University of Newcastle
Area of Study
Accounting, Finance, Financial Management, Management Science
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.
Host University Units10
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
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.
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
Written Assignment: Written Tutorial Assessments
Written Assignment: Written assignment
Formal Examination: Final exam
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.