Subject details

  • Topics
    • Introduction
    • The Accounting Equation and Accounting Principles
    • Regulatory Framework
    • Balance Sheet
    • Income Statement and Statement of Changes in Equity
    • Statement of Cash Flows
    • Financial Statement Analysis
    • Cost-volume-profit analysis
    • Cost Accounting
    • Budgeting
    • Managing Working Capital
    • Sustainability Accounting
  • Study resources
    • Instructional Methods
      • Disscusion forum/Discussion Board
      • Embedded Multimedia
      • Web links
      • Online assignment submission
      • Online Quizzes/Tests
      • Standard Media

On successful completion of this subject 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.
  • Assignment 1 - Discussion Board Participation (20%)
  • Assignment 2 - Financial Analysis Report (30%)
  • Assignment 3 - Take Home Exam (50%)

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a subject

Entry Requirements

Equivalent Subjects

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

  • RMI-OMBA220

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

Special requirements

No special requirements

This subject 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 subject will also introduce sustainability accounting.

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

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