Overview

This unit aims to equip you with enhanced knowledge of management accounting processes and techniques, including digital technologies, to improve the effective and efficient use of organisational resources. You will learn technical and analytical skills required to analyse relevant information that supports managerial decisions in enhancing both customer and shareholder values.

Requisites

Prerequisites
ACC10007 Financial Information for Decision Making

and

50 credit points

Antirequisites
ACC20014 Management Decision Making
Teaching periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Semester 2
Location
Hawthorn
Start and end dates
04-August-2025
02-November-2025
Last self-enrolment date
17-August-2025
Census date
31-August-2025
Last withdraw without fail date
19-September-2025
Results released date
09-December-2025
Semester 1
Location
Hawthorn
Start and end dates
02-March-2026
31-May-2026
Last self-enrolment date
15-March-2026
Census date
31-March-2026
Last withdraw without fail date
21-April-2026
Results released date
07-July-2026
Teaching Period 1
Location
Online
Start and end dates
09-March-2026
07-June-2026
Last self-enrolment date
22-March-2026
Census date
07-April-2026
Last withdraw without fail date
28-April-2026
Results released date
30-June-2026
Semester 2
Location
Hawthorn
Start and end dates
03-August-2026
01-November-2026
Last self-enrolment date
16-August-2026
Census date
01-September-2026
Last withdraw without fail date
22-September-2026
Results released date
08-December-2026
Teaching Period 3
Location
Online
Start and end dates
02-November-2026
07-February-2027
Last self-enrolment date
15-November-2026
Census date
01-December-2026
Last withdraw without fail date
22-December-2026
Results released date
02-March-2027

Unit learning outcomes

Students who successfully complete this unit will be able to:
 

  1. Analysing the relationship between cost, volume and profit, and its implications for managerial decision making
  2. Develop and evaluate costing systems including job and process costing, and apply cost allocation methods such as Activity Based Costing (ABC)
  3. Prepare budgets and analyse variances between planned and actuals.
  4. Apply management accounting processes, tools and techniques to solve business problems.
  5. Apply business intelligence, digital tools, and technologies to analyse data and support informed management accounting decisions.
  6. Evaluate organisational performance using strategic analysis tools, interpret key financial ratios, and apply risk management frameworks to enhance decision-making.

Teaching methods

Hawthorn

Type Hours per week Number of weeks Total (number of hours)

On Campus Class 1

 2:00 12 weeks 24
Online Lecture (asynchronous) 1:00 12 weeks 12
Unspecified Activities Independent Learning 9.5 12 weeks 114
Total     150

Assessment

Type Task Weighting ULOs
Assignment Individual 30-40 % 4,5
Examination Individual 40-60 % 1,2,3,4,5,6
Tutorial Exercises Individual 10-20 % 1,2,3,4,5,6

Content

  • Business and corporate strategies
  • Cost behaviour, drivers and estimation
  • Introduction to product and service costing
  • Overhead costs and activity based costing
  • Tactical decision making and pricing methods
  • Job and process costing
  • Cost volume profit analysis
  • Budgeting and variance analysis
  • Standard costing and flexible budgets
  • Information systems, business intelligence and data analytics
  • Risk management and dealing with uncertainty in decision-making
  • Organisational performance and key financial ratios
  • Working capital management

Study resources

Reading materials

A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.