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 2023 in Semester 1 and Semester 2 at Caulfield. It needs ACX5903 or ACF5950 and unlocks 2 units.
- Credit points
- 6
- Offered in 2023
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
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Requisites
Before ACF5955
Prerequisites
Pass these before you enrol.
After ACF5955
2 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 2023
| 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 approachCase-based teaching
- 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. 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 case-based teaching, where you apply your 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 you need to work together to examine, analyse and make decisions to resolve the situation.
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.
Contacts
- Chief Examiners
- Dr Zhiyun Gong
- Mr Paul Yap
Common questions
What are the prerequisites for ACF5955?
You need ACX5903 or ACF5950 before you enrol. Enrolment rules also apply.
What can I take after ACF5955?
ACF5955 is a prerequisite or corequisite for 2 units, including ACF5100 and ACF5510.
When is ACF5955 offered?
In 2023, 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.