PACC6001

Management Accounting

10 Units

Within organisations accounting practice and data directly influence everyday management decision making. The course introduces students to the concept of cost, cost behaviour, product costing systems, cost allocation and activity-based costing and standard costing control systems. Professional communication within management settings and contexts will be emphasised as an important attribute.

Faculty Faculty of Business and Law
School Newcastle Business School
Availability Semester 1 - 2015 (Sydney Bathurst Street)
Semester 2 - 2015 (Sydney Bathurst Street)
Learning Outcomes

On successful completion of this course, students will be able to:

  1. Discuss the preparation and use of management accounting information in an organisation;
  2. Explain cost concepts used in management decision making;
  3. Apply key costing methods and principles to generate information for decision making;
  4. Critically analyse costing information taking into account the needs of management; and
  5. Solve management accounting problems ethically using cost concepts, methods and principles.
Content

The course deals with the principles and methods in the determination of the cost of activities, products, and services and the issues involved in such determination. Relevant conceptual costing models, the various approaches to costing for purpose of stewardship and management needs are examined:

  1. To impart knowledge about and develop a fundamental understanding of the principles and methods in the determination of the cost of activities, products and services;
  2. To heighten critical understanding of the conceptual elements, parameters, strengths and weaknesses of the range of generally accepted costing models;
  3. To reinforce sound reasoning, critical analysis and judicious judgement in the selection and application of relevant conceptual costing models for the various costing, financial reporting and management decision making purposes.
Multi-Term Sequence
Requisites
  • This course is only available to students enrolled in the Master of Professional Accounting, Master of Professional Accounting (Advanced) and Master of Professional Accounting / Master of Business programs.
Assumed Knowledge PACC6000 Financial Accounting 1
Assessment Items
  • Written Assignment: Assignment
  • In Term Test: Mid semester Quiz
  • Formal Examination: Examination
Contact Hours
  • Lecture: for 3 hour(s) per Week for Full Term
Timetable 2015 Course Timetables for PACC6001

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