AFX2391

Cost accounting

Mr Peter Carey

6 points
* 3 hours per week
* First, second semester
* Caulfield, Peninsula
* Prerequisite: AFX1121

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; inventory management, JIT, and backflush costing.

Assessment Tutorial: 10%
* Case study: 15%
* Mid-term test 25%
* Examination: 50%

Prescribed texts

Clarke B and Carey P J Cost accounting 3rd edn, 1996
Horngren C T and others Cost accounting 8th edn, Prentice-Hall, 1994