Studying online

There are now 2 possible online modes for units:

Units with modes Online timetabled and Online flexible are available for any student to self-enrol and study online.

Click on an offering mode for more details.

Unit Overview


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.

6 points
(see Timetable)
Semester 1UWA (Perth)Face to face
Semester 2UWA (Perth)Face to face

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) to think and reason logically and creatively, and recognize the importance and use of information and communication technology (ICT) for planning and control; (6) appreciate management and internal controls, ethical, cultural and social issues; and (7) develop familiarity with the concepts of strategy and balanced scorecard.


Indicative assessments in this unit are as follows: (1) seminar activities; (2) collaborative learning project; and (3) final examination. Further information is available in the unit outline.

Student may be offered supplementary assessment in this unit if they meet the eligibility criteria.

Unit Coordinator(s)
Vincent Chong (Semester 1) and Nishant Agarwal (Semester 2)
Unit rules
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.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Unit readings, including any essential textbooks, are listed in the unit outline for each unit, one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook one week prior the commencement of study. Reading lists and essential textbooks are subject to change each semester. Information on essential textbooks will also be made available on the Essential Textbooks. This website is updated regularly in the lead up to semester so content may change. It is recommended that students purchase essential textbooks for convenience due to the frequency with which they will be required during the unit. A limited number of textbooks will be made available from the Library in print and will also be made available online wherever possible. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus.
  • Contact hours provide an indication of the type and extent of in-class activities this unit may contain. The total amount of student work (including contact hours, assessment time, and self-study) will approximate 150 hours per 6 credit points.