Financial Information for Decision Making - 2017

Unit summary

ACC10007

  • Level of Study: Undergraduate Level 1
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP, HECS-HELP
  • Availability for 2016: SP1 , SP2 , SP3 , SP4
  • Availability for 2017: SP1 , SP2 , SP3 , SP4
  • Assessment: Analysis Task - Group (20-30%) , Assessments - Individual/Group (20-30%) - Learn more

Unit provided by

or
2017 Fees
AUD$
Domestic 2,893.00
HECS 1,324.00
International 3,143.00

The aim of this unit is to provide a framework for students to learn basic accounting concepts and show how these concepts can be applied to financial reports (for both internal  and external use) that provide useful information for business evaluation and decision making. The unit has been designed to meet the needs of two broad categories of students. For those intending to take further studies in accounting, this unit will serve as an essential foundation and preparation for that continued study. For those who do not intend to take further units in accounting, the experience gained from this unit will be invaluable to their future business career. Whatever aspect of business students intend to specialise in, they will need to be familiar with the concepts and principles underlying the practice of accounting.  Such knowledge will enable students to understand the importance of financial information in decision making and thereby provide them with the necessary financial literacy for their future role in the world of business.

Please note: assessment values are indicative only, details will be advised at the start of the unit.

On successful completion of this unit, students will be able to:

  1. Discuss and evaluate the role that financial information plays in practice within an environment of business decision making
  2. Apply accounting tools to prepare financial reports for both external and internal business use
  3. Research and evaluate financial information in order to solve problems and to aid business decision making
  4. Organise and communicate financial information, supported by well-reasoned arguments as appropriate
  5. Work both independently and as a member of a diverse team.
  • Analysis Task — Group (20-30%)
  • Assessments — Individual/Group (20-30%)
  • Invigilated Exam — (40-60%)
For more information on invigilated exams see Exams and results

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:

  • Broadband access

This unit addresses the following topics.

NumberTopic
1Financial reporting - Introduction to financial reports and their use in decision making
2Recording & reporting business transactions using accrual accounting
3Preparation and use of Cash Flow Statement
4Analysis & Interpretation of Financial Reports
5Introduction To Performance Evaluation - Business Unit & Business Unit Manager
6Revenue & Cost Determination
7Cost Behaviour & Cost Volume Profit Analysis (CVP)
8Operational Decision Making

This unit is delivered using the following methods and materials:

Online materials

  • Printable format materials

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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