BUS109 Management Accounting

Unit outline

Important Update: Our aim is to provide you with an optimal learning experience, regardless of how this unit is delivered. Teaching will be delivered in line with the most current COVID Safe health guidelines.  This may include a mix of online and face-to-face.  Please check the learning management system for announcements and updates. Thank you for your flexibility and commitment to studying with Sydney Institute of Higher Education. 
Enrolment modes: Year 1, Semester 2
Credit point(s): 12.5
EFTSL value: 0.125
Prerequisite: Nil
Typical study commitment: Students will on average spend 10 hours per week over the teaching period undertaking the teaching, learning and assessment activities for this unit.
Scheduled learning activities: 4 timetabled hours per week, 6 personal study hours per week

Unit description 

Management accounting provides information that the internal management needs to make different types of decisions. This unit covers the key principles and techniques of management accounting. Students will explain and apply a range of management accounting concepts in costing, budgeting and planning in order to make strategic managerial decisions. Students will also be exposed to the basic performance measuring methods to evaluate divisional and organisational performance, as well as ethical considerations in decision making

Unit learning outcomes (ULO)   

On the successful completion of this units student will be able to:
ULO1 Explain the purpose of cost management and classify costs on the basis of cost behaviour, traceability and manufacturing processes.
ULO2 Perform operating and cash budgets and use variance analysis for cost control on the basis of an understanding of the strategic objectives and both financial and ethical consequences of budgeting.
ULO3 Conduct cost-volume-profit analysis to find the break-even point and apply appropriate approach to make pricing decisions.
ULO4 Differentiate job costing, process costing and activity-based costing, and consider the appropriate costing methods to allocate and record costs.
ULO5 Compare conventional and contemporary performance measurement techniques in an organisation and appreciate the importance of non-financial metrics.

Topics to be included in the unit

1. Introduction to management accounting
2. Cost behaviour, cost drivers and cost estimate
3. Costing systems
4. Product costing systems
5. Overheads
6. Activity-based costing
7. Budgeting systems
8. Standard costs for control: direct material and direct labour
9. Standard costs for control: flexible budget and manufacturing overheads
10. Performance measures
11. Cost-volume-profit analysis
12. Capital expenditure decisions


Assessment Description Grading and weighting
(% total mark for unit)
Indicative due week 
Assessment 1: Mid-Semester Exam 30% Mid-semester exam week
Assessment 2: Group Assignment 30% 10
Assessment 3: Final Exam 60% Final exam week

The assessment due weeks provided may change. Your lecturer will clarify the exact assessment requirements, including the due date, at the start of the teaching period.