ACCT5633 Accounting for Planning and Control

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 1UWA (Perth)Face to face
Semester 2UWA (Perth)Face to face
Content
This unit covers three principal areas. The first is cost accounting fundamentals which includes an introduction to cost terms and cost accumulation systems. The second section is tools for planning and control which includes master budget, flexible budgets, variances and management control, inventory costing and capacity analysis. The last section is cost information for decisions and advanced topics in management accounting. Topics in this section include cost-volume profit analysis, decision making and relevant information, strategic cost, time, quality and inventory management and strategic pricing.
Outcomes
Students are able to (1) appreciate how management accounting information assists managers to make effective planning and controlling decisions through in-depth knowledge of management; (2) undertake problem identification, analysis and problem-solving of routine accounting problems, acquire desk-based research skill through appreciation of, and familiarity with the current management accounting literature (e.g. balanced scorecard), and familiarity with the preparation of a spreadsheet software program (e.g. Microsoft Excel) through a collaborative learning project; (3) communicate clearly, concisely and logically in English, both oral and written form; (4) demonstrate self management skills and the ability to effectively work independently and in team-based situations; (5) think and reason logically and creatively; (6) appreciate management and internal controls, ethical, cultural and social issues; and (7) develop familiarity with the concepts of strategy and balanced scorecard.
Assessment
Typically this unit is assessed in the following ways: (1) seminar activities; (2) collaborative learning project; and (3) mid-semester examination (30 per cent); final examination (40 per cent). Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Professor Vincent Chong
Unit rules
Prerequisites:
ACCT5432 Introductory Financial Accounting
Contact hours
lectures/seminars/workshops: up to 3 hours per week
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
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  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.