units

AFW2020

Faculty of Business and Economics

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Monash University Handbook 2010 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

LevelUndergraduate
FacultyFaculty of Business and Economics
OfferedBerwick First semester 2010 (Day)
Gippsland First semester 2010 (Day)
Gippsland First semester 2010 (Off-campus)
Gippsland Second semester 2010 (Off-campus)
Sunway First semester 2010 (Day)
Sunway Second semester 2010 (Day)
Singapore First semester 2010 (Off-campus)
Peninsula First semester 2010 (Day)
South Africa First semester 2010 (Day)

Synopsis

Introduction to management accounting. Topics include: basic terms and concepts, classification and behaviour of costs, recording product cost transactions for manufacturing firms, joint and by-product spoilage and waste, apportioning joint costs for multiple products, activity-based costing and information for management decisions.

Objectives

The learning goals associated with this unit are to:

  1. describe cost behaviour under different assumptions
  2. compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions
  3. apply conventional and contemporary cost management techniques used in manufacturing and service industries
  4. explain the benefits and limitations of contemporary cost management techniques
  5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by AFW2020.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Aniza Zainol

Contact hours

One 2-hour lecture and one 1-hour tutorial per week

Prerequisites

AFW1002

Prohibitions

AFC2131, AFF2391