University of Melbourne - ACCT20001: Accounting for Management Decisions

This subject explores the design and implementation of cost management systems in a variety of organisational contexts. As well as emphasising technical expertise in the development of these systems, this subject also considers the use of cost system information in management decision making, specifically for the purposes of effective management of organisational resources and the creation of customer and shareholder value.

✔ On successful completion of this subject, students should be able to: 

• Describe a range of cost behaviour patterns and estimate costs using a range of sophisticated cost estimation techniques;

• Calculate product and service costs using a variety of costing systems and cost allocation techniques;

• Describe the link between resource flows and activities;

• Discuss the implications of resource flow patterns for the design of costing systems in a range of organisational contexts;

• Explain techniques for the management of costs to facilitate the effective use of organisational resources; and

• Analyse and evaluate cost information for the purposes of making a variety of value-based decisions.

SUBJECT CODE

SUBJECT NAME

ACCT10001

Accounting Reports and Analysis

ACCT10002

Introductory Financial Accounting

ACCT20001

Accounting for Management Decisions

ECOM20001

Econometrics 1

ECOM30001

Basic Econometrics

ECOM30002

Econometrics 2

ECON10003

Introductory Macroeconomics

ECON10004

Introductory Microeconomics

ECON10005

Quantitative Methods 1

ECON20002

Intermediate Microeconomics

ECON20003

Quantitative Methods 2

FNCE20005

Corporate Financial Decision Making

FNCE30001

Investments

FNCE30007

Derivative Securities

FNCE40001

Advanced Corporate Finance

MAST10010

Data Analysis

MAST20005

Statistics