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HE Unit Template
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Cost and Management Accounting
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BUACC5933 - Cost and Management Accounting
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20260200
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Course
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3.2
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2026-09-10
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2026-09-10
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Business
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Institute of Innovation, Science & Sustainability
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Business
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Postgraduate - Coursework
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15
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.125
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080101
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Accounting
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080101 - Accounting
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<a href="http://www.federation.edu.au/locate/unit/buacc5933">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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9
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Masters Degree
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Intermediate
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0
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<p>This unit enables students to develop an understanding of cost and management accounting information and develop their expertise in preparing and using such information in diverse organisations and international settings. The initial focus of the unit is on determining product costs, utilising job order, process and activity-based costing systems. The course subsequently examines how cost and other information is used to guide management decision making through a consideration of topics such as cost-volume-profit analysis, incremental analysis, internal and external pricing, and capital project evaluation. Budgets and standard costing systems are studied as a means for planning and controlling business activity. Each topic is introduced by a critical review of key theoretical concepts that are then applied to practical settings.</p>
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<p>•The nature and function of costs and costing systems<br>
•Planning and control: information for managing resources. Topics include cost behaviour, job order, process, activity-based and standard costing systems, budgeting, variance analysis, and responsibility accounting<br>
•Planning and control: information for creating value. Topics include cost-volume-profit analysis, incremental analysis, setting internal and external prices, and capital expenditure decisions</p>
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<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
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2027
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2026
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Year
2027
2026
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Overview
Key information
Requisites
Learning outcomes
Assessment
Parent Region
Overview
Unit description
<p>This unit enables students to develop an understanding of cost and management accounting information and develop their expertise in preparing and using such information in diverse organisations and international settings. The initial focus of the unit is on determining product costs, utilising job order, process and activity-based costing systems. The course subsequently examines how cost and other information is used to guide management decision making through a consideration of topics such as cost-volume-profit analysis, incremental analysis, internal and external pricing, and capital project evaluation. Budgets and standard costing systems are studied as a means for planning and controlling business activity. Each topic is introduced by a critical review of key theoretical concepts that are then applied to practical settings.</p>
Unit content
<p>•The nature and function of costs and costing systems<br> •Planning and control: information for managing resources. Topics include cost behaviour, job order, process, activity-based and standard costing systems, budgeting, variance analysis, and responsibility accounting<br> •Planning and control: information for creating value. Topics include cost-volume-profit analysis, incremental analysis, setting internal and external prices, and capital expenditure decisions</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
080101 - Accounting
Offering:
<p><strong>Semester 2</strong><p>Melbourne City Campus (On Campus)</p></p>
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/buacc5933">View unit fees</a>
Requisites
Prerequisite
<p>must have completed "<a href="/ords/r/curriculum/catalogue/course?p6_code=BUACC5930" target="_blank">BUACC5930</a>"</p>
Corequisite
None
Exclusion
None
Learning outcomes
Learning outcomes
<p>On successful completion of this unit, students are expected to gain the following [K]nowledge, [S]kills and [A]pplication of knowledge & skills</p>
Learning Outcomes
Ref
Outcome
K1
<p>Identify the internal and external factors influencing business operations and the key roles and decision making processes of management</p>
K2
<p>Comprehend the theoretical and practical aspects of planning, control and decision making functions within organisations</p>
K3
<p>Explain cost concepts and the classification, allocation and accumulation of costs</p>
K4
<p>Relate the role played by the management accountant in diverse organisations and international settings, and the importance of ethical integrity</p>
K5
<p>Explain recent developments in the field of cost and management accounting</p>
S1
<p>Develop theoretical knowledge within diverse organisational contexts to prepare and present cost accounting information in a manner suitable for effective managerial use</p>
S2
<p>Analyse and synthesise cost accounting data and use it to make informed decisions, including within novel and complex settings</p>
S3
<p>Critically evaluate the limitations of theoretical and practical concepts in cost and management accounting and explain the implications of those limitations</p>
S4
<p>Apply critical and systematic evaluations of relevant theories, concepts and practices and communicate the findings with clarity to specialist and non-specialist audiences</p>
A1
<p>Adapt and apply cost and management knowledge and skills in diverse and novel settings</p>
A2
<p>Make informed and autonomous decisions in complex settings</p>
A3
<p>Identify the need to be accountable for the decisions and outcomes in various settings</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Review of selected topics, based on class activities, reading, and preparation of responses to set questions.</p>
<p>Test</p>
<p>10-20%</p>
K1, K2, K3, S1, S2, S3, A1, A2, A3
2
<p>Group case study and/or essay requiring research and the preparation of calculations and/or written responses.</p>
<p>Oral Presentation and / or Written Assignment</p>
<p>20-40%</p>
K3, K4, K5, S2, S3, A1, A2, A3
3
<p>Comprehensive review of all topics, based on class activities, reading, and preparation of responses to set questions.</p>
<p>Exam</p>
<p>40-60%</p>
K1, K2, K3, K4, K5, S1, S2, S3, S4, A1, A2
Supplementary assessment available:
Yes
Supplementary assessment information:
<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
080101 - Accounting
Offering:
<p><strong>Semester 2</strong><p>Melbourne City Campus (On Campus)</p></p>
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/buacc5933">View unit fees</a>
Additional information
Cards Section - Non Research
Add Info Static Text
Internal reference: BUACC5933 - U3.2