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HE Unit Template
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Management Accounting
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BUACC3006 - Management Accounting
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20250200
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Course
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1.5
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2026-06-16
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2026-06-16
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Business
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Institute of Innovation, Science & Sustainability
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Business
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Undergraduate
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15
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.125
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080101
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Accounting
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<a href="http://www.federation.edu.au/locate/unit/buacc3006">080101 - Accounting</a>
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Graded (e.g. HD, D, C, etc)
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7
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Bachelor Degree
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1
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<p>The unit enables students to develop an understanding of the theoretical and practical aspects of management accounting for product costing, decision making and control. This includes an examination of cost concepts, cost classifications and cost behaviour. It covers both the conventional and the contemporary approaches to designing management accounting systems. The conventional approaches include product costing systems, budgeting and the use of standard costs as means for planning and controlling business activity. The contemporary approaches covered in this unit include activity-based costing systems, integration of both financial and non-financial measures into a strategic performance measurement system, sustainability accounting and corporate social responsibility. The unit also examines pricing strategies, and incremental analysis that are to provide relevant accounting information for organizational decision makers. Each topic is introduced by a review of key theoretical concepts and practical applications to critically analyse and solve real-world business problems.</p>
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<p>Topics may include:<br>
1. Cost and management accounting in the changing business environment<br>
2. Cost terms, concepts and classifications<br>
3. Product costing systems<br>
4. Variable and absorption costing<br>
5. Activity-based costing<br>
6. Cost allocation: problems and approaches; support department costs; joint costs<br>
7. Responsibility accounting: budgets, standard costs, variance analysis, and transfer pricing<br>
8. Performance evaluation<br>
9. Cost-Volume-Profit analysis<br>
10. Incremental analysis<br>
11. Sustainability reporting</p>
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<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
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BUACC3006 - Management Accounting
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BUACC3006 - Management Accounting
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Semester
Semester 1
Semester 2
Summer Semester
Year
2026
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Overview
Key information
Requisites
Learning outcomes
Assessment
FedTASK
Parent Region
Overview
Unit description
<p>The unit enables students to develop an understanding of the theoretical and practical aspects of management accounting for product costing, decision making and control. This includes an examination of cost concepts, cost classifications and cost behaviour. It covers both the conventional and the contemporary approaches to designing management accounting systems. The conventional approaches include product costing systems, budgeting and the use of standard costs as means for planning and controlling business activity. The contemporary approaches covered in this unit include activity-based costing systems, integration of both financial and non-financial measures into a strategic performance measurement system, sustainability accounting and corporate social responsibility. The unit also examines pricing strategies, and incremental analysis that are to provide relevant accounting information for organizational decision makers. Each topic is introduced by a review of key theoretical concepts and practical applications to critically analyse and solve real-world business problems.</p>
Unit content
<p>Topics may include:<br> 1. Cost and management accounting in the changing business environment<br> 2. Cost terms, concepts and classifications<br> 3. Product costing systems<br> 4. Variable and absorption costing<br> 5. Activity-based costing<br> 6. Cost allocation: problems and approaches; support department costs; joint costs<br> 7. Responsibility accounting: budgets, standard costs, variance analysis, and transfer pricing<br> 8. Performance evaluation<br> 9. Cost-Volume-Profit analysis<br> 10. Incremental analysis<br> 11. Sustainability reporting</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
<a href="http://www.federation.edu.au/locate/unit/buacc3006">080101 - Accounting</a>
Offering:
<p><strong>Semester 2</strong><p>Ballarat - Mt Helen (On Campus)</p><p>Berwick (On Campus)</p><p>Gippsland - Churchill (On Campus)</p><p>On-line Learning (Online)</p></p>
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Requisites
Prerequisite
<p>must have completed "<a href="/ords/r/dev/fed_occ/course?p6_code=BUACC1000" target="_blank">BUACC1000</a>"</p>
Corequisite
None
Exclusion
<p>must not have completed 1 of "<a href="/ords/r/dev/fed_occ/course?p6_code=BUACC2613" target="_blank">BUACC2613</a>" / "<a href="/ords/r/dev/fed_occ/course?p6_code=BUACC3714" target="_blank">BUACC3714</a>"</p>
Learning outcomes
Learning outcomes
<p>On successful completion of this unit, students are expected to gain the following [K]nowledge, [S]kills and [A]pplication of knowledge & skills</p>
Learning Outcomes
Ref
Outcome
K1
<p>Differentiate between cost concepts, cost classifications, cost allocation and accumulation for business planning and control</p>
K2
<p>Examine essential techniques that aid the managerial functions of planning, control, and decision making</p>
K3
<p>Examine the contemporary approaches to measuring, managing organisational performance, assessing their impacts on individuals, organisations and society</p>
K4
<p>Identify the internal and external factors influencing business operations and decisions</p>
S1
<p>Apply cost accounting information and how it is used by internal management to make decisions</p>
S2
<p>Prepare reports, budgets, forecasts and analysis of managerial accounting information for strategic decision making</p>
S3
<p>Evaluate spreadsheet models for the analysis of management accounting problems</p>
A1
<p>Adapt and apply cost and management knowledge and skills in diverse and novel settings</p>
A2
<p>Make informed and autonomous decisions in complex settings and be accountable for the outcomes</p>
A3
<p>Apply the principles and procedures involved in managing working capital</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>First review of selected topics</p>
<p>Mid-term test</p>
<p>10-30%</p>
K1, K2, K3, S1, S2
2
<p>Group case study and/or task</p>
<p>Written assignment</p>
<p>20-30%</p>
K1, K2, K3, K4, S1, S2, S3, A1, A2, A3
3
<p>Second review of selected topics, group case study related test</p>
<p>Individual oral presentation (recorded)</p>
<p>10-20%</p>
K1, K2, K3, K4, S1, S2, S3, A1, A2, A3
4
<p>Comprehensive review of all topics/final test</p>
<p>Invigilated oral exam</p>
<p>30-40%</p>
K1, K2, K3, K4, S1, S2, S3
Supplementary assessment available:
Yes
Supplimentary assessment information:
<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
FedTASK
FedTASK
<p>Federation University recognises that students require key transferable employability skills to prepare them for their future workplace and society. FedTASKs (<strong>T</strong>ransferable <strong>A</strong>ttributes <strong>S</strong>kills and <strong>K</strong>nowledge) provide a targeted focus on five key, transferable Attributes, Skills, and Knowledge that are embedded within curriculum, developed gradually towards successful measures and interlinked with cross-discipline and co-operative learning opportunities.</p>
FedTASK
Description of FedTASK outcome
Level
FedTASK 1: Interpersonal
The ability to effectively communicate, interact and work with others both individually and in groups.
<p>Level 3 - Student works independently with limited guidance or works within self-determined guidelines appropriate to context</p>
FedTASK 2: Leadership
The ability to apply professional skills and behaviours in leading others.
<p>Level 1 - Students require directions and boundaries from mentor</p>
FedTASK 3: Critical Thinking and Creativity
The ability to work in complexity and ambiguity using imagination to create new ideas.
<p>Level 2 - Student demonstrates some independence within provided guidelines</p>
FedTASK 4: Digital Literacy
The ability to work fluently across a range of tools and applications to achieve a range of skills.
<p>Level 2 - Student demonstrates some independence within provided guidelines</p>
FedTASK 5: Sustainable and Ethical Mindset
The ability to consider and assess the consequences and impact of ideas and actions in enacting ethical and sustainable decisions.
<p>Level 1 - Students require directions and boundaries from mentor</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
<a href="http://www.federation.edu.au/locate/unit/buacc3006">080101 - Accounting</a>
Offering:
<p><strong>Semester 2</strong><p>Ballarat - Mt Helen (On Campus)</p><p>Berwick (On Campus)</p><p>Gippsland - Churchill (On Campus)</p><p>On-line Learning (Online)</p></p>
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Disclaimer
<em>Information in the Federation Handbook is correct at the time of publication. The University reserves the right to alter any course, unit, procedure or fee.</em>
Additional information
Add Info Static Text
Internal reference: BUACC3006 - U1.5