Subject details

Students who successfully complete this subject will be able to:

  1. Discuss and evaluate the role that financial information plays in practice within an environment of business decision making
  2. Apply accounting tools to prepare financial reports for both external and internal business use
  3. Research and evaluate financial information in order to solve problems and to aid business decision making
  4. Organise and communicate financial information, supported by well-reasoned arguments as appropriate
  5. Work both independently and as a member of a diverse team.
  • Topics

    • Financial reporting - Introduction to financial reports and their use in decision making
    • Recording & reporting business transactions using accrual accounting
    • Preparation and use of Cash Flow Statement
    • Analysis & Interpretation of Financial Reports
    • Introduction To Performance Evaluation - Business Unit & Business Unit Manager
    • Revenue & Cost Determination
    • Cost Behaviour & Cost Volume Profit Analysis (CVP)
    • Operational Decision Making
  • Study resources

    • Online Materials

      • Printable format materials

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:

Special requirements

The aim of this subject is to provide a framework to learn accounting concepts. Students will learn how accounting concepts can be applied in business and provide useful information for evaluating and decision-making. Whatever aspect of business students intend to specialise in, they will need to be familiar with the concepts and principles underlying the practice of accounting. Such knowledge will enable students to understand the importance of financial information in decision-making and thereby provide them with the necessary financial literacy for their future roles in the world of business.

Please note: assessment values are indicative only, details will be advised at the start of the subject.

  • Analysis Task — Group (20-30%)
  • Invigilated Exam — Individual (40-60%)
  • Individual Test (20-30%)

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.

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Related Degrees

undergraduate SWI-BUS-DEG-2018

Bachelor of Business

13 available majors
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  • Bachelor of Business Core Subjects
  • Major in Advertising (this Major is currently in teach-out)
  • Major in Economics
  • Major in Finance
  • Major in Information Systems
  • Major in Marketing
  • Co-Major in Advertising (this Co-Major is currently in teach-out)
  • Co-Major in Economics (for Finance students)
  • Co-Major in Economics (not for Finance students)
  • Co-Major in Finance (cannot be taken with the Finance or Economics Major)
  • Co-Major in Finance (for Economics students)
  • Co-Major in Information Systems
  • Co-Major in Marketing (cannot be taken with the Marketing Major)

undergraduate GRF-BUS-DEG-2018

Bachelor of Business

5 available majors
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  • Business Introductory Core Subjects
  • Major in Human Resource Management
  • Major in Management
  • Major in Contemporary Marketing
  • Major in International Hotel Management (Last year of offer 2018)

undergraduate SWI-CIS-DEG-2018

Bachelor of Business Information Systems

5 available majors
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  • Core Subjects Information Systems
  • Major in Business Analysis
  • Major in Data Analytics
  • Co-Major in Economics
  • Co-Major in Marketing