Aims & Objectives:

• Develop and evaluate costing systems
• Distinguish cost behaviours
• Evaluate planning and control systems
• Apply management accounting in decision making
• Communicate accounting information to accountants and non-accountants
• Work collaboratively on a group assignment

Teaching Methods:

Assessment:

Test 20%; Tutorial work 10%; Assignment 20%; Exam 50%. Hurdle pass rate of 45% on exam.

Generic Skills Outcomes:

• Capable in their chosen professional, vocational or study areas
• Entrepreneurial in contributing to innovation and development within their business, workplace or community
• Effective and ethical in work and community situations
• Adaptable and able to manage change
• Aware of local and international environments in which they will be contributing (eg socio-cultural, economic, natural)

Content:

• The role and value of management accounting
• The Value Chain
• Cost Concepts and Classification
• Product and Service Costing Systems and issues
• Accounting for Indirect Costs
• Activity Based Costing
• Budgeting
• Standard Costing
• Cost Volume Profit analysis
• Pricing
• Relevant Costing

Reading Materials:

There are several suitable texts available. A suitable new edition of a text will be chosen and recommended when the unit is about to be delivered.

Recommended Reading:

The extant theory in this area is vast. Students will be advised of appropriate recent relevant reading when the unit is offered. This would be updated each semester.