Overview

This unit aims to equip you with enhanced knowledge of management accounting processes and techniques designed to enhance 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

Rule

50 Credit Points

AND

ACC10007 Financial Information for Decision Making

Teaching Periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Semester 1
Location
Hawthorn
Start and end dates
26-February-2024
26-May-2024
Last self-enrolment date
10-March-2024
Census date
31-March-2024
Last withdraw without fail date
12-April-2024
Results released date
02-July-2024
Teaching Period 1
Location
Online
Start and end dates
11-March-2024
09-June-2024
Last self-enrolment date
24-March-2024
Census date
05-April-2024
Last withdraw without fail date
26-April-2024
Results released date
02-July-2024
Semester 2
Location
Hawthorn
Start and end dates
29-July-2024
27-October-2024
Last self-enrolment date
11-August-2024
Census date
31-August-2024
Last withdraw without fail date
13-September-2024
Results released date
03-December-2024
Teaching Period 3
Location
Online
Start and end dates
04-November-2024
09-February-2025
Last self-enrolment date
17-November-2024
Census date
29-November-2024
Last withdraw without fail date
27-December-2024
Results released date
04-March-2025

Learning outcomes

Students who successfully complete this unit will be able to:

  • Analysing the relationship between cost, volume and profit, and its implications for managerial decision making
  • Develop and evaluate costing systems including job and process costing, and apply cost allocation methods such as Activity Based Costing (ABC)
  • Prepare budgets and analyse variances between planned and actuals.
  • Apply management accounting techniques to solve a range of business problems

Teaching methods

Hawthorn

Type Hours per week Number of weeks Total (number of hours)
On-campus
Class
2.00 12 weeks 24
Online
Lecture
1.00 12 weeks 12
Unspecified Activities
Independent Learning
9.50 12 weeks 114
TOTAL150

Swinburne Online

Type Hours per week Number of weeks Total (number of hours)
Online
Directed Online Learning and Independent Learning
12.50 12 weeks 150
TOTAL150

Assessment

Type Task Weighting ULO's
AssignmentIndividual 30 - 40% 1,2,3,4 
ExaminationIndividual 40 - 60% 1,2,3,4 
Tutorial ExercisesIndividual 10 - 20% 1,2,3,4 

Content

  • Cost behaviour, drivers and estimation
  • Introduction to product and service costing
  • Overhead costs and Activity based costing
  • Tactical decision making
  • Job and process costing
  • Cost volume profit analysis
  • Budgeting
  • Standard costing and flexible budgets
  • Information systems and data analytics
  • Dealing with risk and uncertainty in decision-making
  • Advanced variance analysis - material mix and yield variances; sales mix and quantity variances; planning and operational variances

Study resources

Reading materials

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