|| AC30110 |
|| MANAGEMENT ACCOUNTING 1: FUNDAMENTAL CONCEPTS |
|| 2003/2004 |
|| Ms Jennifer R Lane |
|| Semester 1 |
|| AC10120 |
| Course delivery
|| Lecture || 16 Hours |
|| Seminars / Tutorials || 5 Hours |
|Assessment Type||Assessment Length/Details||Proportion|
|Semester Exam||2 Hours ||80%|
|Semester Assessment|| ||20%|
|Supplementary Exam||3 Hours ||100%|
Learning outcomesOn successful completion of this module students should be able to:
UNDERSTAND HOW COSTS ARE CONSTRUCTED VIA THE ORGANISATION AND SELECTION OF COSTING INFORMATION, AND THE APPLICATION OF COSTING TECHNIQUES FOR ACCOUNTABILITY AND PERFORMANCE MANAGEMENT.
STUDENTS WILL ALSO HAVE GAINED AN UNDERSTANDING OF SOME OF THE BEHAVIOURAL ASPECTS OF MANAGEMENT ACCOUNTING.
This module focuses on two aspects of accounting which support the exercise of management control:
? Cost management
1. Management accounting as a control mechanism ? behavioural considerations.
2. Cost classification.
3. Costing ? dealing with overheads using:
a. Absorption costing.
b. Marginal costing
c. Activity-based costing
4. Cost accounting ? job costing and process costing.
5. Effect of costing methods on stock valuation and profit.
6. Aspects of performance management.
** Recommended Text
Drury, C (2000) Management and Cost Accounting
5th edition. International Thomson Business Press
** Supplementary Text
Lucey, T (1996) Costing
5th edition. DP Publications
Horngren, C; Bhimani A; Foster, G; Datar, M (1999) Management and Cost Accounting
This module is at CQFW Level 6