Management Accounting for Sustainable Decision Making

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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 of accounting control systems, and on contemporary international accounting and management interventions to drive organisational value in order to achieve world-class performance. Areas and issues covered include: understanding various types of cost methodologies, spreadsheet modelling, budgeting methodologies, responsibility accounting, the international dimensions of management accounting and a range of quantitative and qualitative performance measurement methodologies.

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

Assumed knowledge

Nil

Enrolment restrictions

Pre-requisite

Incompatible