Managerial Accounting

Unit Code:HBC611

Credit Points	Duration	Contact Hours	Campus	Prerequisite	Corequisite
12.5 Credit Points	6 Weeks (block mode) or 12 Weeks (semester)	36 hours of contact in weekly or block mode	Hawthorn	Nil	HBC606 Accounting Principles and HBC607 Accounting Information Systems

Credit Points

Duration

Contact Hours

Campus

Prerequisite

Corequisite

12.5 Credit Points

6 Weeks (block mode) or 12 Weeks (semester)

36 hours of contact in weekly or block mode

Hawthorn

Nil

HBC606 Accounting Principles and HBC607 Accounting Information Systems

Related Course/s:

A unit of study in the Master of Professional Accounting, Master of Practising Accounting and the Master of Professional Accounting Global Leadership Program.

Aims & Objectives:

This unit is designed to provide students with skills and practice that are critical to building their planning, decision making and performance evaluation capability to assist managers in making informed judgements. The unit aims to provide an understanding of the relevant management and cost accounting concepts necessary to evaluate a problem, source and use relevant information (both financial and non-financial) and make valid decisions to achieve sustainable value creation for the firm. Primarily, the thrust of this unit is to enhance the student’s critical and analytical ability through exposure to practical accounting problems and case studies. In so doing, the unit also aims to encourage students to develop the skills necessary for lifelong learning.

After successfully completing this unit, the student should be able to:

Identify and classify costs appropriate to the relevant information required
Apply appropriate cost allocation methods & demonstrate application of key managerial techniques (CVP, ABC, Budgeting, Relevant costing)
Demonstrate a critical understanding and apply various performance measurement techniques (ROI; Residual Income; Economic Value Added; Balanced Scorecard) in different business environments
Enhance accountability through the appropriate application of transfer pricing
Demonstrate an ability to solve structured and unstructured problems/case studies
Communicate an effective analysis of results and evaluations

Teaching Methods:

A range of teaching methods will be used including lectures and class discussion of issues and problems.

Assessment:

Assignments 25%
Tests (2) 20%

Tutorials 5%

Examination 50%

Generic Skills Outcomes:

This unit provides an educational experience that promotes an attitude of life-long learning. Specifically, our goal is to develop the following generic skills in our students:

Teamwork skills
Analytical and problem solving skills
Communications skills
Ability to tackle unfamiliar problems, and
Ability to work independently

Content:

Strategic decision-making
Cost volume profit analysis
Activity Based Costing
Balanced Scorecard & Performance measurement
Relevant costing & short-term decision analysis
Planning & Budgeting
Flexible Budgets & Variance analysis
Transfer Pricing

Reading Materials:

Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.