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Unit of Study ACC00714 - Managerial Accounting (2018)

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Unit Snapshot

Unit description

Introduces the role of the management accountant, emphasising how management accountants support executive decision making in a global business context. By engaging in teacher directed activities, students will build analytical and problem solving skills to provide advice on issues associated with strategy and control, budgeting, costing techniques and organisational performance.

Unit content

Topic 1: Management accounting information, management decision making & ethics

Topic 2: Cost allocation 

Topic 3: Cost-volume-profit (CVP) analysis

Topic 4: Budgeting - Operational Budgets & developing a master budget

Topic 5: Variance analysis - Revenue & Cost

Topic 6: Product costing – Job Costing

Topic 7: Product costing – Process Costing   

Topic 8: Activity-based Costing (ABC) 

Topic 9: Strategy, control & the balanced scorecard

Topic 10: Managing supply chains and inventory management

Topic 11: Management of multinational organisations and transfer pricing

Availabilities

Location Domestic International
Gold Coast Session 2 Session 2
Melbourne N/A Session 2
Online Session 2 Session 2
Perth N/A Session 2
Sydney N/A Session 2

Learning outcomes and graduate attributes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
Learning outcome count Learning outcome description GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 Discuss the accountant's role in the organisational decision making process including the techniques for improving the contribution of the value-creating activities within the organisation.
2 Critically analyse management accounting concepts and techniques to support strategic business decisions.
3 Evaluate and apply different costing concepts and techniques to support the financial goals and day-to-day operations of the organisation.
4 Explain the role of budgets, the concept of standard costing and prepare a master budget and calculate detailed variances.

On completion of this unit, students should be able to:

  1. Discuss the accountant's role in the organisational decision making process including the techniques for improving the contribution of the value-creating activities within the organisation.
    • GA3:
    • GA6:
  2. Critically analyse management accounting concepts and techniques to support strategic business decisions.
    • GA3:
    • GA4:
  3. Evaluate and apply different costing concepts and techniques to support the financial goals and day-to-day operations of the organisation.
    • GA4:
  4. Explain the role of budgets, the concept of standard costing and prepare a master budget and calculate detailed variances.
    • GA4:
    • GA6:

Prescribed learning resources

Prescribed Texts
  • No prescribed texts.

Prescribed Learning Resources may change in future Teaching Periods.