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22744 Strategic Resource Management

UTS: Business: Accounting
Credit points: 6 cp

Subject level: Postgraduate

Result Type: Grade and marks

Requisite(s): 22747 Accounting for Managerial Decisions OR 22784 Accounting: Concepts and Applications OR 22746 Managerial Accounting
These requisites may not apply to students in certain courses.
There are also course requisites for this subject. See access conditions.

Handbook description

This subject develops knowledge and skills in the design of cost systems of firms to improve the effectiveness of pricing, product and customer mix decisions, and product and process design. It incorporates the latest developments in the field of cost management accounting, such as value chain analysis, activity-based costing, new technology such as FMS and its impact on the design of cost management systems, and the design of non-financial performance measures used in benchmarking quality.

Subject objectives/outcomes

On successful completion of this subject, students should be able to:

  1. Understand the strategic role of management accounting in managing the resources of the organisations
  2. Understand value chain analysis
  3. Understand activity-based Costing and activity-based management and to use activity-based information in managing organisational resources
  4. Understand supply-chain management and managing customer profitability
  5. Understand the Theory of Constraints use to use accounting information in managing throughput
  6. Understand intangible assets and their role in creating value
  7. Be able to design a balanced scorecard to manage intangible assets.

Contribution to graduate profile

This subject builds on the skills and knowledge acquired in 22746 Managerial Accounting to develop skills and knowledge in the design of cost management accounting systems to effectively manage organisational resources. It incorporates the latest developments in the field of cost management accounting, such as value chain analysis, activity-based costing and management, theory of constraints and balanced scorecard.

Teaching and learning strategies

The subject will be taught using in a three-hour seminar using a case-study approach. Students are also required apply the knowledge they have acquired in the course to study a particular application of strategic cost management systems in their organisation contexts and present their findings both to the class and in a formal report.

Content

  • Revision of basic cost concepts and techniques
  • The strategic role of activity-based information in managing organisational resources
  • Theory of constraints and the management of throughput
  • Balanced Scored and knowledge management.

Assessment

Assessment item 1: Case analysis and presentation (Individual)

Objective(s): 1-7
Weighting: 25%
Task: Each week students are required to apply the concepts and techniques in analysing real life cases to demonstrate that students have met objectives 1-7.

Assessment item 2: Assignment (Group)

Objective(s): 1, 2, 3, 5, 7
Weighting: 25%
Task: The major assignment will be attempted as a group assignment. The objective of the major assignment is for students to apply the knowledge they have acquired in the subject to analyse and evaluate a particular application of cost management systems in an organisation of their choice. The analysis should show a mature understanding of the competitive environment, strategy, structure and operations of the organisation and of the relevant resource management issues involved. This will enable students to demonstrate that they have met objectives 1, 2, 3, 5 and 7.

Assessment item 3: Final Examination (Individual)

Objective(s): 1-7
Weighting: 50%
Task: The final examination will involve student analysing a major case and applying knowledge and skills they have acquired during the course to demonstrate that they have met objectives 1-7.