Accounting for Decision Making

Unit code: VBE1000 | Study level: Undergraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
City Campus
Online Real Time
VU Sydney
Prerequisites
N/A
Overview
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Overview

This unit provides a basis for further accounting studies, while meeting the needs of students interested in pursuing studies in other areas of business. The unit introduces students to basic accounting concepts and selected accounting practices and to the role of, and the processes involved in, planning and decision making within the business environment. Students will begin to investigate the roles of accounting and management planning for supporting organisational decision making. To undertake this investigation, students will begin to integrate principles and key professional practices of accounting concepts; cash and accrual accounting; preparation of financial statements; and forms of business ownership.

Learning Outcomes

On successful completion of this unit, students will be able to:

  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.

Assessment

For Melbourne campuses

Assessment type: Assignment
|
Grade: 30%
Individual Project: Business Report (1000 words)
Assessment type: Other
|
Grade: 20%
On-line Quiz (45 min)
Assessment type: Case Study
|
Grade: 25%
Case study analysis (timed 1 hour)
Assessment type: Test
|
Grade: 25%
On-line test (timed - 1 hour)

Only non-programmable calculators without text and graphic facilities may be used in quizzes and tests. Smartphones are not allowed.

Other locations

For students studying at Henan University, Liaoning University
Assessment type: Test
|
Grade: 15%
Five (5) Online Tests (30 minutes – 1 hour duration; total is equivalent to 650 words)
Assessment type: Test
|
Grade: 15%
Transaction Analysis and Recording Test (1.5 hours; equivalent to 400 words)
Assessment type: Assignment
|
Grade: 20%
Individual Project: Share market Listed Company Analysis (equivalent to 450 words)
Assessment type: Examination
|
Grade: 50%
Final Exam (2 hours; equivalent to 1500 words)
Only non-programmable calculators without text and graphic facilities may be used in examinations. Share market Analysis: a real-life scenario about share market investment. It is an individual project where students select a company listed on the ASX. Share price performance, company websites & news announcements impacting share portfolio value are researched. Company annual reports are reviewed to find financial ratios profiling a company's profitability, stability & liquidity. Students submit a business report incorporating their research & recommendations.

This is a student-centred unit of study where students are responsible for managing their own time in completing set readings, further research, assessment tasks and other learning activities. Students are supported through regular on-campus contact sessions, such as lectures, tutorials and workshops and are expected to participate in these. For every contact hour it is expected that students will undertake another five hours of self-directed work per week.

For students studying at VU Sydney
Assessment type: Assignment
|
Grade: 30%
Individual Project: Business Report (1000 words)
Assessment type: Other
|
Grade: 20%
On-line quiz (45 min)
Assessment type: Case Study
|
Grade: 25%
Case study analysis (timed 1 hour)
Assessment type: Test
|
Grade: 25%
On-line test (timed - 1 hour)
Only non-programmable calculators without text and graphic facilities may be used in quizzes and tests. Smartphones are not allowed.

This unit is delivered in a block delivery model which allows students to take responsibility for their learning by accessing resources and completing activities using a combination of in person and on-line real-time facilitated sessions that progresses and applies the learning. Teaching and learning strategies used may include: presentations, practical case studies; project or group work. On-line real-time sessions will be facilitated through the use of the Zoom and VU Collaborate technologies to maintain remote connection with students; providing synchronous presentation of learning material and following on students’ progress; then supplementing this with an asynchronous work, such as question/answer period, remote support and study guidance.
Academic support is available for students who require additional support.

Required reading

There is no prescribed textbook for this unit.

As part of a course

This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.

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