This subject focuses on the effective use of management accounting information for planning and control decisions in business. Students will learn how different corporate and business strategies affect the design of formal systems used to plan and control the firm's performance. The instructional approach used in this subject blends theory with practice to facilitate student insight into the complex issues impacting the use and application of accounting information. The subject also links the more quantitative aspects of cost management and responsibility accounting with the more qualitative aspects of behaviour to highlight systems design and information use issues.
|Faculty||Bond Business School|
|Study abroad||Available to Study Abroad students|
1. Evaluate the interrelationships between strategy, management accounting information and the design of organisational control and reporting systems.
2. Create solutions that integrate appropriate accounting concepts and theory to address a range of contemporary management control issues.
3. Justify advice and recommendations for a range of management decisions, including costing, pricing, capital budgeting, performance measurements, incentives and reward systems, and shareholder value creation.
4. Analyse the legal, ethical, political, environmental, economic and social considerations of a firm’s operations.
5. Apply the standards, ethics, and professional values of the accounting profession to a given scenario of ethical conflict.
6. Explain contemporary reporting approaches including why organisations choose to disclose their performance of non-financial factors.
Student must have successfully completed ACCT12-200 Cost Management Systems prior to undertaking ACCT13-304.