Year
2021
Units
4.5
Contact
1 x 3-hour workshop weekly
Prerequisites
BUSN1001 - Accounting Principles
Enrolment not permitted
BUSN2004 has been successfully completed
Topic description

This topic distinguishes between financial accounting and management accounting systems. Management accounting is concerned with supplying organisational management with relevant, timely and accurate information to promote the efficient and effective use of resources, thereby enhancing customer and shareholder value. A variety of costing systems, techniques and models relevant to the service, merchandising and manufacturing sectors are examined, with an emphasis on the need for management accounting systems to adapt to a constantly changing business environment. As such, contemporary developments in areas such as cost, quality, customer and social and environmental management are considered.

Educational aims

This topic aims to introduce students to a variety of costing systems, models and techniques relevant to managerial planning, control and decision making in the services, merchandising and manufacturing industries. The topic also aims to make students aware and develop the students' ability to critically evaluate management accounting issues in areas such as professional ethics, social and environmental management, quality and customer management.

Expected learning outcomes
On completion of this topic you will be expected to be able to:

  1. Discuss the nature and importance of management accounting, and the current roles and responsibilities of management accountants
  2. Categorise and identify the nature of the various types of costs, cost objects and cost behaviours
  3. Apply various costing systems and techniques to calculate and report the costs of various cost objects, including products, services and departments, in various organisational settings
  4. Apply various techniques to analyse cost and other management-related information for effective planning, control and decision-making
  5. Discuss and critically analyse some of the contemporary issues confronting organisations and the management accounting discipline

Key dates and timetable

(1), (2)

Each class is numbered in brackets.
Where more than one class is offered, students normally attend only one.

Classes are held weekly unless otherwise indicated.

FULL

If you are enrolled for this topic, but all classes for one of the activities (eg tutorials) are full,
contact your College Office for assistance. Full classes frequently occur near the start of semester.

Students may still enrol in topics with full classes as more places will be made available as needed.

If this padlock appears next to an activity name (eg Lecture), then class registration is closed for this activity.

Class registration normally closes at the end of week 2 of each semester.

Classes in a stream are grouped so that the same students attend all classes in that stream.
Registration in the stream will result in registration in all classes.
  Unless otherwise advised, classes are not held during semester breaks or on public holidays.