Accounting for management information
Ms Suzanne Harrold
6 points
* One 1-hour lecture and one 2-hour tutorial
* Distance:
approximately 12 hours per week
* First, second semester
*
Prerequisite: GBU1002
Objectives Building on studies in first year accounting, students will develop understanding of issues and techniques relevant to determining the costs of products and services. Traditional and modern cost accounting techniques will be explored and students will be exposed to the techniques which have emerged through advances in information technology. Students will extend their skills in the use of spreadsheets and general ledger accounting software packages.
Synopsis Introduction to management accounting and business management. Basic terms and concepts. Classification and behaviour of costs. Recording product cost transactions for manufacturing firms using periodic and continuous systems. Provide an overview of the procedures involved in cost accounting systems analysis and design. Joint and by product spoilage and waste. Apportioning joint costs for multiple products. Activity based costing. Materials and inventory management using traditional and JIT methods. Quality costing and quality issues as organisational strategies.
Assessment (on campus) Assignment: 18%
* Two class tests: 8%
* Interview: 4%
* Examination: 70%
Prescribed texts
Horngren C T and others (eds) Cost accounting 8th edn, Prentice-Hall 1994
Horngren C T and others Cost accounting: Student solution manual 8th edn, Prentice-Hall, 1994
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