22753 Cost Management and Analysis6cp
Requisite(s): 22747 Accounting for Managerial Decisions OR 22800 Understanding Accounting and Financial Reports
These requisites may not apply to students in certain courses.
There are course requisites for this subject. See access conditions.
The management and analysis of costs is fundamental to contemporary management accounting practices. Research shows that effective cost management and analysis practices can provide an organisation with a competitive advantage. This subject provides students with knowledge and skills for a broad range of important cost management and analysis practices. Topics include the budgeting and forecasting of costs and profits, the modelling and analysis of cost behaviours for operational and strategic purposes, and the control of costs using standard and flexible variance analyses.
The subject presents a broad range of exercises based on practical, 'real-life' managerial situations, paying particular emphasis to building sustainable organisations.
Detailed subject description.