ACB2220 Management accounting 1
Faculty of Business and Economics
ACB2220 Management accounting 1 is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2025 in Semester 1 at Peninsula. It needs ACC1001, ACF1001, ACX1001, ACB1020, ACB1120, ACF1100, ACW1120, ACX1100 or ACC1100 and unlocks 4 units, leading on to 5 units in all.
- Credit points
- 6
- Offered in 2025
- Semester 1
- Peninsula
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2025 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ACB2220
Prerequisites
Pass these before you enrol.
- ACC1001Accounting fundamentalsNo reviews yet
- ACF1001Accounting fundamentalsNo reviews yet
- ACX1001Accounting fundamentalsNo reviews yet
- ACB1020Accounting in businessNo reviews yet
- ACB1120Financial accounting 1No reviews yet
- ACF1100Introduction to financial accountingNo reviews yet
- ACW1120Financial accounting 1No reviews yet
- ACX1100Introduction to financial accountingNo reviews yet
- ACC1100Introduction to financial accountingNo reviews yet
Prohibitions
You can't enrol if you have passed any of these.
After ACB2220
4 units list ACB2220 as a prerequisite or corequisite.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 11 level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This introductory management accounting unit focuses on the types of cost information that can be produced to assist managers and other employees within organisations in planning and control, and in decision-making. Topics include: costs and cost behaviour, product costing, service costing, cost allocation techniques, cost-volume-profit analysis, and the use of cost information for management decisions.
Offerings in 2025
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Peninsula | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
classify costs dependent on the context and purpose of related decisions
- 2
analyse cost behaviour and estimate costs
- 3
design, use and evaluate costing systems
- 4
analyse and use cost information relevant to decision-making
- 5
apply critical thinking, problem solving and communication skills to individual and/or group activities to demonstrate a comprehensive understanding of the topics covered in the unit.
Workload and teaching
- Lectures12 hours
- Tutorials24 hours
- Teaching approachActive learning
- Teaching approachProblem-based learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Learning resources
Required resources
Langfield-Smith, K., Smith, D., Andon, P. & Thorne, H. (2022) , Management Accounting: Information for creating and managing value, 9th Edition. McGraw Hill
Technology resources
There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.
Where it fits
ACB2220 is part of 2 areas of study in the 2025 handbook.
Contacts
- Chief Examiners
- Dr Xuan Zhang
Common questions
What are the prerequisites for ACB2220?
You need ACC1001, ACF1001, ACX1001, ACB1020, ACB1120, ACF1100, ACW1120, ACX1100 or ACC1100 before you enrol. Enrolment rules also apply.
What can I take after ACB2220?
ACB2220 is a prerequisite or corequisite for 4 units, including ACB3220, ACC3200, ACF3200 and ACW3220. Those lead on to 5 units in all.
When is ACB2220 offered?
In 2025, ACB2220 runs in Semester 1 at Peninsula.
How much work is ACB2220?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ACB2220 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ACB2220?
ACB2220 is part of Accountancy.