Financial controllership
Mr Bill Richardson
6 points
* 3 hours per week
* First, second semester
*
Caulfield, Peninsula
* Prerequisite: ACC1110
* Prohibition: Bachelor of
Business (Accounting) students
Objectives On completion of this subject students should be able to understand the nature and role of costs in financial planning and decision making; prepare profit plans using cost-volume-profit analysis techniques; develop and analyse integrated master budgets from marketing and sales plans; use discounted cash flow techniques to evaluate strategic plans; understand the problems of managing working capital and liquidity; apply and interpret variances from standards used to control costs; understand the techniques used to evaluate divisional performance.
Synopsis Topics covered include cost classification, cost estimation, cost/volume/profit analysis, budgeting, capital budgeting, standards and variances, cost allocation, cost information and pricing decisions, decentralisation and transfer pricing, working capital management.
Assessment Tutorial: 10%
* Assignment: 20%
* Mid-semester test:
20%
* Examination (3 hours): 50%
Prescribed texts
Langfield-Smith K and others Managerial accounting: An Australian perspective, McGraw-Hill, 1995
| Published by Monash University, Clayton, Victoria
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