AFF5005

CPA Management accounting

Ms Annette Baines

6 points
* One 3-hour lecture per week, or equivalent
* Second semester
* Caulfield

Objectives On successful completion of this subject students should be able to list and describe objectives of management accounting activity; describe some of the major contemporary themes in management accounting and the changes to traditional management accounting which have been brought about by the modern business environment; discuss the importance of strategic management and strategic management accounting; analyse and evaluate long-term investment projects; describe cost measurement and management techniques; describe performance measurement and reward systems from a strategic management perspective.

Synopsis This subject provides an understanding of the accounting techniques available to and used by managers faced with planning, directing, controlling and decision-making activities in their organisations. Accounting information can be used to identify and analyse alternatives and to guide the manager to a course of action that will yield the greatest benefit to the firm. This course reviews and expands upon prior knowledge of management accounting techniques, to familiarise students with modern approaches to measuring and controlling costs, performance evaluation, efficient allocation of resources, profit maximisation and the pursuit of long range goals.

Assessment Examination: 100%

Prescribed texts

Australian Society of Certified Practising Accountants CPA management accounting subject manual latest edn