Cost Management (ACCT20001)

Undergraduate level 2Points: 12.5On Campus (Parkville)

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Overview

Availability
Semester 1
Semester 2
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This subject explores the design and implementation of cost management systems in a variety of organisational contexts. As well as emphasising technical expertise in the development of these systems, this subject also considers the use of cost system information in management decision making, specifically for the purposes of effective management of organisational resources and the creation of customer and shareholder value.

Intended learning outcomes


  • Describe a range of cost behaviour patterns and estimate costs using a range of sophisticated cost estimation techniques;
  • Calculate product and service costs using a variety of costing systems and cost allocation techniques;
  • Describe the link between resource flows and activities;
  • Discuss the implications of resource flow patterns for the design of costing systems in a range of organisational contexts;
  • Explain techniques for the management of costs 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

• High level of development: problem solving; interpretation and analysis; synthesis of data and other information; evaluation of data and other information.
• Moderate level of development: written communication; oral communication; team work; collaborative learning; application of theory to practice; critical thinking; receptiveness to alternative ideas.
• Some level of development: use of computer software; accessing data and other information from a range of sources; statistical reasoning.

Last updated: 9 April 2025

Eligibility and requirements

Prerequisites

Both of the following:

Code Name Teaching period Credit Points
ACCT10001 Accounting Reports and Analysis
Semester 2 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
 12.5
ACCT10002 Introductory Financial Accounting
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

None

Recommended background knowledge

Please refer to Prerequisites and Corequisites.

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: 9 April 2025

Assessment

Additional details

  • A 3-hour end-of-semester examination (70%)
  • A 1-hour mid-semester test (20%)
  • Tutorial preparation and participation (10%)
  • To pass this subject students must pass the end of semester examination.

Last updated: 9 April 2025

Dates & times

  • Semester 1
    Principal coordinatorAlbie Brooks
    Mode of deliveryOn Campus (Parkville)
    Contact hoursOne 2-hour lecture and a 1-hour tutorial per week.
    Total time commitment170 hours
    Teaching period 4 March 2019 to 2 June 2019
    Last self-enrol date15 March 2019
    Census date31 March 2019
    Last date to withdraw without fail10 May 2019
    Assessment period ends28 June 2019

    Semester 1 contact information

    albieb@unimelb.edu.au

  • Semester 2
    Principal coordinatorSujay Nair
    Mode of deliveryOn Campus (Parkville)
    Contact hoursOne 2-hour lecture and a 1-hour tutorial per week.
    Total time commitment170 hours
    Teaching period29 July 2019 to 27 October 2019
    Last self-enrol date 9 August 2019
    Census date31 August 2019
    Last date to withdraw without fail27 September 2019
    Assessment period ends22 November 2019

    Semester 2 contact information

    sujay.nair@unimelb.edu.au

Time commitment details

170 Hours

Last updated: 9 April 2025

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • Breadth options

    This subject is available as breadth in the following courses:

  • 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.

    Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants

    Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.

  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 9 April 2025