Issues in Management Accounting

Course code ACFI3003Units 10Level 3000Faculty of Business and LawNewcastle Business School

Management accounting is a mechanism for generating useful financial information about an entity's activities on operational, tactical and strategic levels. Attention is given to issues arising from the use of management accounting data for management decision-making concerning the firm.

In so doing, the focus is upon analysing from both descriptive and normative perspectives, the accounting function and its outputs in its organisational, behavioural and social settings. In the process emphasis is directed to the underlying conceptual and practical challenges in developing structured frameworks that reflect the various outcomes and impacts of organsational activity, and the efforts at measuring and communicating the results in meaningful numerical/financial terms.

Designed to enhance your understanding of the nature and development of accounting as it relates to the management of the organisation, the course extends into addressing professional challenges, the social contexts of the discipline, and specific discipline-based issues.

Available in 2015

Callaghan CampusSemester 2
Previously offered in 2014
ObjectivesOn successful completion of this course students will be able to:

1. Critically discuss key issues and challenges of the management accounting function in a changing environment.
2. Plan, investigate, collect, and critically analyse relevant information in formulating an assessment of an issue.
3. Identify and explain the strengths and limitations involved in applying management accounting measurements of an organisation's outcomes in both an organizational and social contexts.
4. Objectively and ethically interpret and use accounting information provided for management's needs.
5. Exhibit an extended appreciation of the professional challenges, and social contexts of their discipline.
6. Work independently and in teams to complete accounting research tasks communicating outcomes in professional discourse and formats.
7. Comprehend the boundaries of discipline-based issues requiring further investigation.
ContentLectures will include, but are not restricted to, the following topics:
1. Overview of issues in management accounting.
2. Management accounting in a changing organisational environment
3. Creating performance measurement systems
4. Analysing performance: internal Financial Measurement Framework and strategic profitability.
5. Interface of accounting, control and management
6. Transfer pricing: the Economics of Transfer Pricing and Public and Social Accountability
7. Managing strategic risk.
Replacing Course(s)ACFI3160
TransitionThis course is not available to students who have successfully completed ACFI3160.
Industrial Experience0
Assumed KnowledgeACFI2004
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Assessment Items
Essays / Written AssignmentsResearch Essay / Project
Examination: Formal
Presentations - TutorialGroup presentation
Contact HoursLecture: for 2 hour(s) per Week for Full Term
Seminar: for 1 hour(s) per Week for Full Term
Timetables2015 Course Timetables for ACFI3003