Management Accounting

University of Newcastle

Course Description

  • Course Name

    Management Accounting

  • Host University

    University of Newcastle

  • Location

    Newcastle, Australia

  • Area of Study

    Accounting, Finance, Financial Management, Management Science

  • Language Level

    Taught In English

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Host University Units

  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview


    Reliability and consistency guided by relevant shape costing methodologies that inform management decision-making. Management accounting equips students with the principles, methods, processes and systems in management accounting to inform decision makers in an organisation through the examination of the theory and practice of the main accounting models used in cost determination. The range of cost determination models are explored in terms of their consistency with governing accounting principles and the usefulness of the cost measures for management's decision-making needs. Engaging in problem based oriented learning you develop complex problem solving skills designing solutions supported by theory, research and assessment of current practice.

    Learning Outcomes

    1. Discuss the use of management accounting information in an organisation

    2. Explain cost concepts used in costing methods

    3. Apply key costing methods to generate information for decision making

    4. Critically analyse costing information ethically taking into account the needs of management

    5. Solve management accounting problems ethically using cost concepts and methods

    Lectures will include, but are not be restricted to, the following topics:

    Cost Concepts and Classification Paradigms; Cost estimation
    Product Costing: Job Costing Model
    Product Costing: Process Costing Models
    Cost Allocations: General Principles & Service Centre Costs
    Product Costing: Joint Products Model
    Management of Indirect Costs: Activity-Based Costing
    Strategic Considerations: Costing Models
    Managing Costs: Standard costing framework
    Managing: Standard costing analysis

    Assessment Items
    Written Assignment: Written Tutorial Assessments
    Written Assignment: Written assignment
    Formal Examination: Final exam

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.