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Postgraduate RMI-OMBA610-2021

Accounting for Business Decisions

Add accounting skills and knowledge to your arsenal and use them to inform your business decisions. Run through accounting reporting and recording methods. Zero in on working capital. Explore this study area from the perspective of a business manager.

From

$4,656 $4,906

Your upfront cost: $0

International student?

Duration

14 weeks

Study method

100% online

Available loans

  • FEE-HELP

Assessments

100% online

Prior study

Not required

Study terms

  • 01 Mar 2021
  • 19 Jul 2021
RMIT University - Logo
Australia's largest dual-sector institute, offering both TAFE and higher education, RMIT University proudly delivers work-related education and practical research relevant to current business and community needs. More than 60,000 students study with RMIT, and many of their degrees are available through Open Universities Australia.

QS RANKING 2021

15

Times Higher Education Ranking 2021

23

  • 2021

Subject details

What you'll learn

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.
Topics covered
    • Please refer to RMIT University's Learning Management System - Canvas, for further details.
Entry requirements

Equivalent subjects

You cannot enrol in this subject 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 subject:

  • RMI-OMBA600
  • RMI-BUSM4521-Design Thinking for Business (Executive)
  • RMI-OMBA100

Special requirements

No special requirements

Description

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.

Assessments

  • Assessment Task 1 (Linked CLOs: 1, 2, 5) (20%)
  • Assessment Task 2 (Linked CLOs: 1, 2, 5) (30%)
  • Assessment Task 3 (Linked CLOs: 3 ,4, 5) (50%)
Textbooks

Check the learning management system (LMS) of your university for textbook details.

Check the learning management system (LMS) of your university for textbook details.

Related degrees

Postgraduate RMI-MBA-GCE-2021

Graduate Certificate in Business Administration Executive

Postgraduate RMI-MBA-MAS-2021

Executive MBA

Postgraduate OUA-PSU-GCE-2021

Postgraduate Single Subjects

Postgraduate UNE-PRO-GCE-2021

Graduate Certificate in Professional Practice

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