ACF5955 Management accounting
Faculty of Business and Economics
ACF5955 Management accounting is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 1 and Semester 2 at Caulfield. It needs ACC5903, ACF5903 or ACF5950 and unlocks 3 units.
- Credit points
- 6
- Offered in 2022
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
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Requisites
Before ACF5955
Prerequisites
Pass these before you enrol.
After ACF5955
3 units list ACF5955 as a prerequisite or corequisite.
Enrolment rules
If students are enrolled in course B6002, there is no prerequisite.
Overview
This unit aims to develop your understanding of the concepts and techniques of management accounting, and skills in the use of management accounting techniques to communicate decision-useful information to management. The unit content includes costing terminology, cost accumulation and recording systems, costing methods for both manufacturing and service-based organisations, how management accounting information informs key product decisions such as pricing and product mix, and the design of budget systems.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| Second semester | Caulfield | Evening |
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment50%
- ExaminationThreshold hurdle50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
apply management accounting principles and techniques to service and manufacturing industry cases
- 2
compare, contrast and demonstrate various costing models
- 3
design budgets and explain the behavioural aspects of different budgeting styles
- 4
examine cost-volume-profit analyses, divisional performance evaluation measures
- 5
develop capabilities to work effectively in a group; and/or demonstrate effective individual research skills to solve management accounting problems and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACF5955.
Workload and teaching
- Lectures18 hours
- Tutorials18 hours
- Teaching approachProblem-based learning
- Teaching approachActive learning
- Teaching approachCase-based teaching
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. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit includes problem-based learning approaches, where students 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.
This unit engages students in actively applying their knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes case-based teaching, where students apply their knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but students need to work together to examine, analyse and make decisions to resolve the situation.
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
The only Faculty approved calculators permitted in tests and examinations for all Australian campuses and locations is the HP10bII+ or Casio FX82 (any suffix).
Contacts
- Chief Examiners
- Mr Paul Yap
- Dr Zhiyun Gong
Common questions
What are the prerequisites for ACF5955?
You need ACC5903, ACF5903 or ACF5950 before you enrol. Enrolment rules also apply.
What can I take after ACF5955?
ACF5955 is a prerequisite or corequisite for 3 units, including ACF5080, ACF5100 and ACF5510.
When is ACF5955 offered?
In 2022, ACF5955 runs in Semester 1 and Semester 2 at Caulfield.
How much work is ACF5955?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ACF5955 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.