Value Chain Costing (ITLS6001)

UNIT OF STUDY

Networked organisations are becoming a significant organisational structure in manufacturing and distribution. This unit develops students' understanding of the finance and accounting activities that need to be undertaken during the value adding processes that a business must fulfil. Emphasis is placed on the network aspects of costing processes and activities but relevant financial topics that impact on value chain network structures will also be introduced, such as financial and operational gearing, alternative methods of financing the operations activities, and risk management. Of importance is the notion of added value and how its quantitative value may be calculated as the aggregate added value accumulated within the value chain network; for example a cell phone may cross a number of international borders during manufacture and distribution, value is added by each process but what is the total value added and how much? This introduces another topic - how do we share the value generated by a network organisation among the network members? Answers to these questions need to be resolved to ensure the long-term growth and survival of the value chain network

Further unit of study information

Classes

8 x 3.5 hr lectures, 4 x 3.5 hr tutorials. Refer to timetable for full details.

Assessment

In-class short exams (40%), presentation (20%), essay (10%), exam (30%)

Textbooks

Hansen D and Mowen M (2013) Cornerstones of Cost management; Walsh C (2008) Key Management Ratios

Faculty/department permission required?

No

Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.