Bond University - ACCT11-102: Management Accounting

This subject is designed to develop the management accounting skills to address the contemporary business environment imperatives of customer value, technology-driven solutions and knowledge-based organisations. The first part of this subject provides students with a framework for analysing the unique cost and revenue structures of a business to facilitate managerial planning, control and decision making. The second part of this subject focuses on the strategic implications of managerial accounting information to reflect organisational values.

✔ Subject Learning Outcomes (SLOs)

On successful completion of this subject the learner will be able to:

• Explain the purpose of management accounting, the role of business strategy, and the different types of business structures and their implications for delegation of authority and control.
• Apply traditional and contemporary costing systems, pricing strategies, accounting methods, and quantitative techniques to support management decision making.
• Prepare budgets and forecasts for management purposes and explain the role of budgets in managerial planning and control.
• Formulate solutions, supported by appropriate analytical and quantitative techniques using spreadsheets and relevant business databases, to organisational strategy, planning, control, and performance evaluation problems.
• Apply the principles and procedures involved in analysing and managing an organisation’s cash flow and working capital requirements.
• Resolve ethical conflicts by applying the standards, ethics, and professional values of the accounting profession.
• Demonstrate the ability to initiate, plan and execute a group project in collaboration with others.