The University of Newcastle, Australia
Available in 2020
Course code



10 units


2000 level

Course handbook


Reliability and consistency, guided by relevant costing methodologies, 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.

Availability2020 Course Timetables


  • Semester 1 - 2020

Newcastle City Precinct

  • Semester 1 - 2020

PSB Singapore

  • Trimester 2 - 2020 (Singapore)
  • Trimester 3 - 2020 (Singapore)

Learning outcomes

On successful 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


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. Management of Indirect Costs: Activity-Based Costing
  6. Strategic Considerations: Costing Models
  7. Managing Costs: Standard costing framework
  8. Managing: Standard costing analysis
  9. Absorption and variable costing
  10. Relevant cost analysis - an introduction


Students must have successfully completed ACFI1002 to enrol in this course.

Assessment items

Quiz: Multiple Choice tests: 4 tests

Written Assignment: Written assignment

Formal Examination: Final exam

Contact hours

Ourimbah, Newcastle City Precinct and PSB Singapore


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.