Cost Analysis and Applications
RMIT University Vietnam
Ho Chi Minh City, Vietnam
Area of Study
Taught In English
It is assumed you have an appreciation of fundamental accounting concepts and procedures.
Host University Units12
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4.5
Hours & Credits
The aim of this course is to highlight and develop an understanding of cost and management accounting as a technical and social practice. It provides you with an introduction to key cost accounting techniques and procedures used by accountants to produce cost information used to support operational and management decisions.
You will be assisted in developing skills for conceptualising cost and management accounting issues in a variety of organisational contexts. You will be encouraged to develop practical skills in the area of absorption, marginal and activity based costing and their uses in operational and managerial decision making.
Objectives/Learning Outcomes/Capability Development
Capabilities are included in the learning outcomes.
On the successful completion of this course you will be able to:
- Analyse case studies to identify instances that justify cost accounting as both a technical and social practice.
- Apply a selection of fundamental cost accounting techniques and methods to produce relevant cost information.
- Prepare reports that reliably communicate cost information as relevant for operational and managerial decisions.
- Refer to and apply cost information to analyse business situations and make appropriate organisational decisions.
- Apply cost and management accounting skills in a collaborative group context in different organisational contexts.
Overview of Learning Activities
In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.
Overview of Learning Resources
Various learning resources are available online through MyRMIT StudiesBlackboard. These may include topic notes and slides, a study schedule, assessment details, links to relevant internet information, readings and communication tools to facilitate collaboration with your peers and sharing of information.
Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT library website.
Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.
Overview of Assessment
The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:
Assessment Task 1: 50%
Linked CLOs: 1, 2, 3, 4 and 5
Final Exam: 50%
Linked CLOs: 1, 2, 3, 4
Feedback will be provided throughout the semester in class and/or via online forums through feedback on cases / exercises.