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AFM202 Cost Management

Credit Points 6
Offering
Responsible Campus Teaching Period Mode of Study
Armidale Trimester 2 Off Campus
Armidale Trimester 2 On Campus
Intensive School(s) None
Supervised Exam There is a UNE Supervised Examination held at the end of the teaching period in which you are enrolled.
Pre-requisites AFM112 or AFM219
Co-requisites None
Restrictions AFM102 or AFM218 or AFM318
Notes
Combined Units None
Coordinator(s) Robyn Marshall (rmarsha3@une.edu.au)
Unit Description

This unit enables students to understand and appreciate the fundamental principles in applying cost management practices within organisations. Knowledge of these fundamental principles is essential to enable practitioners to react to the rapidly changing contexts in which organisations now operate. These changing contexts are influenced by advances in technology, changing societal values, increasing levels of environmental degradation as well as globalisation. Cost-management systems within organisations have to anticipate (or at the very least, react to) challenges that consequently arise.
Important Information

Where calculators are permitted in examinations, it must be selected from an approved list, which can be accessed from the Further Information link below.

Further information
Materials Textbook information will be displayed approximately 8 weeks prior to the commencement of the teaching period. Please note that textbook requirements may vary from one teaching period to the next.
Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment Assessment information will be published prior to commencement of the teaching period.
Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. understand the process by which costs incurred in organisations are accumulated and allocated to cost objects of interest and the principles of cost allocation that rely on identifying and measuring appropriate cost pools and cost drivers;
  2. identify and know when and how to use the primary costing systems of job costing, process costing and hybrid systems (including the accumulation and allocation of costs related to spoilage) and how to use variations of costing systems that facilitate the provision of more timely and decision useful information;
  3. use cost information in the construction of budgets and the evaluation of variations from expectations;
  4. understand and be able to apply techniques of accounting that enable the measures of cost for managerial decision making to be reconciled with those of financial accounting report preparation; and
  5. understand that cost accounting is a social construction and is not merely a neutral, technical set of numbers.

Graduate Attributes (GA)
Attribute Taught Assessed Practised
1 Knowledge of a Discipline
This will be taught through all teaching material, practised through completion of online discussion, tutorials and assessments, and assessed in all assessment tasks. 		True True True
2 Communication Skills
This will be taught through special instructional material, practised through online discussion, tutorials and assessments. Written and quantitative communication skills are assessed in parts of the assignments and examination. 		True True True
3 Global Perspectives
Use of international contexts for discussion. 		True
4 Information Literacy
This wil be taught through instructional material, practised through online discussion, tutorials and assessments, assessed in all assignments and the Final Examination. 		True True True
6 Problem Solving
Taught through instructional material, practised through on line discussion, tutorials and assessments, assessed in both assignments and final examination. 		True True True
7 Social Responsibility
Use of varying social and environmental contexts in discussion and assessment. 		True
   

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