Advanced Management Accounting

Description

The management accounting function has both an informational and motivational role in organisational decision making. Analysis of information is considered within the context of activity-focused-costing systems and the assessment of non-financial performance measures. The motivational effects of budgets, control processes and performance measures are considered. Issues in human information processing are introduced. Students engage in problem based learning applying strategies to conceptualise problems and formulate optimal solutions.

Availability

UoN Singapore

  • Trimester 1 - 2017 (Singapore)
  • Trimester 3 - 2017 (Singapore)

Newcastle City Precinct

  • Semester 2 - 2017

Ourimbah

  • Semester 2 - 2017

Learning Outcomes

On successful completion of the course students will be able to:

1. Demonstrate an integrative understanding of the theoretical concepts supporting the accounting processes covered.

2. Display the ability to soundly apply these accounting processes.

3. Demonstrate current knowledge of developments in management accounting.

4. Identify and comprehend the issues arising as a result of these current developments.

5. Work independently and collaboratively in accounting environments to critically analyse problem scenarios and employ conceptual accounting models to formulate solutions.

6. Identify, analyse, evaluate and communicate information reflective of management accounting approaches and contexts.

Content

Lectures will include, but are not restricted to, the following topics:

  1. Introduction to management accounting and revision of cost concepts.
  2. Activity Based Costing and Activity Based Management
  3. Absorption and variable costing.
  4. Short term decision making: relevant cost analysis.
  5. Control: performance evaluation.
  6. Strategic considerations.
  7. Strategic decision making: balanced score card.
  8. Planning: budgeting.
  9. Sustainability - measurements and critique.

Assumed Knowledge

ACFI2003

Assessment Items

Written Assignment: Minor Assignment

Written Assignment: Major assignment

Formal Examination: Final examination

Contact Hours

Ourimbah, Newcastle City Precinct and UoN Singapore

Workshop

Face to Face On Campus 2 hour(s) per Week for Full Term

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.