This subject is available under ICMS undergraduate degrees, please click the button below to find an undergraduate course for you.
This Management Accounting I subject will enable students to learn the knowledge and skills required of managers who are working in the current complex and diverse business environment. The subject examines costing, cost management, budgeting, forecasting, variance analysis and pricing.
Students will learn a variety of skills to assist in interpretation and presentation of accounting information to various stakeholders. Students will also learn about and practice the processes and techniques of management accounting that focus on the effective and efficient use of organisational resources.
a) Explain the role and purpose of management accounting and ethical considerations in decision making.
b) Discuss the usefulness of various costing methods to inform managerial decision-making.
c) Apply job costing, process costing, activity-based costing techniques to a range of business scenarios.
d) Prepare budgets/forecasts and perform variance analysis to actual results.
e) Explain the impact of cost on pricing and product mix decisions.
Learning outcomes for this subject are assessed using a range of assessment tasks as described in the table below.