AC211 Management Accounting
DESCRIPTION
This unit is designed to introduce students to the planning, decision making and performance evaluation roles of management within organisations. The unit specifically aims to provide the relevant accounting tools to assist management with those roles. Primarily the unit deals with the provision and analysis of information to internal users. This information is both financial and non-financial. Exposure to these tools develops analytical and problems solving skills, and this is enhanced through the solution of practical problems and case studies. This unit will also provide students with an opportunity to work with an industry expert to understand and determine how these concepts are used in a real environment.
RELEVANT COURSES
*Core unit
Elective unit
CREDIT POINTS
10
DELIVERY MODE
On campus
Online
Extensive
PREREQUISITE OR CO-REQUISITE
AC101 Accounting I
UNIT LEARNING OUTCOMES
LO1 Evaluate management accounting and its role in decision making and control
LO2 Apply numerous cost concepts and pricing approaches to management control systems to make decisions and evaluate the impact of these decisions on profitability
LO3 Critically analyse budgets and perform variance analyses
LO4 Critique the information relevant to particular management accounting decisions and apply such information to solve problems when making these decisions
LO5 Generate spreadsheets to illustrate how a diverse range of pricing and costing issues impact on decision making and to demonstrate how spreadsheets can be used to support decision making in management accounting
CONTENT
Information that creates value: Introduction to management accounting
Cost concepts
Traditional costs allocation for products and services – firm wide; departmental, job costing
Contemporary cost allocation for products and services – ABC
Cost volume analysis
Relevant costing for non-routine decisions
Planning and budgeting
Flexible budgets and variance analysis (direct cost and overhead cost variances)
Inventory cost and capacity analysis
Performance measurement: Balanced scorecard & TQM
Performance measurement: ROI; residual income; economic value added
Organisation structure and accountability: Transfer pricing
ASSESSMENT METHODS
1. Online Tests - 20%
2. Group Assignment - 30%
3. Exam - 50%
PRESCRIBED READINGS
Datar, S. & Rajan, M. (2021). Horngren’s cost accounting-A managerial emphasis, global edition (17th ed.). London: Pearson Education
Check with the lecturer each semester before purchasing any textbooks.