COST ACCOUNTING AND DECISION MAKING

ACC2CAD

2019

Credit points: 15

Subject outline

In this subject you will develop your understanding of the elements of cost and management accounting, which provides organisations with internal financial and non-financial information to assist with their cost planning, controlling and decision-making. You will examine the process of classifying, analyzing and allocating costs to products and services, and then developing certain course of action to control costs. Through the learning activities and formal assessment tasks, you will learn and apply various cost accounting techniques and information to different organisational scenarios.


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
ReadingsManagerial Accounting: The Cornerstone of Business Decision Making, 7th EditionPrescribedMowen, Hansen, and HeitgerCengage Learning

Graduate capabilities & intended learning outcomes

01. Describe, analyse and evaluate various costs types and cost behaviors.

Activities:
Face-to-face workshops; online resources, and self- assessment activities
Related graduate capabilities and elements:
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

02. Compare and contrast job costing and process costing, and calculate product/service costs using both techniques.

Activities:
Face-to-face workshops; online resources, and self- assessment activities
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

03. Explain and calculate the differences between weighted average method and the FIFO method of accounting for process costs.

Activities:
Face-to-face workshops; online resources, and self- assessment activities
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

04. Describe the difference between support departments and production departments, and allocate support-department costs to producing departments using the direct, sequential and single rate methods.

Activities:
Face-to-face workshops; online resources, and self- assessment activities
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

05. Apply manufacturing overhead to the products/services using activity-based costing by applying both volume and non-volume based cost drivers

Activities:
Face-to-face workshops; online resources, and self- assessment activities
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

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

Activities:
Face-to-face workshops; online resources, and self- assessment activities
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2019, 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 materials and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
Online Quizzes (equivalent to 500 words)20 01, 02, 03, 04, 05, 06
Individual Assignment (equivalent to 1,000 words)This assessment will assess and report on the Graduate Capabilities of: Inquiry/Research and Critical Thinking.20 02, 03, 04, 05, 06
One 3-hour Final Examination (equivalent to 3,000 words)This assessment will assess and report on the Graduate Capabilities of: Discipline Specific Knowledge and Skills and Quantitative Literacy.60 01, 02, 03, 04, 05, 06

Bendigo, 2019, 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 materials and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
Online Quizzes (equivalent to 500 words)20 01, 02, 03, 04, 05, 06
Individual Assignment (equivalent to 1,000 words)This assessment will assess and report on the Graduate Capabilities of: Inquiry/Research and Critical Thinking.20 02, 03, 04, 05, 06
One 3-hour Final Examination (equivalent to 3,000 words)This assessment will assess and report on the Graduate Capabilities of: Discipline Specific Knowledge and Skills and Quantitative Literacy.60 01, 02, 03, 04, 05, 06

Chisholm311(ChisholmInstitute), 2019, 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 materials and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
Online Quizzes (equivalent to 500 words)20 01, 02, 03, 04, 05, 06
Individual Assignment (equivalent to 1,000 words)This assessment will assess and report on the Graduate Capabilities of: Inquiry/Research and Critical Thinking.20 02, 03, 04, 05, 06
One 3-hour Final Examination (equivalent to 3,000 words)This assessment will assess and report on the Graduate Capabilities of: Discipline Specific Knowledge and Skills and Quantitative Literacy.60 01, 02, 03, 04, 05, 06

Chisholm311(ChisholmInstitute), 2019, 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 materials and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
Online Quizzes (equivalent to 500 words)20 01, 02, 03, 04, 05, 06
Individual Assignment (equivalent to 1,000 words)This assessment will assess and report on the Graduate Capabilities of: Inquiry/Research and Critical Thinking.20 02, 03, 04, 05, 06
One 3-hour Final Examination (equivalent to 3,000 words)This assessment will assess and report on the Graduate Capabilities of: Discipline Specific Knowledge and Skills and Quantitative Literacy.60 01, 02, 03, 04, 05, 06

Melbourne, 2019, 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.
"One-2-hour weekly face-to- face interactive workshop supported by online materials and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
Online Quizzes (equivalent to 500 words)20 01, 02, 03, 04, 05, 06
Individual Assignment (equivalent to 1,000 words)This assessment will assess and report on the Graduate Capabilities of: Inquiry/Research and Critical Thinking.20 02, 03, 04, 05, 06
One 3-hour Final Examination (equivalent to 3,000 words)This assessment will assess and report on the Graduate Capabilities of: Discipline Specific Knowledge and Skills and Quantitative Literacy.60 01, 02, 03, 04, 05, 06

Melbourne, 2019, 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 materials and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
Online Quizzes (equivalent to 500 words)20 01, 02, 03, 04, 05, 06
Individual Assignment (equivalent to 1,000 words)This assessment will assess and report on the Graduate Capabilities of: Inquiry/Research and Critical Thinking.20 02, 03, 04, 05, 06
One 3-hour Final Examination (equivalent to 3,000 words)This assessment will assess and report on the Graduate Capabilities of: Discipline Specific Knowledge and Skills and Quantitative Literacy.60 01, 02, 03, 04, 05, 06

Mildura, 2019, 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 materials and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
Online Quizzes (equivalent to 500 words)20 01, 02, 03, 04, 05, 06
Individual Assignment (equivalent to 1,000 words)This assessment will assess and report on the Graduate Capabilities of: Inquiry/Research and Critical Thinking.20 02, 03, 04, 05, 06
One 3-hour Final Examination (equivalent to 3,000 words)This assessment will assess and report on the Graduate Capabilities of: Discipline Specific Knowledge and Skills and Quantitative Literacy.60 01, 02, 03, 04, 05, 06

Shepparton, 2019, 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 materials and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
Online Quizzes (equivalent to 500 words)20 01, 02, 03, 04, 05, 06
Individual Assignment (equivalent to 1,000 words)This assessment will assess and report on the Graduate Capabilities of: Inquiry/Research and Critical Thinking.20 02, 03, 04, 05, 06
One 3-hour Final Examination (equivalent to 3,000 words)This assessment will assess and report on the Graduate Capabilities of: Discipline Specific Knowledge and Skills and Quantitative Literacy.60 01, 02, 03, 04, 05, 06

Sydney, 2019, 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 materials and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
Online Quizzes (equivalent to 500 words)20 01, 02, 03, 04, 05, 06
Individual Assignment (equivalent to 1,000 words)This assessment will assess and report on the Graduate Capabilities of: Inquiry/Research and Critical Thinking.20 02, 03, 04, 05, 06
One 3-hour Final Examination (equivalent to 3,000 words)This assessment will assess and report on the Graduate Capabilities of: Discipline Specific Knowledge and Skills and Quantitative Literacy.60 01, 02, 03, 04, 05, 06

Sydney, 2019, 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 materials and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
Online Quizzes (equivalent to 500 words)20 01, 02, 03, 04, 05, 06
Individual Assignment (equivalent to 1,000 words)This assessment will assess and report on the Graduate Capabilities of: Inquiry/Research and Critical Thinking.20 02, 03, 04, 05, 06
One 3-hour Final Examination (equivalent to 3,000 words)This assessment will assess and report on the Graduate Capabilities of: Discipline Specific Knowledge and Skills and Quantitative Literacy.60 01, 02, 03, 04, 05, 06

Sydney, 2019, Study Period 3, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

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 materials and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
Online Quizzes (equivalent to 500 words)20 01, 02, 03, 04, 05, 06
Individual Assignment (equivalent to 1,000 words)This assessment will assess and report on the Graduate Capabilities of: Inquiry/Research and Critical Thinking.20 02, 03, 04, 05, 06
One 3-hour Final Examination (equivalent to 3,000 words)This assessment will assess and report on the Graduate Capabilities of: Discipline Specific Knowledge and Skills and Quantitative Literacy.60 01, 02, 03, 04, 05, 06