ACFI2003
10 units
2000 level
Course handbook
Description
This course aims to introduce students to the role of management accounting information, in managing and measuring business performance. At the conclusion of the course students will be able to design, implement and monitor business level strategy using management accounting controls. Part 1 introduces students to strategic planning processes using varied concepts. Part 2 of the course equips students with the practical skills and tools for the implementation and monitoring of business strategy with a focus on cost management and profit.
Availability2024 Course Timetables
Singapore PSB
- Trimester 1 - 2024 (Singapore)
- Trimester 2 - 2024 (Singapore)
- Trimester 3 - 2024 (Singapore)
Ourimbah
- Semester 1 - 2024
Newcastle City Precinct
- Semester 1 - 2024
Learning outcomes
On successful completion of the course students will be able to:
1. Demonstrate an understanding of the role and use of management accounting information in an organisational context and for business decision making
2. Demonstrate an understanding of strategic planning process from the perspective of the CFO and formulate business strategy based on analysis of an organisation's external, competitive and internal environments
3. Apply key management accounting techniques to implement business strategy and monitor business performance, cost and profitability
4. Solve business problems ethically using management accounting concepts and techniques
Content
Lectures will include, but are not be restricted to, the following topics:
- PESTEL
- Porters 5 Forces
- SWOT
- Value Chain Analysis
- Core Competency
- The Risk Calculator
- The Balanced Scorecard
- Overhead Allocation - Traditional Job Costing
- Activity Base Costing and Customer Profitablity Analysis
- Standard versus Flexible Budgets
- Variance Analysis
- Managing Working Capital
Requisite
Students must have successfully completed ACFI1002 to enrol in this course.
Assessment items
Report: Report
Formal Examination: 120 minute formal CLOSED BOOK examination worth
Contact hours
Trimester 1 - 2024 (Singapore) - Singapore PSB
Workshop-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Semester 1 - 2024 - Ourimbah
Workshop-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Semester 1 - 2024 - Newcastle City Precinct
Workshop-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Trimester 2 - 2024 (Singapore) - Singapore PSB
Workshop-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Trimester 3 - 2024 (Singapore) - Singapore PSB
Workshop-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Course outline
- ACFI2003 - Semester 1, 2024 (Centralcst) (PDF, 243.6 KB)
- ACFI2003 - Semester 1, 2024 (Ncle) (PDF, 243.6 KB)
- ACFI2003 - Trimester 1, 2024 (Naihes) (PDF, 251.2 KB)
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