PACC6001Management Accounting

Course handbook

Description

Within organisations accounting practice and data directly influence everyday management decision making. The course introduces students to the concept of cost, cost behaviour, product costing systems, cost allocation and activity-based costing, budgeting, and standard costing control systems, relevant costing, pricing decisions and customer profitability analysis. Professional communication within management settings and contexts will be emphasised as an important attribute.

Availability2024 Course Timetables

Learning outcomes

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

1. Discuss the preparation and use of management accounting information in an organisation;

2. Explain cost concepts used in management decision making;

3. Apply key costing methods and principles to generate information for decision making;

4. Critically analyse costing information taking into account the needs of management;

5. Evaluate the performance of an organisation;

Content

The course deals with the principles and methods in the determination of the cost of activities, products, and services and the issues involved in such determination. Relevant conceptual costing models, the various approaches to costing for purpose of stewardship and management needs are examined:

1. To impart knowledge about and develop a fundamental understanding of the principles and methods in the determination of the cost of activities, products and services;
2. To heighten critical understanding of the conceptual elements, parameters, strengths and weaknesses of the range of generally accepted costing models;
3. To reinforce sound reasoning, critical analysis and judicious judgement in the selection and application of relevant conceptual costing models for the various costing, financial reporting and management decision making purposes.

Requisite

This course is only available to students enrolled in the programs:

[11702] Master of Professional Accounting

[12187] Graduate Certificate in Professional Accounting

[12403] Master of Professional Accounting (Advanced)

[40149] Master of Professional Accounting/Master of Business Administration

[40164] Master of Professional Accounting/Master of Business Administration

Assumed knowledge

PACC6000 Financial Accounting 1

Assessment items

In Term Test: Mid-Semester Test

Written Assignment: Assignment

Formal Examination: Examination

Contact hours

Trimester 1 - 2024 - Newcastle City Precinct

Trimester 1 - 2024 - Sydney Elizabeth Street

Trimester 3 - 2024 - Newcastle City Precinct

Trimester 3 - 2024 - Sydney Elizabeth Street

Course outline

• PACC6001 - Trimester 1, 2024 (Ncle) (PDF, 229.5 KB)
• PACC6001 - Trimester 1, 2024 (Syd) (PDF, 229.5 KB)