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.
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Further unit of study information
8 x 3.5 hours lectures, 4 x 3.5 hour tutorials. Refer to timetable for full details.
In-class exams (4) (40%), presentation (20%), essay (10%), exam (30%)
Hansen D and Mowen M (2013) Cornerstones of Cost management; Walsh C (2008) Key Management Ratios
Faculty/department permission required?
Unit of study rules
ITLS5000 (or TPTM5001) or ACCT5001
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