Faculty of Business and Economics

Undergraduate - Unit

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting and Finance
OfferedGippsland First semester 2013 (Day)
Gippsland First semester 2013 (Off-campus)
Gippsland Second semester 2013 (Off-campus)
Coordinator(s)Dr Andrew West


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.


The learning goals associated with this unit are to:

  1. explain how costing systems and cost behaviour patterns provide information to support operational and strategic decisions.
  2. compare job, process and hybrid costing methods as alternative approaches to support management decisions.
  3. examine the differences between conventional and contemporary approaches to overhead allocation.
  4. Analyse short-run tactical decisions using appropriate costing techniques.
  5. develop capabilities to work effectively in a group; and/or demonstrate effective individual research skills to produce professional quality reports to solve organisational related problems; and/or deliver a professional quality presentation; and/or develop oral communication skills and demonstrate independent thinking through contributions to class discussions; and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by AFG2020.


Within semester assessment: 40%
Examination: 60%

Chief examiner(s)


Students must have passed AFW1002 or AFG1002 before undertaking this unit.