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ACCT20001 - Cost Management 
Comprehensive Revision Guide and Course Notes 2025 
 
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University of Melbourne - ACCT20001: Cost Management

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ACADEMIC YEAR 2024 - 2025

University	University of Melbourne
Study Level	Undergraduate
Subject Code	ACCT20001
Subject Name	Cost Management
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	119

If you are studying for ACCT20001: Cost Management at the University of Melbourne, this comprehensive guide and practise test set is a must-have resource. You do not need to be an expert in the subject, you just need a basic understanding and be able to quickly recall the information that you have learned. You can use these notes as a reference to better understand the topics and improve your grades in the end-of-semester final examination. This updated exam preparation guide helps you identify your weak areas so that you can pass the final exam on your first attempt.

This subject, Cost Management (ACCT20001) - 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, you 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
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	Cost Management
BLAW10001	Principles of Business Law
BLAW30002	Taxation Law I
ECOM20001	Econometrics 1
ECOM30002	Econometrics 2
ECON10003	Introductory Macroeconomics
ECON10004	Introductory Microeconomics
ECON10005	Quantitative Methods 1
ECON20002	Intermediate Microeconomics
ECON20003	Quantitative Methods 2
FNCE10002	Principles of Finance
FNCE20005	Corporate Financial Decision Making
FNCE30001	Investments
FNCE30007	Derivative Securities
FNCE40001	Advanced Corporate Finance
MAST20005	Statistics
MGMT10002	Principles of Management
MKTG10001	Principles of Marketing

University of Melbourne - ACCT20001: Cost Management

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