BUSN7031 Management Accounting and Cost Analysis

Offered By	School of Accounting & Business Info Systems
Academic Career	Graduate Coursework
Course Subject	Business
Offered in	First Semester, 2009, Second Semester, 2009, First Semester, 2010, and Second Semester, 2010
Unit Value	6 units
Course Description	This course provides students with an appreciation of management accounting concepts related to the management functions of decision making, planning and control. The course introduces a range of management accounting tools, including variance analysis, contibution margin analysis, activity analysis, cost of quality analysis, and cost estimation using regression analysis. Students are introduced to the application of management accounting tools for budgetry control pricing and transfer pricing, cost allocation, performance evaluation and quality control. During this course students should: learn important fundamentals and tools of management accounting, including technical aspectscost accounting and behavioural responses to management accounting information; examine links between management accounting and decision making, planning and control; understand the relationship between management accounting and performance management;consider the relationship between management accounting and strategy; and learn to be open to new developments in management accounting knowledge and techniques and how to assess these through cost-benefit analysis.
Learning Outcomes	Specific aims are to: be familiar with a range of management accounting tools, including: variance analysis; contribution margin analysis; activity analysis; costs of quality analysis; life cycle analysis; cost estimation using regression analysis; know how to apply management accounting tools for the following purposes: budgetary control; pricing and transfer pricing; cost allocation; performance evaluation; quality control; appraise the costs and benefits of different conventional and modern costing systems (eg. absorption and variable costing, standard costing, activity-based costing); apply management accounting information to quality decisions, and analyse the relevant costs of quality and trade-offs between them; and appreciate the need for a balance between financial and non-financial information in decision making, control and performance evaluation applications of management accounting.
Indicative Assessment	Mid-semester Examination (1.5 hours) 20% Assignment 20% Final Examination (3 hours) 60% Total 100%
Workload	5 hours per week
Course Classification(s)	SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation. and TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses.
Areas of Interest	Accounting and Commerce
Eligibility	At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree
Requisite Statement	Prerequisite: BUSN7008 Financial Statements and Reporting.
Incompatibility	Incompatible with BUSN2011 Management Accounting
Prescribed Texts	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/BUSN7031.pdf
Preliminary Reading	See Course Outline: http://ecocomm.anu.edu.au/courses/outline/BUSN7031.pdf
Programs	Graduate Certificate in Accounting, Graduate Certificate in Accounting, Master of Accounting, Master of Business, Master of Business, Master of Commerce, Master of Commerce, and Master of Professional Accounting
Other Information	For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=BUSN7031
Academic Contact	See http://ecocomm.anu.edu.au/courses/course.asp?code=BUSN7031

The information published on the Study at ANU 2009 website applies to the 2009 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2008 website.