Course overview
This course will provide students with an overview of how management accounting information plays a critical role in organisational planning, controlling, decision-making and learning, and will equip students with the conceptual and practical understanding necessary to use and interpret management accounting information. This includes: management accounting information that creates value; cost terms, concepts and behaviour; product costing systems; job and process costing; overhead costs; ABC; budgeting; standard costing: material and labour; tactical decision-making; cost decision-making and product-mix; CVP analysis and product mix; working capital; organisational structures; reporting for management decision making.
Course learning outcomes
- Explain the roles of management accounting in planning, control and decision-making.
- Explain the principles of and differences between the various costing systems used by organisations for control, planning and decision-making and be able to calculate product costs using conventional and contemporary approaches to costing.
- Identify the information needs of and produce financial analyses and reports for management for a range of decisions such as costing, cost estimation, pricing, profitability analysis, product mix, working capital management and outsourcing.
- Develop budgets and long-term financial plans.
- Evaluate types of organisational structures including concepts for responsibility accounting, authority delegation and control.
- Demonstrate UniSA Business Enterprise Skills in the context of the Accounting discipline: i) Teamwork (intermediate level); and ii) Oral Communication (intermediate level).