Following an introduction to budgeting, students will assess the fundamental principles underpinning the use of budgets for control and performance reports including: analysis and interpretation; evaluation of actual performance against budget; the budget operating cycle; and short term decision making and cost behaviour. The learning and teaching in the unit prepares students for transition to further study and the workplace by supporting them to develop academic and professional skills required for transition to further studies and the workplace.
|1.||Assess different types of decisions relevant to improving business performance;|
|2.||Discuss the use of accounting information in the planning and control of business operations;|
|3.||Prepare basic General Purpose Financial Reports to inform users of business performance and position;|
|4.||Analyse and integrate information required for short and long term decision making relevant to management accounting;|
|5.||Articulate and plan problem-solving techniques in making informed accounting decisions; and|
|6.||Demonstrate the development of fundamental academic and professional skills required for further study and the workforce.|
Students studying under the VU Block Model.
|Assignment||Individual Project: Business Report||20%|
|Test||Four (4) part online and in class Quiz||40%|
|Test||Transaction analysis and recording||20%|
|Test||In Class supervised test (2 hours)||20%|
|Test||Five (5) Online Tests (30 minutes – 1 hour duration; total is equivalent to 650 words)||15%|
|Test||Transaction Analysis and Recording Test (1.5 hours; equivalent to 400 words)||15%|
|Assignment||Individual Project: Share market Listed Company Analysis (equivalent to 450 words)||20%|
|Examination||Final Exam (2 hours; equivalent to 1500 words)||50%|
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