Enrolments for 2022 have closed.
Management Decision Making and Strategy
Postgraduate | TAS-BFA612 | 2022
Course information for 2022 intake View information for 2024 course intake
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
FEE-HELP available
Management Decision Making and Strategy
About this subject
Upon completion of this subject, the student should be able to:
- Distinguish management and cost accounting theory and practice in contemporary Australian business
- Propose solutions using management accounting theory and practice to contemporary business challenges
- Evaluate diverse environmental, social, and governance perspectives to accounting decision-making in individual and team context
- 1. Week 1
- 1.1) Overview of subject and the context of management accounting
- 2. Week 2
- 2.1) Different purposes of costs and determining how costs behave
- 3. Week 3
- 3.1) Cost Volume profit analysis
- 4. Week 4
- 4.1) Estimating the costs of producing services, products and inventory
- 5. Week 5
- 5.1) Target costing, managing activities and managing capacity
- 6. Week 6
- 6.1) Activity based management and activity based costing
- 7. Week 7
- 7.1) Pricing, customer profitability and decision making
- 8. Week 8
- 8.1) Budgeting control, responsibility accounting and flexible budget
- 8.2) variances
- 9. Week 9
- 9.1) Strategy formation and the balanced scorecard
- 10. Week 10
- 10.1) Quality, time and the balanced scorecard
- 11. Week 11
- 11.1) Measuring and reporting sustainability
- 12. Week 12
- 12.1) Performance Measurement and Incentive Compensation
- 13. Week 13
- 13.1) Review Workshop
This subject was previously titled ‘Management and Cost Accounting'.
In this subject we explore the key functions fulfilled by managerial and cost accounting. The primary purpose of managerial and cost accounting is to provide relevant information to managers within an organisation. Managerial accounting can be thought of as the informal language used within the organisation to facilitate planning, control, coordination and performance assessment. Decision contexts can vary from the broad strategic planning and resource allocation decisions made at corporate or divisional level, to the more specific cost and performance information necessary to monitor individual products, customers or segments. The ultimate measure of success is whether or not internal decision making has been improved as a result of the relevance, quality and timeliness of information provided by the management accounting function.
- Presentation (15%)
- Exam (40%)
- Group Case Study (30%)
- Letter of Response (15%)
For textbook details check your university's handbook, website or learning management system (LMS).
Wherever you are, the University of Tasmania brings its island campus to you through a growing range of online programs across art and design, business, education, health, science, sustainability, technology, and more. It’s never too late to switch things up. Kickstart that career you’ve been dreaming about, or upskill for the one you’re in. You’ll also become a part of the world's leading university on climate action.
Learn more about UTAS.
Explore UTAS courses.
- QS Ranking 2024:
- 20
- Times Higher Education Ranking 2024:
- 19
Entry requirements
Part of a degree
To enrol in this subject you must be accepted into one of the following degrees:
Core
- TAS-PFA-GDI-2022 - Graduate Diploma of Professional Accounting
- TAS-MPA-MAS-2022 - Master of Professional Accounting
Elective
- OUA-PSU-GCE-2022 - Postgraduate Single Subjects
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
Related degrees
Once you’ve completed this subject it can be credited towards one of the following courses
PostgraduateTAS-PFA-GDI
PostgraduateTAS-MPA-MAS
PostgraduateOUA-PSU-GCE