ACCT20001 Cost Management Notes | Assignment Help | Syllabus
University: University Of Melbourne
“The design and implementation of cost management systems in a range of organizational settings is the focus of this topic. This subject considers the use of cost system information in management decision making, specifically for the purposes of effective management of organizational resources and the creation of customer and shareholder value, in addition to emphasizing technical expertise in the development of these systems.
Learning outcomes that are expected
Students should be able to do the following after completing this subject:
Describe a variety of cost-behavioral patterns and cost estimates utilizing a variety of advanced cost estimating methods.
Use a range of costing methods and cost allocation strategies to calculate product and service costs.
Explain how resource flows and activities are linked.
In a variety of organizational settings, discuss the implications of resource flow patterns for the design of costing systems.
Explain cost-management methods that will help you make better use of your company’s resources.
Analyze and assess cost information in order to make a range of value-based choices.
Skills that are universal
Problem solving, interpretation and analysis, synthesis of data and other information, and assessment of data and other information are all at a high degree of development.
Written communication; oral communication; teamwork; collaborative learning; application of theory to practice; critical thinking; receptiveness to different ideas are all at a moderate degree of development.
Use of computer software; obtaining data and other information from a variety of sources; statistical reasoning are all examples of some degree of progress.”
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