COST ACCOUNTING AND DECISION MAKING

ACC2CAD

2018

Credit points: 15

Subject outline

Cost accounting provides organisations with internal financial and non-financial information required for the three functions of planning, controlling and decision making. This subject enables you to develop an understanding of the elements of cost and management accounting and the way in which cost information is used in undertaking these functions within the context of a modern business concern. The subject examines the nature and behaviour of product cost information and you should be able to apply your understanding of this to decision-making situations using both a quantitative and a qualitative approach.


SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorEsin Ozdil

Available to Study Abroad StudentsYes

Subject year levelYear Level 2 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ACC1AMD

Co-requisitesN/A

Incompatible subjects ACC2IMA

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsManagement Accounting: Information for creating & managing valuePrescribedLangfield-Smith, K., Thorne, H., Smith, D., and Hilton, R.W., 7th ed., (2015)McGraw-Hill

Graduate capabilities & intended learning outcomes

01. Describe different cost classifications with relevant examples and explain why different cost classifications are required for different purposes.

Activities:
Watch introduction video and technical demonstration, complete online quiz and homework and attend workshop.
Related graduate capabilities and elements:
Discipline -Specific Knowledge and Skills

02. Compare and contrast three different approaches to calculating manufacturing overhead and apply those approaches in their most appropriate scenarios.

Activities:
Watch introduction video and technical demonstration, complete online quiz and homework and attend workshop.
Related graduate capabilities and elements:
Literacies and Communication Skills

03. Apply the steps of cost accumulation during production/service processes and calculate product/service costs under job costing and process costing settings.

Activities:
Watch introduction video and technical demonstration, complete online quiz and homework and attend workshop.
Related graduate capabilities and elements:
Literacies and Communication Skills

04. Explain the differences between absorption and variable costing and reflect on their different usages.

Activities:
Watch introduction video and technical demonstration, complete online quiz and homework and attend workshop.
Related graduate capabilities and elements:
Inquiry and Analytical Skills

05. Differentiate relevant information and irrelevant information under various business decision scenarios, evaluate and apply the right techniques to solve business problems.

Activities:
Watch introduction video and technical demonstration, complete online quiz and homework and attend workshop.
Related graduate capabilities and elements:
Inquiry and Analytical Skills

06. Be a responsible and active learner by engaging in teaching and learning activities, connect knowledge with real business situations and develop relevant graduate capabilities.

Activities:
Discuss online quiz results, study business cases, relate classroom learning to real practices and develop graduate capabilities.
Related graduate capabilities and elements:
Inquiry and Analytical Skills

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2018, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorEsin Ozdil

Class requirements

WorkShop Week: 10 - 22
One 2.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 3-hour final examinationTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment. This assessment will report on the Graduate Capabilities of Quantitative Literacy and Critical Thinking60 02, 03, 04, 05
Six, Weekly QuizzesSix online quizzes from Week 2 to Week 11. The best four marks will be recorded. Broadly equivalent to 500 words.20 02, 03
Individual, Workshop Assessment (Equivalent to 1000 words)Case study with open-ended and calculation-based questions to help students relate what is learnt in the classroom in relation to business practices. This assessment will report on the Graduate Capabilities of: Inquiry/Research and Discipline Specific Knowledge and Skills.20 01, 06

Bendigo, 2018, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorEsin Ozdil

Class requirements

WorkShop Week: 10 - 22
One 2.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 3-hour final examinationTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment. This assessment will report on the Graduate Capabilities of Quantitative Literacy and Critical Thinking60 02, 03, 04, 05
Six, Weekly QuizzesSix online quizzes from Week 2 to Week 11. The best four marks will be recorded. Broadly equivalent to 500 words.20 02, 03
Individual, Workshop Assessment (Equivalent to 1000 words)Case study with open-ended and calculation-based questions to help students relate what is learnt in the classroom in relation to business practices. This assessment will report on the Graduate Capabilities of: Inquiry/Research and Discipline Specific Knowledge and Skills.20 01, 06

Dandenong, 2018, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorEsin Ozdil

Class requirements

WorkShop Week: 31 - 43
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 3-hour final examinationTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment. This assessment will report on the Graduate Capabilities of Quantitative Literacy and Critical Thinking60 02, 03, 04, 05
Six, Weekly QuizzesSix online quizzes from Week 2 to Week 11. The best four marks will be recorded. Broadly equivalent to 500 words.20 02, 03
Individual, Workshop Assessment (Equivalent to 1000 words)Case study with open-ended and calculation-based questions to help students relate what is learnt in the classroom in relation to business practices. This assessment will report on the Graduate Capabilities of: Inquiry/Research and Discipline Specific Knowledge and Skills.20 01, 06

Dandenong, 2018, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorEsin Ozdil

Class requirements

WorkShop Week: 10 - 22
One 2.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 3-hour final examinationTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment. This assessment will report on the Graduate Capabilities of Quantitative Literacy and Critical Thinking60 02, 03, 04, 05
Six, Weekly QuizzesSix online quizzes from Week 2 to Week 11. The best four marks will be recorded. Broadly equivalent to 500 words.20 02, 03
Individual, Workshop Assessment (Equivalent to 1000 words)Case study with open-ended and calculation-based questions to help students relate what is learnt in the classroom in relation to business practices. This assessment will report on the Graduate Capabilities of: Inquiry/Research and Discipline Specific Knowledge and Skills.20 01, 06

Melbourne, 2018, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorEsin Ozdil

Class requirements

WorkShop Week: 11 - 22
One 2.0 hours workshop per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.
"Case study and group work will be conducted during the workshops to help students develop their graduate capabilities and relate what they learn in classroom to business practices."

Lecture Week: 10 - 10
One 1.0 hours lecture per study period on weekdays during the day from week 10 to week 10 and delivered via face-to-face.
"Only in the first week. The blended learning style and expectations on students will be communicated during the first lecture."

Assessments

Assessment elementComments% ILO*
One 3-hour final examinationTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment. This assessment will report on the Graduate Capabilities of Quantitative Literacy and Critical Thinking60 02, 03, 04, 05
Six, Weekly QuizzesSix online quizzes from Week 2 to Week 11. The best four marks will be recorded. Broadly equivalent to 500 words.20 02, 03
Individual, Workshop Assessment (Equivalent to 1000 words)Case study with open-ended and calculation-based questions to help students relate what is learnt in the classroom in relation to business practices. This assessment will report on the Graduate Capabilities of: Inquiry/Research and Discipline Specific Knowledge and Skills.20 01, 06

Melbourne, 2018, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorEsin Ozdil

Class requirements

WorkShop Week: 31 - 43
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"One-2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 3-hour final examinationTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment. This assessment will report on the Graduate Capabilities of Quantitative Literacy and Critical Thinking60 02, 03, 04, 05
Six, Weekly QuizzesSix online quizzes from Week 2 to Week 11. The best four marks will be recorded. Broadly equivalent to 500 words.20 02, 03
Individual, Workshop Assessment (Equivalent to 1000 words)Case study with open-ended and calculation-based questions to help students relate what is learnt in the classroom in relation to business practices. This assessment will report on the Graduate Capabilities of: Inquiry/Research and Discipline Specific Knowledge and Skills.20 01, 06

Mildura, 2018, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorEsin Ozdil

Class requirements

WorkShop Week: 10 - 22
One 2.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"One-2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 3-hour final examinationTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment. This assessment will report on the Graduate Capabilities of Quantitative Literacy and Critical Thinking60 02, 03, 04, 05
Six, Weekly QuizzesSix online quizzes from Week 2 to Week 11. The best four marks will be recorded. Broadly equivalent to 500 words.20 02, 03
Individual, Workshop Assessment (Equivalent to 1000 words)Case study with open-ended and calculation-based questions to help students relate what is learnt in the classroom in relation to business practices. This assessment will report on the Graduate Capabilities of: Inquiry/Research and Discipline Specific Knowledge and Skills.20 01, 06

Shepparton, 2018, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorEsin Ozdil

Class requirements

WorkShop Week: 10 - 22
One 2.0 hours workshop per week on weekdays at night from week 10 to week 22 and delivered via face-to-face.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 3-hour final examinationTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment. This assessment will report on the Graduate Capabilities of Quantitative Literacy and Critical Thinking60 02, 03, 04, 05
Six, Weekly QuizzesSix online quizzes from Week 2 to Week 11. The best four marks will be recorded. Broadly equivalent to 500 words.20 02, 03
Individual, Workshop Assessment (Equivalent to 1000 words)Case study with open-ended and calculation-based questions to help students relate what is learnt in the classroom in relation to business practices. This assessment will report on the Graduate Capabilities of: Inquiry/Research and Discipline Specific Knowledge and Skills.20 01, 06

Sydney, 2018, Study Period 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorEsin Ozdil

Class requirements

WorkShop Week: 11 - 22
One 2.0 hours workshop per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 3-hour final examinationTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment. This assessment will report on the Graduate Capabilities of Quantitative Literacy and Critical Thinking60 02, 03, 04, 05
Six, Weekly QuizzesSix online quizzes from Week 2 to Week 11. The best four marks will be recorded. Broadly equivalent to 500 words.20 02, 03
Individual, Workshop Assessment (Equivalent to 1000 words)Case study with open-ended and calculation-based questions to help students relate what is learnt in the classroom in relation to business practices. This assessment will report on the Graduate Capabilities of: Inquiry/Research and Discipline Specific Knowledge and Skills.20 01, 06

Sydney, 2018, Study Period 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorEsin Ozdil

Class requirements

WorkShop Week: 31 - 42
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 3-hour final examinationTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment. This assessment will report on the Graduate Capabilities of Quantitative Literacy and Critical Thinking60 02, 03, 04, 05
Six, Weekly QuizzesSix online quizzes from Week 2 to Week 11. The best four marks will be recorded. Broadly equivalent to 500 words.20 02, 03
Individual, Workshop Assessment (Equivalent to 1000 words)Case study with open-ended and calculation-based questions to help students relate what is learnt in the classroom in relation to business practices. This assessment will report on the Graduate Capabilities of: Inquiry/Research and Discipline Specific Knowledge and Skills.20 01, 06

Sydney, 2018, Study Period 3, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorEsin Ozdil

Class requirements

WorkShop Week: 46 - 48
Six 2.0 hours workshop per week on weekdays during the day from week 46 to week 48 and delivered via face-to-face.
"One 2-hour weekly face-to-face interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 3-hour final examinationTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment. This assessment will report on the Graduate Capabilities of Quantitative Literacy and Critical Thinking60 02, 03, 04, 05
Six, Weekly QuizzesSix online quizzes from Week 2 to Week 11. The best four marks will be recorded. Broadly equivalent to 500 words.20 02, 03
Individual, Workshop Assessment (Equivalent to 1000 words)Case study with open-ended and calculation-based questions to help students relate what is learnt in the classroom in relation to business practices. This assessment will report on the Graduate Capabilities of: Inquiry/Research and Discipline Specific Knowledge and Skills.20 01, 06