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Unit of Study ACC00146 - Management Accounting (2014)

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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: , GA2: , GA3: , GA4: , GA5: , GA6: , GA7:
GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 discuss the accountant's role in the organisation including management functions including professional ethics and utilise cost-volume-profit relationship as an aid to decision making
2 explain cost terms, concepts and classifications and calculate cost of goods manufactured and compute product/service costs in both job cost and process cost environments including activity-based costing (ABC)
3 explain the role of budgets and standards, prepare master budget, explain the concept of standard costing, prepare flexible budgets, and calculate detailed variances
4 discuss various methods of allocating indirect and support department costs and describe current trends occurring in organisations' cost allocation practices and apply alternative approaches to allocate joint costs in a joint-cost environment and distinguish between joint
5 recognise which strategies an organisation is using and describe a balanced scorecard approach to manage the implementation of those strategies
6 discuss inventory management
7 use transfer pricing models in decentralised organisations.

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

  1. discuss the accountant's role in the organisation including management functions including professional ethics and utilise cost-volume-profit relationship as an aid to decision making
    • GA1:
    • GA4:
  2. explain cost terms, concepts and classifications and calculate cost of goods manufactured and compute product/service costs in both job cost and process cost environments including activity-based costing (ABC)
    • GA1:
    • GA4:
    • GA6:
  3. explain the role of budgets and standards, prepare master budget, explain the concept of standard costing, prepare flexible budgets, and calculate detailed variances
    • GA1:
    • GA4:
    • GA6:
  4. discuss various methods of allocating indirect and support department costs and describe current trends occurring in organisations' cost allocation practices and apply alternative approaches to allocate joint costs in a joint-cost environment and distinguish between joint
    • GA1:
    • GA4:
    • GA6:
  5. recognise which strategies an organisation is using and describe a balanced scorecard approach to manage the implementation of those strategies
    • GA1:
    • GA4:
    • GA6:
  6. discuss inventory management
    • GA1:
  7. use transfer pricing models in decentralised organisations.
    • GA1:

Prescribed learning resources

Prescribed Texts
  • No prescribed texts.

Prescribed Texts
  • No prescribed texts.

Prescribed Learning Resources may change in future Teaching Periods.