MACQUARIE UNIVERSITY 
ACCG2000: Cost Analysis and Managerial Decision Making 
Comprehensive Revision Guide and Course Notes 2025 
 
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Cost Analysis and Managerial Decision Making (ACCG2000) - Macquarie Uni.

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ACADEMIC YEAR 2024 - 2025

University	Macquarie University
Unit Code	ACCG2000
Credit Points	10
Unit Name	Cost Analysis and Managerial Decision Making
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	119

This comprehensive guide for ACCG2000: Cost Analysis and Managerial Decision Making at Macquarie University provides the necessary tools to help you excel in the unit. The document covers all topics with clear explanations, illustrations, and worked examples to deepen your understanding and application of key concepts. It is logically structured, highlighting important concepts and methods, including practical examples to demonstrate their applications. This guide, featuring the latest course content, will help you prepare to excel in your studies.

This unit is the first of the two units in cost and management accounting that are required for accreditation with CPA Australia, the Chartered Accountants Australia and New Zealand (CAANZ) and the Institute of Public Accountants (IPA). The unit explains how cost information is generated and used in organisations for decision making purposes. There are three main parts to the unit: 1) using costs for decision making; 2) costing techniques (job/process costing and cost allocations); and 3) budget setting and evaluating performance against the budget. By the end of the unit, students are able to distinguish between the various product costing techniques available, solve problems by identifying and selecting appropriate courses of action, and demonstrate an understanding of budgeting techniques and the behavioural issues associated with budgeting practices.

Main topics to be covered:

Basic Cost Concepts and Terms
Cost-Volume-Profit Analysis
Product Costing Systems – Job Costing
Process Costing
A Closer Look at Overhead Costs
Activity-Based Costing
Excel Lecture
Service Costing
Absorption and Variable Costing
Information for Decisions
Product Mix Decisions
Budgeting
Standard Costing for Control

Prerequisites: 40cp at 1000 level or above including ACCG1000.

UNIT CODE	UNIT NAME
ACCG1000	Accounting for Decision Making
ACCG1001	Accounting and Governance
ACCG2000	Cost Analysis and Managerial Decision Making
ACCG2024	Financial Accounting and Reporting Analysis
ACCG2051	Governance, Business and Corporations Law
ACCG3008	Business and Risk Advisory
ACCG3020	Tax in Practice
ACST1001	Finance Fundamentals
AFIN1002	Corporate Finance and Capital Markets
AFIN2050	Investments
AFIN3029	Derivative Instruments
AFIN3052	Applied Portfolio Management
AFIN3053	Advanced Corporate Finance
ECON1020	Economics and Business Strategy
ECON2003	Microeconomic Analysis and Applications
ECON2004	Macroeconomic Analysis and Applications
ECON2041	Introductory Econometrics
MGMT1002	Managing for Impact
MKTG1001	Marketing and Value Creation
STAT1103	Introduction to Psychological Design and Statistics
STAT1250	Business Statistics and Insights
STAT1371	Statistical Data Analysis

Cost Analysis and Managerial Decision Making (ACCG2000) - Macquarie Uni.

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