Abstract

This subject examines financial and other information accountants provide for managers to use within organisations to make decisions and to understand and communicate the impact of cultural and international dimensions on management accounting practice. It focuses on the design and operation of product costing systems, on the design and operation … For more content click the Read More button below.

Syllabus

CostsOverhead cost allocation issues and methodologiesSpreadsheet modellingJob costingProcess costingActivity Based Costing (ABC)Just-in-Time (JIT) cost allocation issuesAbsorption, variable, joint and operation costingVarious budgeting methodologiesStandard costingVariance analysisResponsibility accounting

Learning outcomes

Upon successful completion of this subject, students should:
1.
be able to apply technical, computational, and analytical skills to the design and operation of sustainable product costing and management accounting control systems;
2.
be able to exercise critical thinking and judgement in identifying and solving management accounting problems;
3.
be able to review, critically analyse and communicate knowledge of contemporary issues around qualitative and quantitative cost performance measurement;
4.
be able to efficiently and effectively use computer spreadsheets as an aid to product costing, budgeting and performance evaluation; and
5.
be able to understand and communicate the impact of cultural and international dimensions on management accounting practice.

Assumed knowledge

Nil

Enrolment restrictions