ACC512 Management Accounting for Costs and Control (8)

This subject focuses on management accounting for cost and control purposes in an organisational context. It emphasises the use of quantitative techniques and computer software including spreadsheets. The subject includes an overview of management accounting perspectives with an emphasis on systems design and provides a framework for problem solving and analysis of conventional and modern cost accounting paradigms including job and process costing, standard costing and variance analysis, relevant costs for decisions, activity-based costing, kaizen costing, just-in-time, target costing, control systems, benchmarking, performance evaluation and balanced scorecard.


Session 1 (30)
On Campus
CSU Study Centre Brisbane
CSU Study Centre Melbourne
CSU Study Centre Sydney
Session 2 (60)
On Campus
CSU Study Centre Brisbane
CSU Study Centre Melbourne
CSU Study Centre Sydney
Port Macquarie Campus
Wagga Wagga Campus
Session 3 (90)
Wagga Wagga Campus

Continuing students should consult the SAL for current offering details: ACC512. Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System



One session


School of Accounting and Finance

Enrolment Restrictions

Postgraduate students only.

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to discuss and critique the historical and ethical development of management accounting;
  • be able to apply cognitive skills in the design and operation of costing systems;
  • be able to critically evaluate the design and operation of performance management systems;
  • be able to explain the role of management accounting in organisational contexts and the implications for management accounting of different paradigms;
  • be able to apply analytical and synthetical skills in report writing, and use quantitative techniques and computer software including using the Internet as a professional source;
  • be able to create and implement computerised decision models; and
  • be able to critique how managers make decisions.


This subject will cover the following topics:
  • purposes of management accounting, ethics and management accounting, elements of management control, the Internet as a professional resource, spreadsheeting; cost benefit, responsibilities of the management accountant;
  • history of management accounting, cost concepts, cost allocation, product costing, job costing, manufacturing overhead, lean accounting, TQM, Six Sigma;
  • system design, overhead application methods, process costing, weighted average, standard costs, just-in-time variable and absorption costing;
  • budgeting, variance analysis and control, kaizen budgeting systems, human aspects of budgeting, motivation;
  • service department cost allocation, joint products and by-products;
  • the design of cost accounting and control systems; activity based costing, quality management, target costing, theory of constraints, benchmarking;
  • preparation of reports for management decision making, responsibility accounting, decentralised organisations, performance measurement (including ROI, RI, EVA and balanced scorecard);
  • relevant costs and management decision making, special orders, make or buy decisions, outsourcing and further processing decisions;
  • strategic decisions, critical thinking and business reports, Panopticism and control systems.

Indicative Assessment

The following table summarises the assessment tasks for the online offering of ACC512 in Session 3 2020. Please note this is a guide only. Assessment tasks are regularly updated and can also differ to suit the mode of study (online or on campus).

Item Number
Value %
Online tests
Neptune australasia assignment 1
Neptune australasia - assignment 2
Final exam

The information contained in the CSU Handbook was accurate at the date of publication: May 2021. The University reserves the right to vary the information at any time without notice.