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Strategic Cost Management (ACCT90009)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Year of offer2017
Subject levelGraduate coursework
Subject codeACCT90009
Campus
Parkville
Availability
Semester 1
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

Strategic Cost Management introduces students to the techniques and processes available to assist managers in planning and controlling organisational activities. It deals in depth with the process of identifying, measuring, analysing, interpreting and communicating information to managers in pursuit of the organisations goals. Costs are a primary building block, which students were introduced to in Accounting for Decision Making. This subject takes students beyond the simple context to a far more complex level and provides the technical competence necessary for students to understand the role of cost information in organisations. This course will specifically cover the linkage between cost data and systems and the organisation of activities in a range of manufacturing and service industries; how to match cost systems with activities and resource flows in a range of manufacturing and service activities; how to apply appropriate cost allocation techniques to a variety of costing problems; the development of strategies for managing costs as well as an explanation of the role of cost data in pricing decisions.

Intended learning outcomes

On successful completion of this subject, students should be able to:

  • Describe some of the techniques and process which are available to assist managers in planning and controlling organisational activities;
  • Analyse the processes involved in identifying, measuring, analysing, interpreting and communicating information to managers in pursuit of the organisation's goals;
  • Explain the role of cost information in organisations;
  • Analyse the linkage between cost data and systems and the organisation of activities and resource flows in a range of manufacturing and service activities;
  • Apply appropriate cost allocation techniques to a variety of costing problems;
  • Develop strategies for managing costs;
  • Explain the role of cost data in pricing decisions.

Generic skills

On successful completion of this subject, students should have improved the following generic skills:

  • Evaluation of data;
  • Synthesis of data and theory;
  • Using computer programs, including web-based software;
  • Problem solving;
  • Oral and written communication;
  • Listening to other students with tolerance and engaging in discussion when appropriate.

Last updated: 16 August 2017