This unit focuses on the understanding and use of financial information and the composition and meaning of financial statements.  It is designed from a user-perspective for those who use accounting information, rather than those whose task it is to prepare information. The unit covers accounting reports prepared for external users, as well as accounting reports used by managers to plan, control and make decisions. Students will demonstrate skills in accounting techniques used to gain intelligence to plan and control business operations and plan future business activity.

Unit details

Victoria University Online
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Credit points:
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Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Assess information and business support systems to monitor issues, problems and opportunities affecting business;  
  2. Evaluate accounting information in the planning and control of business operations;  
  3. Analyse financial reports to inform users of business performance and position;  
  4. Verify and synthesise information required for short and long-term decision making relevant to management accounting; and,  
  5. Articulate and devise problem-solving techniques for making informed management decisions and communicate the outcomes of the decision-making process to diverse stakeholders.  


Assessment type Description Grade
Assignment Practical costing behaviour for decision making (500 words) 10%
Exercise Evaluation of financial reports to support business intelligence and decision making (2000 words) 40%
Report Analysing accounting information for managerial decision making (2500 words) 50%

Where to next?

As part of a course

This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.

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