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ACCT332 - Advanced Management Accounting

Semester Two 2025

Me whakaoti i mua | Prerequisites

ACCT103 and ACCT222

Hua Ako | Course Learning Outcomes

The learning outcomes for this course are:

1.    Discuss,   apply  and,  where  appropriate,  critique   management  accounting  theory  and  practice, including:

a.    Strategy and strategic management

b.    Advanced cost and operations management

c.    Value chain analysis and strategic management accounting

d.    Lean, quality and constraint management

e.    Organisational structure and transfer pricing

f.     Planning and budgeting including strategic investment decisions

g.    Performance management including incentive schemes

h.    Control and risk management

i.     Sustainability management accounting

2.    Communicate orally and in writing in a manner consistent with a business professional.

3.    Demonstrate the ability to think critically and solve problems analytically.

Professional Body Academic Requirements

ACCT332 builds on prerequisite courses.  Upon successful completion of the management accounting suite of courses - ACCT102, ACCT103, ACCT222 and ACCT332 - students will be able to demonstrate an understanding and  critical  awareness  of  management  accounting  theory  and  practice.  This  is  embodied  in  the  learning outcomes  for   Finance   and   Financial   Management,   Management   Accounting,   Business   Acumen,   and Professional Competency Areas specified by Chartered Accountants of Australia and New Zealand (CA ANZ) and CPA Australia:

• TCA06: Finance and Financial Management …

…but limited to investment decisions and managing risk, which are part of learning outcomes 5 and 6:

LO5: Discuss how organisations make investment and distribution decisions.

LO6: Identify and explain basic financial risks and risk management concepts.

• TCA07: Management Accounting: This area covers an understanding of budgeting, product and service costing, control and performance evaluation, and strategic management accounting.

• TCA11: Business Acumen: This area covers the local and global organisational environment which a business  operates  in  and  the  features  relating  to  business  strategy  and  management.  The  basic principles  of  governance,  risk  management  and  internal  controls  deepens  the  understanding  of business practices.

• PCA01: Intellectual Skills: Intellectual  skills  enable  a  professional  accountant  to evaluate data and information, apply critical thinking to solve problems, make decisions and exercise good judgment in complex organisational situations.

• PCA02: Interpersonal and Communication Skills: Interpersonal  and  communication  skills  enable  a professional accountant to work with others for the common good of the organisation, receive and transmit information, form reasoned judgments and make decisions effectively.