ACCT2012 Management Accounting Notes

Description

Notes cover content for entire semester Topics covered: * Introduction to Management Accounting; role and purpose of management accountants (costing, decision making & controls); strategic focus * Cost concepts, cost behaviour, Job Costing (Absorption costing) and costing allocation * Inventory Costing (Variable Costing) and Cost volume profit analysis * Activity based costing and process costing * Budgeting systems * Management accounting systems and information technologies (SAP) * Application of management accounting systems for management decision making (SAP) * Flexible budgeting and variance analysis * Short-term decision making: relevant costs and benefits, joint costs * Long-term decision making – capital budgeting and strategic investment decisions * Customer profitability, costing and pricing decisions; Use of Balanced Scorecard and strategy maps for management control * Organisational structure for Responsibility accounting and transfer pricing Includes lecture notes and the textbook