Accounting for Business Decisions

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

Equivalent subjects

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

• RMI-OMBA220 (Not currently available)

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

• RMI-BUSM4521-Design Thinking for Business (Executive)
• RMI-OMBA600 (Not currently available)
• RMI-OMBA100 (Not currently available)

Additional requirements

No additional 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.

• 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%)

Current study term: 18 Jul 21 to 24 Oct 21