Management Accounting (6375.4)

The unit builds on some concepts and techniques of management accounting introduced in Accounting For Managers. The focus of this unit is how accounting is used internally within organisations. The unit covers the fundamental concepts and tools used by accountants to provide information for management planning and control, and to identify and measure the cost of products and services for performance reporting purposes. Ethical issues related to management accounting profession and practices are embedded throughout the unit.

Learning outcomes

Students who successfully complete this unit will be able to: 1. Explain the role of management accounting in organisations;
2. Apply cost behaviour, estimate cost functions and demonstrate an understanding of issues that arise in estimating costs in practice;
3. Demonstrate basic cost concepts, interpret and apply costing and cost allocation approaches under a variety of decision making settings;
4. Explain and apply a range of management accounting techniques including flexible budgeting, transfer pricing and cost-management approaches to a variety of decision making contexts, including in a decentralised organisation; and
5. Explain and apply different approaches to pricing of products.

Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - take pride in their professional and personal integrity
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
2. UC graduates are global citizens - think globally about issues in their profession
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development

Prerequisites

5617 Accounting for Managers OR 11009 Business Decision Making.

Corequisites

None.

Assumed knowledge

None.