WESTERN SYDNEY UNIVERSITY

ACCT 1010: Management Accounting Fundamentals

* Comprehensive Revision Guide and Course Notes 2024

School: Business

Discipline: Accounting

Student Contribution Band HECS Band 4 10cp

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Western Sydney University - ACCT 1010: Management Accounting Fundamentals

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ACADEMIC YEAR 2023 - 2024

University	Western Sydney University
Study Level	Undergraduate
Subject Code	ACCT 1010
Subject Name	Management Accounting Fundamentals
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	120

* If you are studying for ACCT 1010: Management Accounting Fundamentals at Western Sydney University, this comprehensive guide and practice test set is a must-have. You do not need to be an expert in the subject; 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 exam. This updated exam preparation guide helps you identify your weak areas, so you will pass the final exam on your first attempt.

This subject provides an introduction to management accounting in an e-commerce environment. Students examine the interrelations of management accounting to other functional areas, to suppliers, to customers, and to other sources of external information relevant to planning and control. ACCT 1010: Management Accounting Fundamentals requires the completion of ACCT 1007 as a pre-requisite.

✔ Subject Content

Introduction to management accounting
Basic cost management concepts and cost behaviour
Cost volume profit analysis
Product and service costing: job-order system
Product and service costing: A process systems approach
Relevant decision making
Budgeting for planning and control
Flexible budgeting, Standard costing and variance analysis
Allocating costs of support departments and joint products

SUBJECT CODE	SUBJECT NAME
ACCT 1005	Accounting in Context
ACCT 1010	Management Accounting Fundamentals
ACCT 2005	Techniques in Financial Accounting
ACCT 3003	Accounting Standards and Governance
BUSM 1027	Organisational Behaviour
ECON 1003	Financial Institutions and Markets
ECON 1006	Introduction to Economic Methods
ECON 1011	Principles of Economics
ECON 1013	The Australian Macroeconomy
ECON 1014	Consumers, Firms and Markets
ECON 2002	Corporate Financial Management
ECON 2007	Macroeconomic Theory
ECON 3001	Applied Econometrics
ECON 3003	Derivatives
ECON 3006	Economic and Financial Modelling
FINC 3008	Investment Management
FINC 3015	Security Analysis and Business Valuation
LAWS 1001	Enterprise Law
LAWS 3070	Taxation Law
MATH 1030	Statistics for Business
MKTG 1006	Marketing Principles

Western Sydney University - ACCT 1010: Management Accounting Fundamentals

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