THE UNIVERSITY OF ADELAIDE 
ACCTING 2500 - Cost and Management Accounting 
Comprehensive Revision Guide and Course Notes 2025 
 
Assumed Knowledge: Basic computer literacy using MS Office software 
Prerequisites: ACCTING 1002 or ACCTING 1002OUA or ACCTING 1004 
 
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University of Adelaide

Cost and Management Accounting - ACCTING 2500 • University of Adelaide

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ACADEMIC YEAR 2024 - 2025

University	University of Adelaide
Study Level	Undergraduate
Course Code	ACCTING 2500
Course Name	Cost and Management Accounting
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	119

If you are studying for the ACCTING 2500: Cost and Management Accounting, University of Adelaide - this comprehensive guide and practice test set is a must-have. You do not need to be an expert in this course, you just need a basic understanding and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the topics better and improve your grades in your final examination. This updated exam preparation guide helps you identify your weak areas, so you will pass the final exam on your first attempt. Students can request a paperback version at the checkout page.

This course, Cost and Management Accounting (ACCTING 2500) - aims to give an understanding of how management accountants provide information to facilitate decision-making in an organisation. On completion of this course, you should be able to determine product costs, formulate budgets and standards for planning and control, understand the role of responsibility accounting and performance measurement, and explain contemporary thinking in management accounting.

✔ The topics to be covered include:

Introduction to Cost and Management Accounting.
Cost Behaviour and Data Analytics
Job Costing, Process Costing and CVP
Cost Allocation Joint and By Products
Master Budgets and Responsibility Accounting
Flexible Budgets
Pricing Decisions and Decision Making and Relevant information
Inventory and Capacity analysis and Inventory Management
Management Control Systems and Performance Management
Balanced Scorecard

COURSE CODE	COURSE NAME
ACCTING 1004	Accounting Foundations
ACCTING 2500	Cost and Management Accounting
ACCTING 2501	Financial Accounting
ACCTING 3501	Corporate Accounting
COMMGMT 1001	Managing Organisations and People
COMMLAW 1004	Commercial Law I
COMMLAW 3500	Income Tax Law III
CORPFIN 1002	Business Finance
CORPFIN 2501	Financial Institutions Management
CORPFIN 2502	Business Valuation
CORPFIN 3501	Portfolio Theory Management
CORPFIN 3502	Options, Futures and Risk Management
ECON 1008	Data Analytics I
ECON 1012	Principles of Economics I
ECON 2514	Managerial Economics II
ECON 2515	Intermediate Applied Econometrics II
ECON 2507	Intermediate Macroeconomics II
ECON 3502	Econometrics III
MARKETNG 1001	Introduction to Marketing
STATS 1000	Statistical Practice I

Cost and Management Accounting - ACCTING 2500 • University of Adelaide

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