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ACT3121: Cost and Management Accounting: Home

Course Description

This course is a continuation of Introductory Management Accounting (ACT2121). It is designed to elaborate the additional issues, concepts, and techniques in cost accounting. It aims to help students “consult” with clients providing the analysis and use of cost accounting information for corporate planning, controlling and evaluating. It primarily covers customer profitability analysis, cost allocation, pricing decisions, strategic profitability analysis, capacity analysis, operational-level control, and management-level-control systems.

本课程是管理会计入门课程（ACT2121）的延续。它的目的是阐述成本会计的其他问题、概念和技术。它旨在帮助学生与客户 "协商"，为企业规划、控制和评估提供成本会计信息的分析和使用。它主要包括客户盈利能力分析、成本分配、定价决策、战略盈利能力分析、能力分析、操作层面的控制和管理层的控制系统。

Recommended Books

Horngren's Cost Accounting

The book is suitable for undergraduate and MBA cost or management accounting courses. In this book, the authors spell out the cost accounting market and continue to innovate by continually incorporating the latest practice and theories into the text. This acclaimed, market-leading text emphasises the underlying theme of 'different costs for different purposes' and goes beyond cost accounting procedures to consider concepts, analysis and management.

Recommeded Databases

Learning Outcomes

  • understand what cost and management accounting is, how it is related to and different from financial accounting, and how it is used for planning, controlling, and evaluating.
  • make different inventory costing choices for capacity analysis.
  • use decision-making models based on accounting information.
  • perform strategic profitability analysis.
  • price products using accounting information.
  • make cost allocation decisions for various cost objects.
  • perform customer profitability analysis and make customer-related decisions.
  • make long-term capital investment decisions.
  • understand information asymmetry and agency problems in organizations.
  • evaluate formal and informal management control systems;
  • choose appropriate transfer pricing models for the organization;
  • evaluate different performance measures and compensation contracts as an essential part of management control systems;
  • understand how management control systems tackle myopia and uncontrollability;
  • learn mechanisms and processes of corporate governance and internal control that help resolve ethical issues and improve value creation to firm owners and stakeholders.