Financial Information for Decision Making
Equip yourself with the accounting concepts you'll need to evaluate business information and inform your decision-making process.
Become familiar with accounting tools. Prepare financial reports for businesses. Work autonomously and within a team.
Your upfront cost: $0
Subjects may require attendance
- 29 Nov 2021
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Students who successfully complete this subject will be able to:
- Discuss and evaluate the role that financial information plays in practice within an environment of business decision making
- Apply accounting tools to prepare financial reports for both external and internal business use
- Research and evaluate financial information in order to solve problems and to aid business decision making
- Organise and communicate financial information, supported by well-reasoned arguments as appropriate
- Work both independently and as a member of a diverse team.
- 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
You should not enrol in this subject if you have successfully completed any of the following subject(s) because they are considered academically equivalent:
- USA-ACG11-Accounting for Business (No longer available)
- SWI-ACF110 (Not currently available)
- Other requirements -
This subject has a required e-book.
Accounting: Business Reporting for Decision Making, 6th Edition. WileyPLUS Learning Space with ORION + E-Text
By: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks,
Follow the below link to purchase it.
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.
- Individual (20-30%)
- Group (20-30%)
- Invigilated Exam — Individual (40-60%)
Current study term: 28 Nov 21 to 27 Feb 22
Check the learning management system (LMS) of your university for textbook details.
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