THE UNIVERSITY OF NEWCASTLE 
ACFI2003 - Management Accounting 
Comprehensive Revision Guide and Course Notes 2024 
 
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University of Newcastle - ACFI2003: Management Accounting

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ACADEMIC YEAR 2023 - 2024

University	University of Newcastle
Study Level	Undergraduate
Course Code	ACFI2003
Course Name	Management Accounting
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	119

If you are studying for the ACFI2003: Management Accounting at the University of Newcastle, this comprehensive guide and practice test set is a must-have. You do not need to be an expert in the course; you just need a basic understanding and the ability 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 the final examination. This updated exam preparation guide helps you identify your weak areas, ensuring that you pass the final exam on your first attempt.

This course, Management Accounting (ACFI2003) - aims to introduce students to the role of management accounting information, in managing and measuring business performance. At the conclusion of the course students will be able to design, implement and monitor business level strategy using management accounting controls. Part 1 introduces students to strategic planning processes using varied concepts. Part 2 of the course equips students with the practical skills and tools for the implementation and monitoring of business strategy with a focus on cost management and profit.

Major topics to be covered:

PESTEL
Porters 5 Forces
SWOT
Value Chain Analysis
Core Competency
The Risk Calculator
The Balanced Scorecard
Overhead Allocation - Traditional Job Costing
Activity Base Costing and Customer Profitablity Analysis
Standard versus Flexible Budgets
Variance Analysis
Managing Working Capital

PESTEL
Porters 5 Forces
SWOT
Value Chain Analysis
Core Competency
The Risk Calculator
The Balanced Scorecard
Overhead Allocation - Traditional Job Costing
Activity Base Costing and Customer Profitability Analysis
Standard versus Flexible Budgets
Variance Analysis
Managing Working Capital

COURSE CODE	COURSE NAME
ACFI1001	Accounting for Decision Makers
ACFI1002	Accounting Practice
ACFI1003	Introduction to Finance
ACFI2003	Management Accounting
ACFI2012	Accounting for Corporate Entities
ACFI2070	Business Finance
ACFI2080	Corporate Finance
ACFI3004	Taxation
ACFI3018	Portfolio Management
ACFI3130	Derivative Securities
ECON1001	Microeconomics for Business Decisions
ECON1002	Macroeconomics in the Global Economy
ECON1003	Basic Econometrics and Quantitative Modelling
ECON2001	Intermediate Microeconomics
ECON2004	Money and Banking
LEGL1001	Foundations of Law
MKTG1001	Foundations of Marketing
MNGT1001	Introduction to Management
STAT1060	Business Decision Making
STAT1070	Statistics for the Sciences

University of Newcastle - ACFI2003: Management Accounting

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