|Year of offer||2018|
|Subject level||Undergraduate Level 2|
|Fees||Subject EFTSL, Level, Discipline & Census Date|
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.
• 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.