James Cook University Subject Handbook - 2023

LB5237 - Managerial Accounting for Decision Making

Subject Description

This subject provides students with an understanding of the fundamentals of managerial accounting. The aim is to develop a clear understanding of elements of cost, their uses and the implications on performance for strategic management decision making. Some key concepts such as activity based costing, balanced scorecard, return on investment, residual income and others will be introduced and the application to various cases is also covered.

Learning Outcomes

• evaluate and apply relevant costs for decision making
• analyse the performance of the business in terms of return on investment and residual income
• conduct analysis of the balanced scorecard, it's measurement and the impact on overall business performance
• produce and interpret activity based costing as a competitive advantage to the business
• explain what managerial accounting is and why it is important

Subject Assessment

• Written > Examination (centrally administered) - (50%) - Individual
• Written > Test/Quiz 1 - (20%) - Individual
• Written > Case report 1 - (30%) - Group

Note that minor variations might occur due to the continuous subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.

Availabilities