Fundamentals of Management Accounting

Macquarie University

Course Description

  • Course Name

    Fundamentals of Management Accounting

  • Host University

    Macquarie University

  • Location

    Sydney, Australia

  • Area of Study

    Accounting, Business Management, Financial Management

  • Language Level

    Taught In English

  • Prerequisites

    ACCG101 Accounting 1B or ACCG106 Accounting Information for Decision-Making

    Note: Courses only need to be similar, not exact, to meet pre-requisites.

  • Course Level Recommendations

    Upper

    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

  • Credit Points

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

    This unit is the first of three undergraduate units in cost and management accounting and is necessary for ICAA, CPA and NIA membership. The unit explains how cost information is generated and used in organisations for decision-making purposes. There are three main parts to the unit:
    - using costs for decision making;
    - costing techniques (job/process costing and cost allocations); and
    - budget setting and evaluating performance against the budget.
    By the end of the unit students are able to discriminate between the various product costing techniques available, solve problems by identifying and selecting appropriate courses of action, and demonstrate an understanding of budgeting techniques and the behavioural issues associated with budgeting practices. The unit develops graduate capabilities centred upon critical and analytical thinking skills and the ability to solve problems. The unit is structured so as to develop effective oral and written communication skills and to demonstrate awareness of ethical issues affecting the role of a management accountant.

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.