THE UNIVERSITY OF SYDNEY 
ACCT2019 - Accounting Analysis for Management Decisions 
Comprehensive Revision Guide and Course Notes 2024 
 
Prerequisites:
(ACCT1001 or ACCT1005 or BUSS1030) and (ACCT1002 or ACCT1006)
 
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Accounting Analysis for Management Decisions (ACCT2019) - at USYD

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ACADEMIC YEAR 2023 - 2024

University	University of Sydney
Study Level	Undergraduate
Unit Code	ACCT2019
Unit Name	Accounting Analysis for Management Decisions
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	119

This comprehensive revision guide is an essential resource for those enrolled in ACCT2019 at the University of Sydney who are seeking to excel in the unit. The guide contains easy-to-understand notes and practice questions that align with the current semester's content, covering all necessary materials. Through its comprehensive coverage and practice questions, the guide helps you identify areas of weakness in your understanding, allowing you to focus your study efforts more effectively and increase your likelihood of achieving a high distinction in your assessments and the final examination.

[ACCT2019] Accounting Analysis for Management Decisions is a unit designed to equip students with the fundamental knowledge and skills required for management accounting to aid in making sound managerial decisions. This unit covers the basics of using an industry-standard accounting system and management accounting information efficiently and effectively, as well as applying relevant numerical and analytical skills for understanding management accounting developments and current theoretical knowledge. It covers various topics such as cost terms and purposes, cost behaviour, cost-volume-profit analysis, cost estimation, alternative product costing methods, budgeting process mechanics, decision making using relevant costs/revenues, and cost allocation. Additionally, the unit covers the value chain framework, management controls, Balanced Scorecards, strategy maps, responsibility accounting, transfer pricing, and organisational structures. Students will learn how to use costing information for planning and control to evaluate organisational performance and gain exposure to contemporary developments in management accounting.

✔ Main topics covered:

Introduction to management accounting; Role and purpose of management accountants (costing, decision making); Strategic focus, cost terms and purposes.
Job Costing; Allocation of Support Department costs; Common costs, and Revenues.
Cost-Volume-Profit analysis; Inventory costing
Management accounting systems and information technologies
Application of management accounting systems for management decision making
Activity-based Costing; Activity-based Management
Master Budgets; Responsibility Accounting.
Flexible Budgets, Direct-cost variances and Management Control; Flexible Budgets, Overhead Cost Variances and Management Control.
Short-term decision-making and Relevant Information; Pricing Decision and Cost Management.
Long-term Decision Making: Capital Budgeting and Cost analysis.
Cost allocation and Customer Profitability Analysis; Balanced Scorecard.
Management Control Systems; Transfer Pricing, and Multinational Considerations.

UNIT CODE	UNIT NAME
ACCT2011	Reporting on Business Performance
ACCT2019	Accounting Analysis for Management Decisions
ACCT3011	Reporting on Business Groups
BUSS1020	Quantitative Business Analysis
BUSS1030	Accounting, Business and Society
CLAW1001	Foundations of Business Law
CLAW3201	Australian Taxation System
ECMT1010	Introduction to Economic Statistics
ECON1001	Introductory Microeconomics
ECON1002	Introductory Macroeconomics
ECOS2001	Intermediate Microeconomics
ECMT1020	Introduction to Econometrics
ECMT3120	Applied Econometrics
ECMT3130	Forecasting for Economics and Business
ENVX1002	Introduction to Statistical Methods
FINC3019	Fixed Income Securities
FINC2011	Corporate Finance I
FINC2012	Corporate Finance II
FINC3012	Derivative Securities
FINC3017	Investments and Portfolio Management
MKTG1001	Marketing Principles
WORK1003	Foundations of Work and Employment

Accounting Analysis for Management Decisions (ACCT2019) - at USYD

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