22321 Cost Management Systems
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SUBJECT OUTLINE
22321 Cost Management Systems
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Course area
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UTS: Business |
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Delivery |
Spring 2023; standard mode; City |
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Credit points |
6cp |
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Requisite(s) |
22207 Accounting for Business Decisions B OR 22208 Accounting, Business and Society These requisites may not apply to students in certain courses. There are also course requisites for this subject. See access conditions. |
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Result type |
Grade and marks |
Subject coordinator
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Dr. Hannah Pham Accounting Discipline Group Location: CB08.07.103 Email: [email protected].au Office Phone: (02) 9514 7862 |
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Teaching staff |
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Mr. Christopher Armstrong Email: Christopher Armstr[email protected] |
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Subject description |
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This subject examines the role of management accounting and business strategy in general, and cost management and analysis in particular to support the achievement of organisational strategies and goals. Students learn a broad range of cost accounting concepts and techniques to support cost accounting analysis and decision making. Additionally, students learn how Information and Communications Technology can be used as a tool to solve practical costing problems, and to enhance the efficiency and effectiveness of organisational communications, systems and processes. Students acquire a set of concepts, skills and techniques that are necessary for potential managers, with particular appreciation of the various issues and challenges faced by managers in contemporary organisations.
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Subject learning objectives (SLOs) |
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Upon successful completion of this subject students should be able to: 1. explain the role of management accounting and strategy in contemporary organisations to support the achievement of organisational strategies and goals |
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2. apply a range of appropriate quantitative techniques and use costing information for business planning, performance evaluation and control |
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3. critically evaluate data and cost information to solve practical costing problems and support tactical and strategic decision making |
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4. explain how Information and Communications Technology is used to enhance the efficiency and effectiveness of organisational communication, systems and processes, and how it supports data analysis and decision making |
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Contribution to the development of graduate attributes |
This subject contributes to the Accounting Major by introducing fundamental management accounting concepts and techniques necessary to produce and apply accounting information in contemporary organisations. The subject relates more broadly to the Bachelor of Business through an appreciation of how accounting information is implicated in wider organisational decision-making processes. Specifically, this subject contributes to the development of Graduate Attribute by introducing students to the cost
accounting principles and technical skills necessary for a professional accountant, and demonstrating how these concepts can be used to help solve practical business problems.
The subject also contributes to the Graduate Attribute through an appreciation of conventional and contemporary methods of cost accounting, which are necessary for preparing accounting reports such as budgets. The subject also exposes students to how cost information is being used to manage multiplestakeholder concerns through internal and external reporting.
This subject contributes to the development of the following graduate attributes:
Social responsibility and cultural awareness
Professional and technical competence
This subject also contributes specifically to develop the following Program Learning Objectives:
Apply evidence, creativity and critical reasoning to solve business problems (1.1)
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Teaching and learning strategies |
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Cost Management Systems is taught using a mix of face-to-face teaching, online resources and self-directed study. Lectures: Lectures provide the structure of a topic area, discussion of theory and practical examples. Lecture recordings are available through the Canvas site. Tutorials: Students are expected to attend the lecture and review notes, undertake relevant readings and attempt all homework tasks before attending the tutorial. Tutorials provide an opportunity to discuss concepts and ideas, receive feedback on attempted homework tasks, and be involved in group-based problem-solving exercises and case studies. Discussion Board: Extensive use is made of the Canvas Discussion Board to answer student enquiries. Self-directed study: Students will be required to undertake self-directed study in order to successfully engage in discussions, in-class exercises and computer-based tasks. Animated videos and textbook resources are made available online to help students with their study. |
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Content (topics) |
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Cost behaviour and cost estimation Product costing systems Approaches to allocating overheads Budgeting and variance analysis Business processes and strategies Data analysis and reporting Database management systems Datasets, database design and systems documentation |
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Program |
Week/Session Dates Description
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Week 1 11-Aug |
Topic 1: Introduction to Cost Management Systems
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Notes: Tutorial activities: Revision Tutorial (22207 OR 22208)
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Week 2 18-Aug Topic 2: Cost Behaviour, Cost Drivers and Cost Estimation
Notes: Tutorial activities:
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Week 3 25-Aug Topic 3: Basic Costing Framework and Value Chain Analysis
Basic costing framework
Value chain analysis
Measures of cost
Notes:
Tutorial activties:
Tutorial Topic 2: Cost Behaviour, Cost Drivers and Cost Estimation
In-class Quiz 1: covering Topic 2 (30 minutes)
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Notes: Tutorial activities:
Group Assignment: Interim Submission
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Week 5 8-Sep |
Topic 5: Overhead Allocation _Activity-Based Costing
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2023-09-15