Management Accounting

Course code ACFI2003Units 10Level 2000Faculty of Business and LawNewcastle Business School

Reliability and consistency guided by relevance shape costing methodologies that inform management decision-making. Management accounting equips students with the principles, methods, processes and systems in management accounting to inform decision makers in an organisation through the examination of the theory and practice of the main accounting models used in cost determination. The range of cost determination models are explored in terms of their consistency with governing accounting principles and the usefulness of the cost measures for management's decision-making needs. Engaging in problem based oriented learning you develop complex problem solving skills designing solutions supported by theory, research and assessment of current practice.

Available in 2015

Callaghan CampusSemester 1
OurimbahSemester 1
UoN SingaporeTrimester 2
Previously offered in 2014
ObjectivesAt the completion of the course, students will be able to:
1. Discuss the use of management accounting information in an organisation
2. Explain cost concepts used in costing methods
3. Apply key costing methods to generate information for decision making
4. Critically analyse costing information ethically taking into account the needs of management
5. Solve management accounting problems ethically using cost concepts and methods
ContentLectures will include, but are not be restricted to, the following topics:
1. Cost Concepts and Classification Paradigms; Cost estimation
2. Product Costing: Job Costing Model
3. Product Costing: Process Costing Models
4. Cost Allocations: General Principles & Service Centre Costs
5. Product Costing: Joint Products Model
6. Management of Indirect Costs: Activity-Based Costing
7. Strategic Considerations: Costing Models
8. Managing Costs: Standard costing framework
9. Managing: Standard costing analysis
Replacing Course(s)ACFI2030
TransitionThis course is not available to students who have successfully completed ACFI2030.
Industrial Experience0
Assumed KnowledgeACFI1002
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Assessment Items
Essays / Written AssignmentsCase Study
Examination: Formal
Other: (please specify)assignment
Other: (please specify)Tutorial assessments
Contact HoursLecture: for 2 hour(s) per Week for Full Term
Tutorial: for 2 hour(s) per Week for 12 weeks
Timetables2015 Course Timetables for ACFI2003