acc2cad cost acc
COST ACCOUNTING AND DECISION MAKING
ACC2CAD
2015
Credit points: 15
Subject outline
Cost accounting provides organisations with internal financial and non-financial information required for the three functions of planning, controlling and decision making. This subject enables students to develop an understanding of the elements of cost and management accounting and the way in which cost information is used in undertaking these functions within the context of a modern business concern. The subject examines the nature and behaviour of product cost information and students should be able to apply their understanding of this to decision-making situations using both a quantitative and a qualitative approach.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorSarah Yang Spencer
Available to Study Abroad StudentsYes
Subject year levelYear Level 2 - UG
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites ACC1AMD
Co-requisitesN/A
Incompatible subjects ACC2IMA
Equivalent subjects This unit has been developed in accordance with the Guide to Developing an Inclusive Curriculum and Checklist for Inclusive Curriculum. This unit will support the Inclusive Curriculum approach of the course. Students will not be disadvantaged with respect to their culture, gender, socio-economic background or disability. The content, teaching activities and assessment still support inclusion of all students.
Special conditionsN/A
Graduate capabilities & intended learning outcomes
01. Describe different cost classifications with relevant examples and explain why different cost classifications are required for different purposes.
- Activities:
- Watch introduction video and technical demonstration, complete online quiz and homework, and attend workshop.
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
02. Compare and contrast three different approaches to calculating manufacturing overhead and apply those approaches in their most appropriate scenarios.
- Activities:
- Watch introduction video and technical demonstration, complete online quiz and homework and attend workshop.
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
03. Apply the steps of cost accumulation during production/service processes and calculate product/service costs under job costing and process costing settings.
- Activities:
- Watch introduction video and technical demonstration, complete online quiz and homework, and attend workshop
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
04. Explain the differences between absorption and variable costing and reflect on their different usages.
- Activities:
- Watch introduction video and technical demonstration, complete online quiz and homework, and attend workshop
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
05. Differentiate relevant information and irrelevant information under various business decision scenarios, evaluate and apply the right techniques to solve business problems.
- Activities:
- Watch introduction video and technical demonstration, complete online quiz and homework, and attend workshop
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
06. Be a responsible and active learner by engaging in teaching and learning activities, connect knowledge with real business situations and develop relevant graduate capabilities.
- Activities:
- Discuss online quiz results, study business cases, relate classroom learning to real practices and develop graduate capabilities.
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
Subject options
Select to view your study options…
Albury-Wodonga, 2015, Semester 2, Night
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSarah Yang Spencer
Class requirements
WorkShopWeek: 31 - 43
One 2.0 hours workshop per week on weekdays at night from week 31 to week 43 and delivered via face-to-face.
"Case studies and group work will be conducted during the workshops."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 3-hour final examination | 40% hurdle rate applies to final examination | 60 | 01, 02, 03, 04, 05 |
| Weekly Quizzes (the best of four) | Weekly online quizzes from Week 5 to Week 12. The best of the four will be recorded. | 20 | 01, 02, 03, 04, 05 |
| Tutorial Assessment | Case study with open-ended questions. The aim is to assess students' graduate capabilities (information literacy, writing, problem solving and teamwork) help them to relate what they learn in the classroom with real practices. | 20 | 06 |
Bendigo, 2015, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSarah Yang Spencer
Class requirements
WorkShopWeek: 31 - 43
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"Case studies and group work will be conducted during the workshops."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 3-hour final examination | 40% hurdle rate applies to final examination | 60 | 01, 02, 03, 04, 05 |
| Weekly Quizzes (the best of four) | Weekly online quizzes from Week 5 to Week 12. The best of the four will be recorded. | 20 | 01, 02, 03, 04, 05 |
| Tutorial Assessment | Case study with open-ended questions. The aim is to assess students' graduate capabilities (information literacy, writing, problem solving and teamwork) help them to relate what they learn in the classroom with real practices. | 20 | 06 |
Dandenong, 2015, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSarah Yang Spencer
Class requirements
LectureWeek: 10 - 22
One 2.0 hours lecture other recurrence on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 3-hour final examination | 40% hurdle rate applies to final examination | 60 | 01, 02, 03, 04, 05 |
| Weekly Quizzes (the best of four) | Weekly online quizzes from Week 5 to Week 12. The best of the four will be recorded. | 20 | 01, 02, 03, 04, 05 |
| Tutorial Assessment | Case study with open-ended questions. The aim is to assess students' graduate capabilities (information literacy, writing, problem solving and teamwork) help them to relate what they learn in the classroom with real practices. | 20 | 06 |
Dandenong, 2015, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSarah Yang Spencer
Class requirements
LectureWeek: 31 - 43
One 2.0 hours lecture other recurrence on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 3-hour final examination | 40% hurdle rate applies to final examination | 60 | 01, 02, 03, 04, 05 |
| Weekly Quizzes (the best of four) | Weekly online quizzes from Week 5 to Week 12. The best of the four will be recorded. | 20 | 01, 02, 03, 04, 05 |
| Tutorial Assessment | Case study with open-ended questions. The aim is to assess students' graduate capabilities (information literacy, writing, problem solving and teamwork) help them to relate what they learn in the classroom with real practices. | 20 | 06 |
Melbourne, 2015, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSarah Yang Spencer
Class requirements
LectureWeek: 10 - 22
One 2.0 hours lecture other recurrence on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
TutorialWeek: 11 - 22
One 1.0 hours tutorial other recurrence on weekdays during the day from week 11 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 3-hour final examination | 40% hurdle rate applies to final examination | 60 | 01, 02, 03, 04, 05 |
| Weekly Quizzes (the best of four) | Weekly online quizzes from Week 5 to Week 12. The best of the four will be recorded. | 20 | 01, 02, 03, 04, 05 |
| Tutorial Assessment | Case study with open-ended questions. The aim is to assess students' graduate capabilities (information literacy, writing, problem solving and teamwork) help them to relate what they learn in the classroom with real practices. | 20 | 06 |
Melbourne, 2015, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSarah Yang Spencer
Class requirements
LectureWeek: 31 - 31
One 1.0 hours lecture per study period on weekdays during the day from week 31 to week 31 and delivered via face-to-face.
"Only in the first week. The blended learning style and expectation on students will be communicated in the first lecture."
WorkShopWeek: 32 - 43
One 2.0 hours workshop per week on weekdays during the day from week 32 to week 43 and delivered via face-to-face.
"Case study and group work will be conducted during the workshops to help students develop their graduate capabilities and relate what they learn in classroom to real business practices."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 3-hour final examination | 40% hurdle rate applies to final examination | 60 | 01, 02, 03, 04, 05 |
| Weekly Quizzes (the best of four) | Weekly online quizzes from Week 5 to Week 12. The best of the four will be recorded. | 20 | 01, 02, 03, 04, 05 |
| Tutorial Assessment | Case study with open-ended questions. The aim is to assess students' graduate capabilities (information literacy, writing, problem solving and teamwork) help them to relate what they learn in the classroom with real practices. | 20 | 06 |
Shepparton, 2015, Semester 1, Night
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSarah Yang Spencer
Class requirements
LectureWeek: 10 - 22
One 2.0 hours lecture per week on weekdays at night from week 10 to week 22 and delivered via face-to-face.
TutorialWeek: 11 - 22
One 1.0 hours tutorial per week on weekdays at night from week 11 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 3-hour final examination | 40% hurdle rate applies to final examination | 60 | 01, 02, 03, 04, 05 |
| Weekly Quizzes (the best of four) | Weekly online quizzes from Week 5 to Week 12. The best of the four will be recorded. | 20 | 01, 02, 03, 04, 05 |
| Tutorial Assessment | Case study with open-ended questions. The aim is to assess students' graduate capabilities (information literacy, writing, problem solving and teamwork) help them to relate what they learn in the classroom with real practices. | 20 | 06 |
Sydney, 2015, ACN Semester 1, Day
Overview
Online enrolmentNo
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSarah Yang Spencer
Class requirements
LectureWeek: 11 - 22
One 3.0 hours lecture other recurrence on weekdays during the day from week 11 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 3-hour final examination | 40% hurdle rate applies to final examination | 60 | 01, 02, 03, 04, 05 |
| Weekly Quizzes (the best of four) | Weekly online quizzes from Week 5 to Week 12. The best of the four will be recorded. | 20 | 01, 02, 03, 04, 05 |
| Tutorial Assessment | Case study with open-ended questions. The aim is to assess students' graduate capabilities (information literacy, writing, problem solving and teamwork) help them to relate what they learn in the classroom with real practices. | 20 | 06 |
Sydney, 2015, ACN Semester 2, Day
Overview
Online enrolmentNo
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSarah Yang Spencer
Class requirements
LectureWeek: 28 - 39
One 3.0 hours lecture other recurrence on weekdays during the day from week 28 to week 39 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 3-hour final examination | 40% hurdle rate applies to final examination | 60 | 01, 02, 03, 04, 05 |
| Weekly Quizzes (the best of four) | Weekly online quizzes from Week 5 to Week 12. The best of the four will be recorded. | 20 | 01, 02, 03, 04, 05 |
| Tutorial Assessment | Case study with open-ended questions. The aim is to assess students' graduate capabilities (information literacy, writing, problem solving and teamwork) help them to relate what they learn in the classroom with real practices. | 20 | 06 |
Sydney, 2015, ACN Summer Semester, Day
Overview
Online enrolmentNo
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSarah Yang Spencer
Class requirements
LectureWeek: 45
One 3.0 hours lecture other recurrence on weekdays during the day in week 45 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 3-hour final examination | 40% hurdle rate applies to final examination | 60 | 01, 02, 03, 04, 05 |
| Weekly Quizzes (the best of four) | Weekly online quizzes from Week 5 to Week 12. The best of the four will be recorded. | 20 | 01, 02, 03, 04, 05 |
| Tutorial Assessment | Case study with open-ended questions. The aim is to assess students' graduate capabilities (information literacy, writing, problem solving and teamwork) help them to relate what they learn in the classroom with real practices. | 20 | 06 |