Introduction to Management Accounting (AFM112)

Learning outcomes

Upon completion of this unit, students will be able to:

1. demonstrate knowledge of the theory and practice of the management accounting discipline with some depth and the ability to recognise, reflect on, and respond appropriately to ethical, social or environmental issues influencing the practice of business, at a fundamental level;
2. demonstrate knowledge and skills in management decision-making and apply this to business-related problems in areas such as the nature, behaviour and flow of cost and CVP analysis, at a fundamental level;
3. use a range of cognitive and communication skills to identify, evaluate and synthesise relevant information in order to demonstrate judgement and analytical skills in solving business-related problems in areas such as product and service costing, short-term business decision-making and budgeting and management control, at a fundamental level; and
4. work independently and/or collaboratively to plan and execute tasks to demonstrate knowledge and skills in the areas of pricing, inventory management, standard costing and variance analysis, organisational performance evaluation and long-term investment decisions, at a fundamental level.