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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 (login required)(opens in new window)
Contact information
Semester 1
Semester 2
Overview
Availability | Semester 1 Semester 2 |
---|---|
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: 22 February 2024
Eligibility and requirements
Prerequisites
Admission into one of the following: MC-MGMTAFN Master of Management (Accounting and Finance), 150pt Program course entry point in the MC-MGMTACT Master of Management (Accounting)
OR
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ACCT90004 | Accounting for Decision Making |
Summer Term (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
Semester 2 (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: 22 February 2024
Assessment
Description | Timing | Percentage |
---|---|---|
3-hour end-of-semester examination
| During the examination period | 55% |
Group assignment (normally in groups of 3-4 students), 3000 words, due late in the semester (25%)
| Late in the teaching period | 25% |
Online tests, throughout the semester (5 x 2% each, 10% total), first half of semester and second half of semester
| Throughout the teaching period | 10% |
Class participation | Throughout the semester | 10% |
Last updated: 22 February 2024
Dates & times
- Semester 1
Principal coordinator Chung-Yu Hung Mode of delivery On Campus (Parkville) Contact hours One 3-hour lecture in week one and week twelve, one 90-minute lecture in weeks two to eleven and a 90-minute seminar in week three to twelve Total time commitment 170 hours Teaching period 26 February 2024 to 26 May 2024 Last self-enrol date 8 March 2024 Census date 3 April 2024 Last date to withdraw without fail 3 May 2024 Assessment period ends 21 June 2024 Semester 1 contact information
- Semester 2
Mode of delivery On Campus (Parkville) Contact hours One 3-hour lecture in week one and week twelve, one 90-minute lecture in weeks two to eleven and a 90-minute seminar in week three to twelve Total time commitment 170 hours Teaching period 22 July 2024 to 20 October 2024 Last self-enrol date 2 August 2024 Census date 2 September 2024 Last date to withdraw without fail 20 September 2024 Assessment period ends 15 November 2024 Semester 2 contact information
Time commitment details
Estimated total time commitment of 170 hours per semester
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Last updated: 22 February 2024
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) - 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.
- 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: 22 February 2024