Managerial Accounting (Emeritus)

Description

Managerial accounting underpins how organisations plan and control operations, manage resources, and create long-term value. This unit develops rigorous, practice-oriented capabilities in cost measurement and decision support, embedding Sustainable Development Goal 3: Good Health and Well-Being to advance the common good and uphold human dignity. Students learn to analyse cost behaviour and drivers; apply cost-volume-profit analysis, relevant costing, pricing and make-or-buy decisions; design budgets and forecasts; implement standard costing and variance analysis; and deploy activity-based, target, life-cycle, and lean costing to improve processes. Performance management encompasses responsibility accounting, transfer pricing, incentive design, and the balanced scorecard, which integrates financial and non-financial indicators. Data analytics and dashboard reporting are utilised for sensitivity and scenario analysis, capacity planning, and quality measurement in settings such as hospitals and aged care facilities. Environmental, Social, and Governance (ESG) and well-being metrics are integrated throughout, demonstrating how environmental costs, staff well-being, and community outcomes influence cost allocation, resource prioritisation, and accountability, as well as how governance aligns managerial choices with ethical and societal objectives. The aim is to equip graduates to design and defend value-enhancing systems that balance efficiency, quality, and care, strengthen stewardship of scarce resources, and deliver outcomes that serve organisations, patients, and communities.