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Courses Units

Foundations of Managerial Accounting (9517.1)

Level:	Level 1 - Undergraduate Introductory Unit
Credit Points:	3
HECS Bands:	2, 3
Faculty:	Faculty of Business, Government & Law
Discipline:	School of Information Systems & Accounting

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Unit Outlines

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UC Term 1, 2016, ON-CAMPUS, LIFE (155101) - View

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Syllabus

Almost all management decisions deal with the same key issues: cost, price and profit. This unit will examine this sort of decision-making, identifying the tools and methods managers use to make the best-informed decisions possible. It begins with an introduction to the terms that will be referenced in the later units. The unit then covers the various methods and theories that managers deploy when tracking costs and profits. The final section explains how managers report on the overall performance of a firm or department for internal use.

Learning Outcomes

On successful completion of this unit, students will be able to:

1. Identify and compare and contrast financial accounting and managerial accounting in terms of audience, reporting, time frame, and use of information;

2. Describe, analyse, and record transactions of a manufacturing business;

3. Calculate and use cost information to support operating and strategic decisions regarding products, customers and long-term assets;

4. Explain how managerial accounting information facilitates planning, controlling, and decision-making activities;

5. Interpret time value of money calculations to make a capital budgeting decision; and

6. Describe why managerial accounting requires a cross-functional team.