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Accounting for Business Decisions
Postgraduate | RMI-OMBA610 | 2024
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.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
FEE-HELP available
Accounting for Business Decisions
About this subject
On successful completion of this subject you will be able to:
- assess the financial reports of an organisation to identify areas that need to be improved and provide opportunity to consider how to respond
- select, communicate and advocate desirable strategies that will address complex financial problems and opportunities
- analyse and interpret organisational budget reports to ascertain the financial status of a business
- implement basic cost accounting tools to improve business outcomes
- apply research principles and design thinking to ascertain ethical and sustainable solutions for a given accounting problem.
- Please refer to RMIT University's Learning Management System - Canvas, for further details.
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.
- 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%)
For textbook details check your university's handbook, website or learning management system (LMS).
One of Australia's largest dual-sector institutes, 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 96,000 students study with RMIT, and many of their degrees are available through Open Universities Australia.
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- QS Ranking 2024:
- 11
- Times Higher Education Ranking 2024:
- 16
Entry requirements
To enrol in this subject, you must be admitted into a degree.
Prior study
To help set you up for success before you start this subject, we suggest completing or having equivalent knowledge in:
RMI-BUSM4521 (Not currently available)
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.