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Strategic Cost Management (ACCT90009)
Graduate courseworkPoints: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Semester 2
Overview
Availability | Semester 1 Semester 2 |
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Fees | Look up fees |
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: 3 November 2022
Eligibility and requirements
Prerequisites
ACCT90004 Accounting for Decision Making or equivalent.
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACCT90004 | Accounting for Decision Making |
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Additional details
- 3-hour end-of-semester examination (65%)
- Group assignment (normally in groups of 3-4 students), 3000 word, due late in the semester (20%)
- Five online tests (10 questions each), througout the semester (5 x 2% each, 10% total)
- Class participation, throughout the semester (5%)
Note: Successful completion of this subject requires a pass (50%) on the end of semester exam.
Last updated: 3 November 2022
Dates & times
- Semester 1
Principal coordinator Chung-Yu Hung Mode of delivery On Campus (Parkville) Contact hours One 3-hour seminar per week Total time commitment 170 hours Teaching period 27 February 2017 to 28 May 2017 Last self-enrol date 10 March 2017 Census date 31 March 2017 Last date to withdraw without fail 5 May 2017 Assessment period ends 23 June 2017 Semester 1 contact information
- Semester 2
Principal coordinator Chung-Yu Hung Mode of delivery On Campus (Parkville) Contact hours One 3-hour seminar per week Total time commitment 170 hours Teaching period 24 July 2017 to 22 October 2017 Last self-enrol date 4 August 2017 Census date 31 August 2017 Last date to withdraw without fail 22 September 2017 Assessment period ends 17 November 2017 Semester 2 contact information
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Management (Accounting and Finance) Course Master of Information Systems Course Master of Information Systems Course Master of Information Systems Course Master of Management (Accounting) Course Master of Management (Accounting) Informal specialisation 150 Point Master of Management (Accounting) Major MIS Professional Specialisation Major MIS Research Specialisation Major MIS Health Specialisation - Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 3 November 2022