Availabilities:

Not currently available in 2021

Unit description

Introduces students to the various accounting systems that facilitate internal management planning, decision making and control. Specific attention will be given to such topics as various costing systems and their relevance to the particular firm and the particular industry; the analysis and presentation of data for the solving of specific problems created by such things as departments, branches and the devolution of control; transfer pricing and the particular type of industrial activity undertaken.

Unit content

Week 1: The role of management accounting, cost terminology and CVP analysis
Week 2: Product costing
Week 3: Cost allocation
Week 4: Planning and control
Week 5: Relevant costs and decision making
Week 6: Strategy, Inventory management and transfer pricing

Learning outcomes

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.

On completion of this unit, students should be able to:
1discuss the accountant's role in the organisation including management functions and professional ethics and utilise cost-volume-profit relationships as an aid to decision making
2calculate product/service costs in both job cost and process cost environments including activity-based costing (ABC)
3discuss various methods of allocating indirect and support department costs and describe current trends occurring in organisations' cost allocation practices, apply alternative approaches to allocating joint costs in a joint-cost environment
4explain the role of budgets and standards and prepare master budget and explain the concept of standard costing, prepare flexible budgets, and calculate detailed variances
5recognise which strategies an organisation is using and describe a balanced scorecard approach to manage the implementation of those strategies
6discuss inventory management, balance ordering costs with carrying costs using EOQ model and use a supply-chain approach to inventory and production management
7explain responsibility accounting, use transfer pricing in a decentralised organisation, and evaluate different methods used to calculate transfer prices.

On completion of this unit, students should be able to:

  1. discuss the accountant's role in the organisation including management functions and professional ethics and utilise cost-volume-profit relationships as an aid to decision making
  2. calculate product/service costs in both job cost and process cost environments including activity-based costing (ABC)
  3. discuss various methods of allocating indirect and support department costs and describe current trends occurring in organisations' cost allocation practices, apply alternative approaches to allocating joint costs in a joint-cost environment
  4. explain the role of budgets and standards and prepare master budget and explain the concept of standard costing, prepare flexible budgets, and calculate detailed variances
  5. recognise which strategies an organisation is using and describe a balanced scorecard approach to manage the implementation of those strategies
  6. discuss inventory management, balance ordering costs with carrying costs using EOQ model and use a supply-chain approach to inventory and production management
  7. explain responsibility accounting, use transfer pricing in a decentralised organisation, and evaluate different methods used to calculate transfer prices.

Teaching and assessment

Notice

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.

Fee paying courses
For postgraduate or undergraduate full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees

International

Please check the international course and fee list to determine the relevant fees.

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