Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
ACS1002 or equivalent.
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.
The learning goals associated with this unit are to:
Within semester assessment: 40% + Examination: 60%
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.