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 Decision Making and Strategy|
|College/School||College of Business & Economics
Tasmanian School of Business and Economics
|Coordinator||Doctor Alia Alshamari|Mr Heinrich Oosthuizen|
|Delivered By||University of Tasmania|
|Location||Study period||Attendance options||Available to|
- International students
- Domestic students
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|Study Period||Start date||Census date||WW date||End date|
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
- Critically analyse management and cost accounting theory and techniques, for business planning and control
- Evaluate and critically appraise diverse ethical, environmental, social, and economic perspectives, to management decision making
- Communicate and justify proposals, solutions and recommendations to support management decisions using industry relevant approaches
|Field of Education||Commencing Student Contribution 1,3||Grandfathered Student Contribution 1,3||Approved Pathway Course Student Contribution 2,3||Domestic Full Fee 4|
1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
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||Group Assignment (30%)|Individual assignment (30%)|Exam (40%)|
|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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