Cost and Management Accounting
University of Otago
Dunedin, New Zealand
Area of Study
Accounting, Business, Business Management
Taught In English
BSNS 107 and ACCT 102 (each passed with a grade of at least C+) and 54 further points from Commerce Schedule C
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
Understanding cost and management accounting information, with an emphasis placed upon issues of planning and control of organisation, including budgeting and performance evaluation, relevant costs for decision making and pricing.
This paper is taught through lectures and seminars.
To provide students with an understanding of, and ability to produce, cost and management accounting information that is used in planning and control of organisations. Particular emphasis is placed on mastering the topics of budgeting, variances and performance evaluation, relevant costs for decision making, pricing, treatment of overhead and allocations, and considering the influence that human behaviour and strategic direction have on those processes and the use of this cost accounting information.
Core topics are:
1. Relevant costing
2. Cost allocation
3. Budgeting and standard costing
4. Cost ? volume ? profit analysis
5. Strategic and behavioural management
- An understanding of and ability to calculate and apply the costing techniques
- Understanding of the interrelationship of these costing techniques with other business functions (e.g. marketing, human resource management, strategy) and their role in real organisations
- Problem-framing and analytical skills, information seeking and retrieval skills, problem solving skills
- Critically evaluate a previously unseen organisational situation for its cost and management accounting issues
- Formulate clear ideas about the problems and issues involved, and about any likely further information and knowledge that might be required to deal with the issues identified
- Gather the necessary information and knowledge, and re-formulate an understanding of the issues
- Apply any necessary analysis and understanding to formulate alternatives to resolve the identified issues while being aware of the strengths and weaknesses of various alternative courses of action, and to recommend a set of actions to resolve the issues
- More independence and self-direction in your approaches to learning
Cost Accounting. A Managerial Emphasis. Global 15th edition. Authors: Horngren C.T, Datar S.K and Rajan M.V. Publisher: Pearson. Two options: Hard copy only or value pack (Hard copy plus e-text & My Accounting Lab).
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.