University of New England - AFM112: Introduction to Management Accounting

Management accounting plays a crucial role in contemporary business organisations, providing information for planning and control decisions. Introducing fundamental terminologies and concepts, this unit will allow you to build a strong foundation in management accounting that will be an asset in any business career. You will explore problem-based learning in management accounting areas including Cost-Volume-Profit (CVP) analyses, job costing and Activity Based Costing (ABC) systems. You will explore variance analysis, budgeting and performance evaluation techniques, and short-to-medium and long-term decision making under varying business scenarios.

Upon completion of this unit, you will be able to: 

• demonstrate knowledge of the theory and practice of the management accounting discipline with some depth and the ability to recognise, reflect on, and respond appropriately to ethical, social or environmental issues influencing the practice of business, at a fundamental level;
• demonstrate knowledge and skills in management decision-making and apply this to business-related problems in areas such as the nature, behaviour and flow of cost and CVP analysis, at a fundamental level;
• use a range of cognitive and communication skills to identify, evaluate and synthesise relevant information in order to demonstrate judgement and analytical skills in solving business-related problems in areas such as product and service costing, short-term business decision-making and budgeting and management control, at a fundamental level; and,
• work independently and/or collaboratively to plan and execute tasks to demonstrate knowledge and skills in the areas of pricing, inventory management, standard costing and variance analysis, organisational performance evaluation and long-term investment decisions, at a fundamental level. 

Advanced Financial Accounting

Security Analysis and Portfolio Management

Intermediate Microeconomics