3722

Engineering accounting A

B Clarke

Objectives Students should understand the information content of financial statements; the commonly used product costing systems and their limitations; the fundamental importance of costing and budgeting information in management decision making; the specialised vocabulary of the management accounting profession.

Synopsis The subject is an introduction to financial planning and control; the structure and content of financial statements; analysis of financial statements; accounting and costing terminology; costing systems; modern cost management techniques; budgeting and flexible budgets; standard and normal costing systems.

Assessment Examination (3 hours): 60% + Assignments: 40%

Prescribed texts

• Burch J G Cost and management accounting West, 1994
• Clarke B Cost accounting 2nd edn, Smart Centre, Monash U, 1994