IND3722

Engineering accounting A

B Clarke

4 points
* 24 lecture hours and 12 tutorial and computing laboratory hours
* First 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