ACFI2004
10 units
2000 level
Course handbook
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
Not currently offered.
This Course was last offered in Trimester 1 - 2021 (Singapore).
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:
- Introduction to management accounting and revision of cost concepts.
- Activity Based Costing and Activity Based Management
- Absorption and variable costing.
- Short term decision making: relevant cost analysis, relevant costs and benefit analysis, analysis of special decisions, special decisions and manufacturing firms.
- Control: performance evaluation.
- Strategic considerations.
- Strategic decision making: balanced score card.
- Planning: budgeting.
- Transfer pricing
- Sustainability - measurements and critique.
Requisite
Students must have successfully completed ACFI2003 to enrol in this course.
Assessment items
Quiz: Multiple Choice Tests - Online
Written Assignment: Written assignment
Formal Examination: Final examination
Course outline
Course outline not yet available.
The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.