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If you’re a well-versed accountant with leadership capabilities, this unit could be the next best step in your career. You will develop an understanding of how accounting systems facilitate internal management planning and decision-making. You'll then begin to apply this knowledge to real business case studies. You'll comparatively study different types of firms within a range of industries, leaving you with a wealth of transferable skills to take into your future endeavours. Whether you see yourself running your own business or working in higher management, studying Management Accounting will help you achieve your goals. You will be exposed to department costing, budgeting and allocation, transfer pricing and every aspect of strategic financial management. In this unit, you will study:

  • Introduction to Managerial Accounting
  • Cost estimates & behaviour
  • Allocation of costs
  • Cost-volume-profit analysis
  • Master of budgets
  • Variance analysis
  • Product costing
  • Process costing
  • Activity-based costing
  • Decision -making issues

Learning outcomes

  • Discuss the accountant's role in the organisational decision-making process including professional ethics and management control systems
  • Evaluate and apply different costing concepts and techniques used to drive and support financial and operational goals
  • Explain the role of budgets, prepare a master budget, flexible budget and conduct direct and overhead variance analysis


You are assessed according to the following components, each with its own weighted value against your overall result:

  • Quiz: 20%
  • Report: 30%
  • Exam (closed book): 50%


You can study this unit as part of the Graduate Diploma in Accounting.   Please note, unit structure and content are subject to change. Contact your SCU Online student advisor on 1300 589 882 for more information based on your particular circumstances.