Study an overview of accounting and financial management to support good decision making and performance in the business world. Looking toward ethical business practice, this subject offers key concepts and practical applications for non-specialists.
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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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- Enrolling and eligibility
- Fee and loan information
- Credit and recognition for prior learning
On completion of this subject students should be able to:
- examine the role and purpose of accounting as well as how accounting can be viewed in a social good context
- apply budgeting and forecasting tools for management and financial planning purposes
- apply effective verbal, visual and nonverbal communication skills for different target audiences, both individually and in teams
- evaluate and defend a business’ strategic decision-making using financial analysis and cost volume profit analysis tools
- analyse and critique the corporate social responsibility of businesses
- Managing and reporting financial position and performance
- Financial planning for business purposes
- Managing and reporting cash flows
- Ethics, corporate social responsibility and sustainability accounting
- Decision making and the nature and role of accounting
- Measuring and reporting accounting information
- Cost-volume-profit analysis, relevant costs, and cost-benefit analysis
You should not enrol in this subject if you have successfully completed any of the following subject(s) because they are considered academically equivalent:
- ACU-ACCT600-Accounting for Decision Making (No longer available)
No additional requirements
It has been proven that a lack of knowledge and ethical accounting and financial analysis skills is catastrophic to the business world. This subject provides a broad-based introduction to accounting and finance to enable you to acquire an understanding of the main concepts and their practical application in management decision making without in-depth technical detail. This subject will provide you with a non-specialist grounding in accounting and financial management so that you can appreciate the financial dimensions of decisions within business. Moreover, the subject is grounded in the role of ethics and corporate social responsibility within the context of financial management in the promotion of the common good. The subject will enable you to recognise the impact of economic transactions on a business’ financial and operating capability. The aim of this subject is to enable you to develop essential accounting and financial planning and forecasting skills required for organisation management.
In order to pass this unit, students are required to achieve an overall score of at least 50%. Using constructive alignment,
- Memo (30%)
- Board Report (30%)
- Video Recording (40%)