Accounting for Business Decisions - 2017

To enrol in this unit, you must be accepted into a course from the provider. Read before you start

Unit summary

OMBA610

  • Level of Study: Postgraduate
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 12 weeks
  • Government loans available: FEE-HELP
  • Availability for 2016: Sess 1 , Sess 2
  • Availability for 2017: Sess 1 , Sess 2
  • Assessment: Assessment - Hand-ins x 5 (15%) , Assignment - Individual Report (20%) - Learn more

Unit provided by

or
2017 Fees
AUD$
Domestic 4,320.00
International 4,570.00

This unit provides you with knowledge and skills of the fundamentals of accounting in the financial decision-making process. You will examine the accounting recording and reporting system, and analyse and interpret accounting information to make decisions within an organisation. You will investigate the key measures of financial performance and develop your ability to use accounting data to make informed business decisions. You will learn to prepare a budget, undertake cash flow analysis and learn how to implement basic cost accounting tools. This unit will also introduce sustainability accounting.

This unit draws on student experience as managers in industry (including experience in operating internationally and locally), and emphasises the importance of accounting in a business context.

This unit also emphasises the importance of the practice of sound business ethics as organisations seek to achieve their business goals and objectives.

On successful completion of this unit you will be able to:

  1. assess the financial reports of an organisation to to identify areas that need to be improved and provide opportunity to consider how to respond
  2. select, communicate and advocate desirable strategies that will address complex financial problems and opportunities
  3. analyse and interpret organisational budget reports to ascertain the financial status of a business
  4. implement basic cost accounting tools to improve business outcomes
  5. apply research principles and design thinking to ascertain ethical and sustainable solutions for a given accounting problem.
  • Assessment — Hand-ins x 5 (15%)
  • Assignment — Individual Report (20%)
  • Non-Invigilated Exam (40%)
  • Test — Online Test (25%)

Equivalent units

You cannot enrol in this unit if you have successfully completed any of the following unit(s) because they are considered academically equivalent:

  • OMBA220 — Finance and Accounting for Business Decisions

Recommended prerequisites

You are recommended to have completed the following unit(s) or have equivalent knowledge before starting this unit:

  • Broadband access

In order to enrol in this unit, you must be accepted into one of the following courses:

Please visit the course details page and read the Requirements tab for more information about eligibility.

This unit addresses the following topics.

NumberTopic
1Introduction
2The Accounting Equation and Accounting Principles
3Regulatory Framework
4Balance Sheet
5Income Statement and Statement of Changes in Equity
6Statement of Cash Flows
7Financial Statement Analysis
8Cost-volume-profit analysis
9Cost Accounting
10Budgeting
11Managing Working Capital
12Sustainability Accounting

This unit is delivered using the following methods and materials:

Instructional Methods

  • Discussion Forum/Discussion Board
  • Embedded Multimedia
  • Online Quizzes/Tests
  • Online assignment submission
  • Standard Media
  • Web links

This unit is a core requirement in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.

Textbook information for this unit is currently being updated and will be available soon. Please check back regularly for updates. Alternatively, visit the The Co-op website and enter the unit details to search for available textbooks.

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