Accounting Information and Managerial Decision Making
Duration
- One Semester or equivalent
Contact hours
- 36
On-campus unit delivery combines face-to-face and digital learning.
2022 teaching periods
| Hawthorn HB7 HE Block 7 |
||
|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Aims and objectives
The aim of this unit is to provide students with the capacity to manage the finances of an organisation as well as to communicate financial decisions. Students are provided with the capacity to use financial information systems to inform decisions across a business. 5. Work in diverse groups or individually solve problems using accounting information.
Students who successfully complete this unit will be able to:
1. Apply critical and advanced knowledge and judgements and to take effective, ethical and timely actions regarding the current and future allocation of resources in the context of a complex global business environment.
2. Apply advanced knowledge of quantitative skills, evaluate the assumptions, behavioural implications and qualitative factors in decision-making.
3. Critically analyse key problems, list uncertainties and develop strategies from accounting and financial statements.
4. Apply decision making processes including interpreting bias, evaluating alternatives, organising information and clearly stating assumptions.
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Face to Face Mode:
Scheduled hours: Class (12 x 3 hrs)
Other Student workload: Other activities including independent study and assessment tasks for a total of approximately 150 hours
Fully Online Mode:
Students are expected to spend 4 hrs per week in engagement online with learning activities and discussion boards; and other activities including independent study and assessment tasks for a total of approximately 150 hours
Assessment
1. Class Test/s (Individual) 10-20%
2. Assignments (Group) 40-50%
3. Final Test (Individual) 30-50%
General skills outcomes
• Team work
• problem solving skills
• analysis skills
• communication skills
• ability to tackle unfamiliar problems, and
• ability to work independently
• communication skills
• ability to tackle unfamiliar problems, and
• ability to work independently
Content
• Accounting Information for Managers and other Stakeholders
• Private, Non-profit, Statutory authorities
• Performance Metrics, Economic Indices
• Management Perspective of Financial Statements
• Maintaining Capital, Returns to Suppliers of Funds
• Accounting Systems-Cash vs. Accrual Accounting
• Cash Flow Management
• Analysis of Operating Performance
• Cost Concepts, Relevant Costs for Decisions
• Cost Objects and Measurement
• Costs of Products, Services, Divisions
• Business Performance Reporting – Controllable Costs
• Short Run Decisions – Opportunity evaluation
• Strategic Planning and Budgeting Uncertainty
• Financial Planning – commercialisation of opportunities
• Private, Non-profit, Statutory authorities
• Performance Metrics, Economic Indices
• Management Perspective of Financial Statements
• Maintaining Capital, Returns to Suppliers of Funds
• Accounting Systems-Cash vs. Accrual Accounting
• Cash Flow Management
• Analysis of Operating Performance
• Cost Concepts, Relevant Costs for Decisions
• Cost Objects and Measurement
• Costs of Products, Services, Divisions
• Business Performance Reporting – Controllable Costs
• Short Run Decisions – Opportunity evaluation
• Strategic Planning and Budgeting Uncertainty
• Financial Planning – commercialisation of opportunities
Study resources
- Reading materials.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.