Accounting Information and Managerial Decision Making
Duration
- One Semester or equivalent
Contact hours
- 36 hours face to face + blended
On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.
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.
Unit Learning Outcomes (ULO)
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.
5. Work in diverse groups or individually solve problems using accounting information. Unit information in detail
- Teaching methods, assessment and content.
Teaching methods
Hawthorn
Type | Hours per week | Number of Weeks | Total |
On Campus Class | 3 | 12 | 36 |
Unspecified Activities Independent Learning | 9.5 | 12 | 114 |
TOTAL | 150 hours |
Swinburne Online
Type | Hours per week | Number of Weeks | Total |
Online Learning Activities | 12.5 | 12 | 150 |
TOTAL | 150 hours |
Assessment
Types | Individual/Group Role | Weighting | Unit Learning Outcomes (ULOs) |
Assignment | Group | 40-50% | 1,2,3,4,5 |
Test | Individual | 10-20% | 1,2,3,4 |
Final Semester Test | Individual | 30-50% | 1,2,3,4 |
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.