Courses & Units

Management Decision Making and Strategy BFA612

Melbourne Study Centre, Hobart, Launceston, Online

Introduction

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.

Environmental management accounting (EMA) extends these principles by integrating environmental costs and benefits into the decision-making process. EMA enables organisations to assess the impact of their activities on the environment, optimise resource use, and incorporate sustainability into their performance measurement systems. The ultimate measure of success for both managerial and environmental accounting lies in their ability to improve internal decision-making through the relevance, quality, and timeliness of the information they provide, while also addressing environmental and sustainability goals. 

Summary

Unit name Management Decision Making and Strategy
Unit code BFA612
Credit points 12.5
College/School Tasmanian School of Business and Economics
Discipline Accounting
Coordinator Doctor Alia Alshamari
Delivered By University of Tasmania
Level Postgraduate

Sustainable Development Goals

The Unit Coordinator has identified that this unit aligns with the following UN Sustainable Development Goals. We welcome your thoughts and feedback on the alignment of the unit with these goals.

Availability

Location Study period Attendance options Available to
Melbourne Study Centre Semester 2 On-Campus International
Hobart Semester 2 On-Campus International Domestic
Launceston Semester 2 On-Campus International Domestic
Online Semester 2 Off-Campus International Domestic

Key

On-campus
Off-Campus
International students
Domestic students
Note

Please check that your computer meets the minimum System Requirements if you are attending via Distance/Off-Campus.

Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.

Key Dates

Study Period Start date Census date WW date End date
Semester 2 21/7/2025 19/8/2025 8/9/2025 26/10/2025

* 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 2025 are indicative and subject to change. Finalised census dates for 2025 will be available from the 1st October 2024. Note census date cutoff is 11.59pm AEST (AEDT during October to March).

About Census Dates

Learning Outcomes

  • 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

Fee Information

Field of Education Commencing Student Contribution 1,3 Grandfathered Student Contribution 1,3 Approved Pathway Course Student Contribution 2,3 Domestic Full Fee 4
080101 $2,124.00 $1,663.00 not applicable $3,128.00
  • Available as a Commonwealth Supported Place
  • HECS-HELP is available on this unit, depending on your eligibility3
  • FEE-HELP is available on this unit, depending on your eligibility4

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.

If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.

Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.

Teaching

Teaching Pattern

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.

AssessmentOral Presentation (30%)|Group Assignment (35%)|Individual assignment (35%)
TimetableView the lecture timetable | View the full unit timetable

Textbooks

Required

You will need the following text [available from the Co-op Bookshop or the e-book can be purchased online]:

Horngren, CT, Datar, SM, Rajan, MV, Maguire &Tan, R 2017, Cost Accounting: A Managerial Emphasis, 3rd  Australian 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.

Recommended

The essential prescribed readings are indicated in the unit schedule on the last page of the unit outline.

The University reserves the right to amend or remove courses and unit availabilities, as appropriate.