AC402 Accounting for Decision Making

DESCRIPTION

This unit provides real-world understanding of accounting for decision making by introducing the key ideas of financial and management accounting and the technical aspects of accounting. Content covers the critical interpretation of company financial statements and examines different forms of cost-volume-profit analysis. Students will also learn how to apply full costing and budgeting techniques, capital investment strategies, and current trends and performance evaluation methods.

RELEVANT COURSES

Master of Business Administration

Graduate Diploma of Business Administration

Graduate Certificate in Business Administration

CREDIT POINTS

10

DELIVERY MODE

On campus

PREREQUISITE OR CO-REQUISITE

Nil

UNIT LEARNING OUTCOMES

LO1 Demonstrate and apply detailed understanding of financial statements in business decision making

LO2 Use appropriate accounting analytical techniques to analyse management problems

LO3 Critically evaluate the role of capital budgeting and capital budgeting process

LO4 Explain in detail how changes in volume affect costs for business decisions

LO5 Identify, critically analyse, and solve problems in diverse areas of accounting

CONTENT

  • Accounting and the business world
  • Accounting records and business transactions
  • Accrual accounting worksheets preparing reports
  • Accounting cycle and producing financial statements
  • Financial statement analysis
  • Cash and cash controls
  • Management accounting foundations and budgeting
  • Job costing
  • Cost-volume-profit analysis for effective decision making
  • Decision making
  • Capital investment decisions and time value of money
  • Emerging issues

ASSESSMENT METHODS

  1. Quizzes – 20%
  2. 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.

Check with the lecturer each semester before purchasing any textbooks