Management Accounting

Abstract

This subject examines the way in which accountants provide financial and other information for managers to use within organisations. 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 and to achieve world-class performance. Areas and issues covered include understanding various types of costs, overhead cost allocation issues and methodologies, spreadsheet modelling, job costing, process costing, Activity Based Costing (ABC), Just-in-Time (JIT) cost allocation issues, absorption, variable, joint and operation costing, various budgeting methodologies, standard costing, variance analysis, responsibility accounting, the international dimensions of management accounting and a range of quantitative and qualitative performance measurement methodologies.

Syllabus

management accounting functions, terms and cost flows;accounting for and control of materials, labour and overhead costs;activity based costing for more accurate tracing of overhead costs;traditional costing systems: job costing, process costing, operation costing, joint costs, and standard costing systems;alternative costing systems: variable costing, absorption costing, and Just-in-Time (JIT) costing;feedforward control: … For more content click the Read More button below.

management accounting functions, terms and cost flows;
accounting for and control of materials, labour and overhead costs;
activity based costing for more accurate tracing of overhead costs;
traditional costing systems: job costing, process costing, operation costing, joint costs, and standard costing systems;
alternative costing systems: variable costing, absorption costing, and Just-in-Time (JIT) costing;
feedforward control: comprehensive budgeting;
feedback control: theories of motivation, budgetary participation, flexible budgets, and standard cost variances;
responsibility accounting and accounting controls: organisation structure, responsibility accounting, decentralised organisations, various alternative quantitative and qualitative performance measures; and
application of management accounting tools in an international setting.

Learning outcomes

Upon successful completion of this subject, students should:

be able to apply technical, computational, and analytical skills to the design and operation of product costing and management accounting control systems;

be able to exercise critical thinking and judgement in identifying and solving management accounting problems.

be able to review, critically analyse and communicate knowledge of contemporary issues around qualitative and quantitative cost performance measurement.

be able to efficiently and effectively use computer spreadsheets as an aid to product costing, budgeting and performance evaluation; and

be able to understand and communicate the impact of cultural and international dimensions on management accounting practice.

Enrolment restrictions

Pre-requisite

Incompatible

Handbook

ACC210 - Management Accounting

Abstract

Syllabus

Learning outcomes

Enrolment restrictions