Management Decision Making and Strategy
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Subjects may require attendance
- 10 Jul 2023
Australia’s fourth oldest university, the University of Tasmania, is highly regarded internationally for teaching and academic excellence. The university offers more than 100 undergraduate degrees and more than 50 postgraduate programs across a range of disciplines. The university offers students a diverse range of opportunities, the chance to learn from leading experts, and excellent preparation for their future careers.
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Our student advisors are here to guide you with:
- Enrolling and eligibility
- Fee and loan information
- Credit and recognition for prior learning
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
- Week 1-Overview of subject and the context of management accounting
- Week 2-Different purposes of costs and determining how costs behave
- Week 3-Cost Volume profit analysis
- Week 4-Estimating the costs of producing services, products and inventory
- Week 5-Target costing, managing activities and managing capacity
- Week 6-Activity based management and activity-based costing
- Week 7-Pricing, customer profitability and decision making
- Week 8-Budgeting control, responsibility accounting and flexible budget variances
- Week 9-Strategy formation and the balanced scorecard
- Week 10-Quality, time and the balanced scorecard
- Week 11-Measuring and reporting sustainability
- Week 12-Performance Measurement and Incentive Compensation
- Week 13-Review Workshop
In order to enrol in this subject, you must be accepted into one of the following degrees:
No additional requirements
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%)
Current study term: 09 Jul 23 to 15 Oct 23
Check the learning management system (LMS) of your university for textbook details.