Enrolments for 2020 have closed.
Accounting for Decision Making
Postgraduate | ACU-ACCT600 | 2020
Course information for 2020 intake
View information for 2021 course intakeBe introduced to accounting and the benefits of informed and ethical decision making that are connected to the discipline. Study fundamental accounting concepts including the accounting cycle, financial statements, and cash management and control.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Part of a degree
- Duration
- 13 weeks
FEE-HELP available
Accounting for Decision Making
About this subject
On successful completion of this subject, students should be able to:
- Critically examine the effectiveness of internal controls within an organisation
- Analyse the elements of accounting, as recognised in the International Financial Reporting Standards (IFRS), by applying the accounting treatment for complex business transactions over the complete accounting cycle using double entry bookkeeping
- Appraise the purpose of and prepare financial statements, in line with IFRS for various complex business structures
- Critically evaluate, in a group setting or individually, a set of financial statements to assess the performance of an organisation
- Elaborate on the fundamental and ethical role of accountants and accounting in economic decision-making and the manner in which accounting decision-making can promote common good for individuals, society and the environment
- Decision making and the roles of accounting
- Financial statements for decision making
- Recording transactions
- Adjusting the accounts
- Completing the accounting cycle
- Presentation of financial statements
- Analysis and interpretation of financial statements
- Cash management and control
- Receivables
- Inventories
- Accounting for partnership
This subject is integral to learning the complex discipline of accounting. A discipline that is becoming more and more in demand with the growth and evolution of the world economy. This subect provides an introduction to accounting and the application of these concepts in decision-making by a wide range of potential stakeholders. The knowledge gained from this subect also benefits those who will not pursue an accounting career as they will become more confident in communicating with accountants and have some idea of how financial reports are prepared and analysed.
The subject focuses on both theoretical and practical applications of fundamental accounting concepts; International Financial Reporting Standards (IFRS); recording transactions; accounting cycle; internal control; and preparing, analysing and interpreting financial reports. Emphasis is placed on utilising financial information for decision making in consideration of its ramifications on common good for individuals, society as a whole and the environment, and other stakeholders.
Hence, the aim of the subect is to provide students with a foundation in basic accounting concepts, preparation of financial statements, and the evaluation of organisational performance. The subject also aims to bolster students’ awareness about ethical decision making in accounting.
Assessments are used primarily to foster learning. ACU adopts constructivist approach to learning, which requires alignment of learning outcomes, teaching, learning and assessment and the environment in which learning occurs. Assessment is an integral part of the learning process. Assessment tasks in this subject are aimed at measuring and developing student’s achievement of the learning outcomes
- Assignment 1 (30%)
- Assignment 2 (20%)
- Online Exam (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
Established in 1991 after amalgamating four eastern Australian Catholic tertiary institutes, Australian Catholic University now has seven campuses, from Brisbane to Melbourne and welcomes students of all beliefs. Specialising in arts, business, education, health sciences, law, theology and philosophy, ACU encourages its students to think critically and ethically and bring change to their communities and offer this online through Open Universities Australia.
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- Times Higher Education Ranking 2024:
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Entry requirements
To enrol in this subject, you must be admitted into a degree.
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.