AC400 Agribusiness Accounting

DESCRIPTION

This unit introduces students to the techniques and information provided by accounting information systems to resolve agribusiness managerial problems. It examines the managing and reporting of a company’s financial position, financial performance, and cash flows. Students will analyse and interpret financial statements and examine the different forms of cost-volume-profit analysis. This unit also examines full costing and budgeting techniques, capital investment strategies, and current trends and performance evaluation methods.

RELEVANT COURSES

Master of Business Administration (Agriculture)*

Master of Agricultural Information Management*

Graduate Diploma of Agribusiness*

Graduate Certificate in Management*

*Core unit

Elective unit

CREDIT POINTS

10

DELIVERY MODE

On campus

Online

Mixed mode

PREREQUISITE OR CO-REQUISITE

Nil

UNIT LEARNING OUTCOMES

LO1 Analyse and interpret information provided from an agribusiness accounting information system

LO2 Critically analyse standard agribusiness management problems, and using appropriate accounting analytical

LO3 Demonstrate knowledge of accounting tools and techniques for assisting agribusiness managerial decision making

LO4 Critically evaluate and analyse accounting information in a range of agribusiness management issues

LO5 Critically analyse and report on the range of appropriate accounting methods applicable to a given management decision making problem

CONTENT

  • Introduction to accounting, agribusiness accounting, and business decision making
  • Recording transactions
  • Accrual and cash basis accounting and agribusiness industry specific revenue recognition
  • Preparation and presentation of financial statements
  • Cash, bank reconciliations, and receivables
  • Accounting for inventory and merchandising operations
  • PPE, non-current farm assets, intangibles, depreciation, and impairment
  • Investments and international operations
  • Liabilities
  • Shareholders’ equity, agricultural cooperative accounting, and patron accounting
  • Cash flows
  • Financial statement analysis

ASSESSMENT METHODS

  1. Online Quiz – 20%
  2. Oral Presentation and Report – 30%
  3. Exam – 50%

PRESCRIBED READINGS

Miller-Nobles, T., Mattison, B. L., Matsumura, E. M., Best, P., Keene, D., & Tan, R. (2021). Financial Accounting (9th ed). Melbourne: Pearson. 

Bragg, S. M. (2019). Agricultural Accounting: 2nd ed: A Practitioner’s Guide. Accounting Tools, Inc.

Check with the lecturer each semester before purchasing any textbooks