ACS2770 Cost and management accounting A
Faculty of Business and Economics
ACS2770 Cost and management accounting A is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 and Semester 2 at South Africa. It needs ACS1000 and unlocks 1 unit.
- Credit points
- 6
- Offered in 2020
- Semester 1, Semester 2
- South Africa
- Assessment
- Exam 60%
- and 3 other tasks
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2021 entry.
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Requisites
Before ACS2770
Prerequisites
Pass these before you enrol.
After ACS2770
1 unit list ACS2770 as a prerequisite or corequisite.
Overview
This unit is an introduction to cost and management accounting. Topics include basic terms and concepts, classification and behaviour of costs, recording product cost transactions for manufacturing firms, process costing, overhead costs, cost-volume-profit analysis, standard costing, spoilage and waste, apportioning joint costs for multiple products, activity-based costing, pricing and product mix decisions, risk and uncertainty and information for management decisions.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | South Africa | On campus |
| Second semester | South Africa | On campus |
Assessment
- Within semester assessment15%
- Objective tests and homework10%
- Within semester assessment15%
- ExaminationThreshold hurdle60%
Learning outcomes
When you finish this unit, you should be able 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
identify aspects broader than only financial aspects (such as environmental, social, economic and governance) in decision making
- 6
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 ACS2770.
Workload and teaching
- Lectures24 hours
- Tutorials12 hours
- Teaching approachActive 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.
Lecture and tutorials or problem classes
This teaching and learning approach provides facilitated learning, practical exploration and peer learning.
You will have one two-hour lecture, as well as one one-hour tutorial class per week.
During the lecture classes, we work through the basic theory and also do some practical examples.
During the tutorial classes, we work through questions and case studies in small groups.
We also make use of peer assisted learning techniques and will make use of multi modal teaching methods.
Learning resources
Required resources
Brewer, P., Garrison, R., & Noreen, E. (2019). Introduction to management accounting (8th ed.). McGraw-Hill
Technology resources
Virtual learning environment (VLE): Moodle
Material used in class together with other information of importance to you will be published online via the unit’s Moodle site. In order to access information about this unit in Moodle you must be enrolled in the unit and have a valid student account with authcate username and password. Moodle can be accessed through my.monash portal by clicking on the Moodle link under “Online systems”. If you need some help with Moodle then check out the Moodle Support for Students page.
Contacts
- Chief Examiners
- Ms Magda Odendaal
Common questions
What are the prerequisites for ACS2770?
You need ACS1000 before you enrol.
What can I take after ACS2770?
ACS2770 is a prerequisite or corequisite for 1 unit, including ACS3750.
When is ACS2770 offered?
In 2020, ACS2770 runs in Semester 1 and Semester 2 at South Africa.
How much work is ACS2770?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ACS2770 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 3 other tasks.
More details
- Credit points
- 6
- Level
- 2
- Study level
- Undergraduate
- Faculty
- Faculty of Business and Economics
- Organisational unit
- Department of Accounting
- Type
- Coursework
- EFTSL
- 0.125
- Student contribution
- SCA Band 3
- Study abroad
- Not available
- Handbook years
- 20202021