AFF9050

Business and financial control systems

Mr Denis Fettes

6 points
* 39 hours per semester
* First, second, summer semester
* Caulfield, in-house

Objectives On completion of this subject students should be able to use a range of accounting techniques to evaluate the financial implications of business actions and strategies; converse with accountants using the language of accounting.

Synopsis Seminars will cover financial accounting methodology; preparation, analysis and interpretation of financial reports; cost of capital and target profit planning; cost behaviour and cost-volume-profit analysis; budgeting; working capital marketing; capital expenditure analysis; standard costing, flexible budgets and variance analysis; control of profit and investment centres.

Assessment Written (3000- 4000 words): 30%
* Semester test: 30%
* Examination (3 hours): 40%

Prescribed texts

Garrison R H and Noreen E W Managerial accounting Irwin, 1997