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
Specific information on 2027 unit availability will be available in August
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
2027 fee information will be available in August.
Teaching
| Teaching Pattern | On-campus: 12 x 1-hour on-campus workshops Off-campus: Workshop recordings and interactive online webinars. |
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| Assessment | Individual Assignment (30%)|Individual Case Study (30%)|Exam (40%) |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
You will need the following text [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. |
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| Recommended | The essential prescribed readings are indicated in the unit schedule. |
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