course content and assessment method of the University of Melbourne

This topic explores the design and implementation of cost management systems in various organizational contexts. As well as emphasizing technical expertise in the development of these systems, this topic considers the use of cost systems information in management decision-making, in particular for the effective management of organizational resources and the creation of customer and shareholder value.

Two Learning Outcomes

Upon successful completion of this course, students should be able to:

• Describe a range of cost behavior patterns and estimate costs using a range of sophisticated cost estimation techniques
• Calculate product and service costs using various costing systems and cost allocation techniques
• Describe the link between resource flows and activities
• Discuss the impact of resource flow patterns on the design of costing systems in a range of organizational contexts
• Explain cost management techniques to facilitate efficient use of organizational resources
• Analyze and evaluate cost information to make a variety of value-based decisions

Three common skills

• High level of development: problem solving; interpretation and analysis; synthesis of data and other information; evaluating data and other information
• Intermediate level of development: written communication; oral communication; teamwork; collaborative learning; application of theory to practice; critical thinking; openness to other ideas
• Some level of development: using computer software; accessing data and other information from various sources; statistical reasoning

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