Skip to Content

ACC00714 - Managerial Accounting (2018)

2014 | 2015 | 2016 | 2017 | 2018

Availabilities:

LocationDomesticInternational
Gold Coast Session 2 Session 2
Melbourne N/A Session 2
Online Session 2 Session 2
Perth N/A Session 2
Sydney N/A Session 2

Unit aim

Introduces students to the various accounting systems that facilitate internal management planning, decision making and control. Specific attention will be given to such topics as various costing systems and their relevance to the particular firm and the particular industry; the analysis and presentation of data for the solving of specific problems created by such things as departments, branches and the devolution of control; transfer pricing and the particular type of industrial activity undertaken.

Unit content

Topic 1: The role of management accounting and cost terminology
Topic 2: Cost-volume-profit (CVP) analysis
Topic 3: Product costing - traditional and contemporary
Topic 4: Process costing                                                                                                                                  
Topic 5: Cost allocation and joint product costing
Topic 6: Budgeting
Topic 7: Variance analysis
Topic 8: Strategy, balanced scorecard and quality
Topic 9: Inventory management
Topic 10: Management of decentralised organisations and transfer pricing

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

Learning outcomes and graduate attributes

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
On completion of this unit, students should be able to: GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 discuss the accountant's role in the organisation including management functions and professional ethics and utilise cost-volume-profit relationships as an aid to decision making
2 calculate product/service costs in both job cost and process cost environments including activity-based costing (ABC)
3 discuss various methods of allocating indirect and support department costs and describe current trends occurring in organisations' cost allocation practices, apply alternative approaches to allocating joint costs in a joint-cost environment
4 explain the role of budgets and standards and prepare master budget and explain the concept of standard costing, prepare flexible budgets, and calculate detailed variances
5 recognise which strategies an organisation is using and describe a balanced scorecard approach to manage the implementation of those strategies
6 discuss inventory management, balance ordering costs with carrying costs using EOQ model and use a supply-chain approach to inventory and production management
7 explain responsibility accounting, use transfer pricing in a decentralised organisation, and evaluate different methods used to calculate transfer prices.

On completion of this unit, students should be able to:

  1. discuss the accountant's role in the organisation including management functions and professional ethics and utilise cost-volume-profit relationships as an aid to decision making
    • GA1: Intellectual rigour
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills
  2. calculate product/service costs in both job cost and process cost environments including activity-based costing (ABC)
    • GA1: Intellectual rigour
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills
  3. discuss various methods of allocating indirect and support department costs and describe current trends occurring in organisations' cost allocation practices, apply alternative approaches to allocating joint costs in a joint-cost environment
    • GA1: Intellectual rigour
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills
  4. explain the role of budgets and standards and prepare master budget and explain the concept of standard costing, prepare flexible budgets, and calculate detailed variances
    • GA1: Intellectual rigour
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills
  5. recognise which strategies an organisation is using and describe a balanced scorecard approach to manage the implementation of those strategies
    • GA1: Intellectual rigour
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills
  6. discuss inventory management, balance ordering costs with carrying costs using EOQ model and use a supply-chain approach to inventory and production management
    • GA1: Intellectual rigour
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills
  7. explain responsibility accounting, use transfer pricing in a decentralised organisation, and evaluate different methods used to calculate transfer prices.
    • GA1: Intellectual rigour
    • GA2: Creativity
    • GA3: Ethical practice
    • GA6: Communication and social skills

Prescribed texts

Session 2

  • Prescribed text information is not currently available.

Prescribed texts may change in future study periods.

Teaching and assessment

Gold Coast

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Calculations and short written response 25%
Calculations and short written response 25%
Exam: closed book 50%

Melbourne

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Calculations and short written response 25%
Calculations and short written response 25%
Exam: closed book 50%

Online

Teaching method
Lecture online 1 hour (12 weeks)
Assessment
Calculations and short written response 25%
Calculations and short written response 25%
Exam: closed book 50%

Perth

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Calculations and short written response 25%
Calculations and short written response 25%
Exam: closed book 50%

Sydney

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Calculations and short written response 25%
Calculations and short written response 25%
Exam: closed book 50%

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

From the 1st of June, 2017, the term 'Distance Education' has been replaced with 'Online'

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2018 Commonwealth Supported only. Student contribution band: 3

Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees

International

Please check the international course and fee list to determine the relevant fees.