Cost accounting
Mr Brian Clarke
6 points
* 3 hours per week
* First, second semester
*
Caulfield, Peninsula
* Prerequisite: ACC1121
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 the just-in-time (JIT) system.
Synopsis Cost system design; job and process costing; cost allocation and joint costs; ABC; cost management and technical performance measures; inventory management, JIT, and backflush costing.
Assessment Tutorial: 10%
* Case study: 15%
* Mid-term test 25%
* Examination: 50%
Prescribed texts
Clarke B and others Cost accounting 2nd edn, SMART Centre, 1994
Horngren C T and others Cost accounting 8th edn, Prentice-Hall, 1994
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