FNSACC527 - Provide management accounting information

Unit code: FNSACC527 | Study level: TAFE
Nominal hours:
60
Location
Footscray Nicholson
Prerequisites
N/A
Overview
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Overview

This unit describes the skills and knowledge required to gather, record and analyse operating and cost data, prepare budget reports, and review costing system integrity to calculate and record the costs of products and services.The unit applies to individuals who use specialised knowledge and analytical skills to manage complex financial data and develop comprehensive organisational reports.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each units learning outcomes & performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:

  • analyse data and information and provide management accounting information for each of the following:
  • at least two sets of operating and cost data
  • costs for at least two products, services or organisational units
  • at least one cost report and budget according to management information requirements
  • at least one report on variance between budgeted and actual data; and review integrity of costing systems.

Students will also be expected to demonstrate the following knowledge:

  • cost behaviour characteristics for different cost elements of a product or service
  • organisational policies and procedures that apply to costing systems
  • key requirements of management accounting information relating to own role
  • key principles and practices of budget preparation
  • relationship between variance analysis and costing system integrity.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by Victoria University and/or via the Victoria University e-learning system.

As part of a course

This unit is studied as part of the following course(s):

Diploma of Accounting
FNS50222 | Diploma | Duration:

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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