This focus of this unit is the role of accounting in managing an organisation within an increasingly complex business environment. This unit covers the fundamental accounting concepts and practices, which enable informed management planning and decision making to occur. An analysis framework will be introduced that could be applied to assess an organisation's profitability, liquidity and solvency. Topics include: the concept of Income Statements as a performance report, the Balance Sheet as a statement of financial position, Cash and Accrual Accounting systems, cash flow management, budgeting, internal control cost-volume-price behaviour, and incremental analysis decision making.

Unit details

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Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Interrogate, historical and projected financial statements;  
  2. Interpret and critically assess financial statements for sound performance management;  
  3. Apply knowledge of accounting analytical techniques to improve performance and evaluate potential for sustainable value creation;  
  4. Demonstrate accountability in autonomous and collaborative judgements and innovative strategic thinking in response to contemporary and future accounting challenges;  
  5. Clearly articulate the financial situation of the organisation and recommend strategic options and tactical initiatives; and  
  6. Work collaboratively in solving accounting problems.  


Assessment type Description Grade
Test In-class test (short answers and analytical questions) 20%
Report Company financial analysis report and presentation (Group) 30%
Examination Exam covering topics discussed during the term 50%

Required reading

Accounting: Business Reporting for Decision Making (6th Ed.).
Birt, J., Chalmers, K., Maloney, S., Brooks, A., & Oliver, J. (2014).
Milton, Queensland: John Wiley and Sons Australia Ltd.

The 6th Edition is not available in print. An electronic version of the required textbook is available through the publisher's website

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