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
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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).
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. |
|---|---|
| Assessment | Oral Presentation (30%)|Group Assignment (35%)|Individual assignment (35%) |
| Timetable | View 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.