This unit provides students with an introduction to the core knowledge requirements of management/cost accounting; it equips them with basic skills to use an industry-standard accounting system and management accounting information efficiently and effectively. Areas specifically covered include: cost terms and purposes, cost behaviour, cost - volume - profit analysis, cost estimation, basic and alternative product costing methods, detailed study of the mechanics of the budgeting process (master budgets, flexible budgets, standard costing and variance analysis, capital budgeting), decision making using relevant costs/revenues and cost allocation. This unit also exposes students to key topics linking to the value chain framework, management controls, Balanced Scorecards, strategy maps, responsibility accounting, transfer pricing and organisational structures.
1.5 hour lecture plus 1.5 hour tutorial
in-class assessment (20%); group SAP assignment (30%); final exam (50%)
(ACCT1001 or ACCT1005 or BUSS1030) and (ACCT1002 or ACCT1006)Prohibitions