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ACS2770: Cost and management accounting A

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate – Unit

Refer to the specific census and withdrawal datesfor the semester(s) in which this unit is offered.

Faculty

Business and Economics

Offered

South Africa

  • First semester 2018 (On-campus)
  • Second semester 2018 (On-campus)
  • Term 3 2018 (On-campus)

Prerequisites

ACS1002 or equivalent.

Prohibitions

AFW2020, ACW2020 or AFS2770

Synopsis

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.

Outcomes

The learning goals associated with this unit are 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.

Assessment

Within semester assessment: 40% + Examination: 60%

Workload requirements

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.

Chief examiner(s)

Ms Magda Odendaal

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