Document Preview:

Faculty of Arts, Business, Informatics & Education ACCT20053 Issues in Management Accounting What is this course about? This course introduces managerial accounting and enables students to explain its role in efficient resource allocation. Students will be introduced to the traditional and modern approaches to costing for evaluation and effective decision making. The role of management accounting in performance evaluation is addressed in such areas as budgeting, cost-volume-profit analysis, variance analysis, job costing, process costing, activity-based costing, relevant costing, joint costing and by-product costing. What are the expected outcomes of the course? On successful completion of this course, students should be able to: 1. Explain the usefulness of management accounting in a business context to ensure resources are allocated efficiently 2. Analyse the relationships between input costs and output costs in both costing and pricing contexts 3. Analyse the interaction between inventory costs, profit and loss, and balance sheet and explain their relevance to the firm’s financial position 4. Calculate, analyse and explain the different purposes of cost-volume-profit measures of firm performance 5. Identify the principal purposes of budgeting and also of computing budgetary allowances, and explain the significance to business activity 6. Prepare and analyse operating statements and variance analysis against budgets and standards in monitoring firm performance in any given period 7. Examine traditional and modern approaches to costing, and identify the linkage between measures and strategies. When is it offered? 2011 Term Two For those of you taking the course on campus, the schedule will be published at http://timetabling.cqu.edu.au Where is it offered? Brisbane, Flexible Learning, Gold Coast, Melbourne, Sydney How is it assessed? Approved assessment for this course is: Examination 70% Other 30% Assessment 1 30% Assignment ALL What textbooks do I need to obtain?…