Introduces the role of the management accountant, emphasising how management accountants support executive decision making in a global business context. By engaging in teacher directed activities, students will build analytical and problem solving skills to provide advice on issues associated with strategy and control, budgeting, costing techniques and organisational performance.
Topic 1: Management accounting information, management decision making & ethics
Topic 2: Cost allocation
Topic 3: Cost-volume-profit (CVP) analysis
Topic 4: Budgeting - Operational Budgets & developing a master budget
Topic 5: Variance analysis - Revenue & Cost
Topic 6: Product costing – Job Costing
Topic 7: Product costing – Process Costing
Topic 8: Activity-based Costing (ABC)
Topic 9: Strategy, control & the balanced scorecard
Topic 10: Managing supply chains and inventory management
Topic 11: Management of multinational organisations and transfer pricing
Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.
Learning outcomes and graduate attributes
|On completion of this unit, students should be able to:||GA1||GA2||GA3||GA4||GA5||GA6||GA7|
|1||Discuss the accountant's role in the organisational decision making process including the techniques for improving the contribution of the value-creating activities within the organisation.||Ethical practice||Communication and social skills|
|2||Critically analyse management accounting concepts and techniques to support strategic business decisions.||Ethical practice||Knowledge of a discipline|
|3||Evaluate and apply different costing concepts and techniques to support the financial goals and day-to-day operations of the organisation.||Knowledge of a discipline|
|4||Explain the role of budgets, the concept of standard costing and prepare a master budget and calculate detailed variances.||Knowledge of a discipline||Communication and social skills|
- Eldenburg, LG, Brooks, A, Oliver, J, Vesty, G, Dormer, R & Murthy, V, 2017, Management Accounting, 3rd edn, Wiley Australia, Australia. ISBN: 9780730326724– e-text is also available.
Teaching and assessment
|Lecture online 1 hour (12 weeks)|
|Budget Schedules & Report to Management||30%|
|Exam: closed book||50%|
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2018 Commonwealth Supported only. Student contribution band: 3
Please check the international course and fee list to determine the relevant fees.