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.
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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.
You are recommended to have completed the following subjects(s) or have equivalent knowledge before starting this subject:
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: 17 Jul 22 to 23 Oct 22
Check the learning management system (LMS) of your university for textbook details.