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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 examines the interface of cost accounting and managerial decision making. Students are introduced to the concepts and processes that underpin the development of cost accounting systems and are taught a range of techniques to analyse and evaluate the cost information captured by these systems. Students investigate the role of cost accounting information in managerial decisions that relate to the efficient and effective management of organisational resources and the creation of customer and shareholder value.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Define costs according to different classification schemes, describe a range of cost behaviour patterns, and calculate and interpret cost estimates derived using a range of techniques
- Design cost allocation systems to meet internal accountability requirements, and interpret the impact of cost allocations on internal performance reports
- Analyse resource flows in different organisation settings and design costing systems to capture critical resource flows
- Calculate product and service costs using a variety of costing systems and cost allocation techniques
- Analyse the impact of costing system choices and cost allocations on pricing, competition, and management decision making
- Explain techniques for the management of costs, time, and quality, to facilitate the effective use of organisational resources
- Analyse and evaluate cost information for the purposes of making a variety of value-based 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 Jennifer Grafton Mode of delivery On Campus (Parkville) Contact hours One 3-hour seminar per week Total time commitment 170 hours Teaching period 26 February 2018 to 27 May 2018 Last self-enrol date 9 March 2018 Census date 31 March 2018 Last date to withdraw without fail 4 May 2018 Assessment period ends 22 June 2018 Semester 1 contact information
- Semester 2
Principal coordinator Mario Schabus Mode of delivery On Campus (Parkville) Contact hours One 3-hour seminar per week Total time commitment 170 hours Teaching period 23 July 2018 to 21 October 2018 Last self-enrol date 3 August 2018 Census date 31 August 2018 Last date to withdraw without fail 21 September 2018 Assessment period ends 16 November 2018 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 Management (Accounting) Course Master of Information Systems Course Master of Information Systems Course Master of Information Systems Informal specialisation 150 Point Master of Management (Accounting) Major MIS Research Specialisation Major MIS Health Specialisation Major MIS Professional 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