ACFI2003

Management Accounting

10 Units 2000 Level Course

Available in 2014

Callaghan Campus Semester 1
Ourimbah Semester 1
UoN Singapore Trimester 2

Previously offered in 2013, 2012, 2011, 2010, 2009, 2008

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.

Objectives At 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
Content Lectures 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
Transition This course is not available to students who have successfully completed ACFI2030.
Industrial Experience 0
Assumed Knowledge ACFI1002
Modes of Delivery Internal Mode
Teaching Methods Lecture
Tutorial
Assessment Items
Essays / Written Assignments Case Study
Examination: Formal
Other: (please specify) Tutorial assignments
Quiz - Class Mid-semester quiz
Contact Hours Lecture: for 2 hour(s) per Week for Full Term
Tutorial: for 2 hour(s) per Week for 12 weeks
Timetables 2014 Course Timetables for ACFI2003