Engineering accounting A
B Clarke
4 points * 24 lecture hours, 12 tutorial and computing laboratory hours * Second semester * Caulfield
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 costing systems.
Assessment Examination (3 hours): 60% * Assignments: 40%
Prescribed texts
Clarke B Cost accounting 2nd edn, Smart Centre, Monash U, 1994
Horngren C, Foster G and Datar S Cost accounting 8th edn, Prentice-Hall, 1994
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