University of South Australia - ACCT 2006: Management Accounting

This course, Management Accounting (ACCT 2006) - aims to provide students with an overview of how management accounting information plays a critical role in organisational planning, controlling, decision-making and learning and to equip students with the conceptual and practical understanding necessary to use and interpret management accounting information.

Main topics to be covered:

• Management accounting information that creates value
  • Understanding the role of management accounting in adding value to organisations
• Cost terms, concepts & behaviour
  • Comprehensive coverage of terminology and principles related to costs
• Product costing systems
  • Exploration of various methods for assigning costs to products
• Job and process costing
  • Detailed examination of job-based and process-based costing methods
• Overhead costs
  • Analysis of indirect costs and their allocation methods
• Activity-Based Costing (ABC)
  • Understanding the principles and implementation of ABC systems
• Budgeting
  • Techniques for creating budgets and using them for planning and control
• Standard costing: material & labour
  • Setting standard costs and variance analysis for materials and labour
• Tactical decision-making
  • Utilising management accounting information for short-term decision-making
• Cost decision-making and product-mix
  • Evaluating costs and revenue implications in product-mix decisions
• Cost-Volume-Profit (CVP) analysis and product mix
  • Applying CVP analysis to determine the optimal product mix for profitability
• Working capital
  • Understanding the management of current assets and liabilities
• Organisational structures
  • Exploring how management accounting supports different organisational structures
• Reporting for management decision-making
  • Designing and interpreting management reports for effective decision-making purposes