In this unit we explore the key functions fulfilled by managerial and cost accounting. The primary purpose of managerial and cost accounting is to provide relevant information to managers within an organisation. Managerial accounting can be thought of as the informal language used within the organisation to facilitate planning, control, coordination and performance assessment. Decision contexts can vary from the broad strategic planning and resource allocation decisions made at corporate or divisional level, to the more specific cost and performance information necessary to monitor individual products, customers or segments. The ultimate measure of success is whether or not internal decision making has been improved as a result of the relevance, quality and timeliness of information provided by the management accounting function.
|Unit name||Management and Cost Accounting|
|College/School||College of Business & Economics
Tasmanian School of Business and Economics
|Discipline||Accounting and Accountability|
|Coordinator||Mrs Alia Alshamari|
|Delivered By||University of Tasmania|
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- Distinguish management and cost accounting theory and practice in contemporary Australian business
- Propose solutions using management accounting theory and practice to contemporary business challenges
- Evaluate diverse environmental, social, and governance perspectives to accounting decision-making in individual and team context
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On-campus: 4 x 3-hour on-campus workshops (in addition a 1-hour orientation workshop will be held in week 1)
Off-campus: Workshop recordings and interactive online webinars.
|Assessment||Exam (40%)|Presentation (15%)|Group Case Study (30%)|Letter of Response (15%)|
|Timetable||View the lecture timetable | View the full unit timetable|
You will need the following text [available from the Co-op Bookshop]:
Horngren, CT, Datar, SM, Rajan, MV, Maguire &Tan, R 2017, Cost Accounting: A Managerial , 3rdAustralian Edn, Pearson Australia, Melbourne, VIC
This highly regarded text has been prepared for an Australasian audience with local case studies and Australasian standards. Other editions of this textbook are not recommended for studying BFA612
The essential prescribed readings are indicated in the unit schedule on the last page of the unit outline.
|Links||Booktopia textbook finder|
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