Accounting for Decision Making

Unit code: BAO1101 | Study level: Undergraduate
12
(One credit point is usually equivalent to one hour of study per week)
City Campus
City Flinders
Footscray Park
Online Real Time
VU Sydney
N/A
Overview
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Overview

The objectives of the unit are to provide a basis for further accounting studies, yet meet the needs of students from other areas of business studies; to introduce students to basic accounting concepts and selected accounting practices; and to introduce students to the role of, and the processes involved in, planning and decision making within the business environment. Students will examine the roles of accounting and management planning for substantiating organisational decision making. To undertake this examination, students will synthesise principles and key professional practices of: accounting concepts; cash and accrual accounting; preparation of financial statements; forms of business ownership, and effect on financial statements. Following an introduction to budgeting, students will critically assess: the use of budgets for control and performance reports; analysis and interpretation; evaluation of performance; the operating cycle; and short term decision making and cost behaviour.

Learning Outcomes

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

  1. Critically assess different types of decisions relevant to maximising business performance;
  2. Devise the use of accounting information in the planning and control of business operations;
  3. Construct General Purpose 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;
  5. Articulate and devise problem-solving techniques in making informed management decisions; and
  6. Validate and communicate the outcomes of the decision making process.

Study as a single unit

This unit can be studied on its own, without enrolling in a full degree.

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Assessment

For Melbourne campuses

Assessment type: Test
|
Grade: 50%
Multiple Choice Tests - 3 progressive assessments (10%, 10%, 30%)
Assessment type: Assignment
|
Grade: 30%
Share-market-Listed
Assessment type: Journal
|
Grade: 20%
Reflective Journal - reflect on content & experience

Other locations

For students studying at VU Sydney, Central University of Finance and Economics, Henan University, Liaoning University, National School of Business Management, Colombo, Sunway College Johor Bahru
Assessment type: Test
|
Grade: 20%
i) Weekly Online Multiple Choice Tests - 10% and ii) Mid-semester Multiple Choice Test - 10%
Assessment type: Presentation
|
Grade: 5%
Oral Presentation - Problem Solving
Assessment type: Assignment
|
Grade: 25%
Share-market-Listed
Assessment type: Examination
|
Grade: 50%
Final Exam (3 Hours)

Required reading

Accounting: Business Reporting For Decision Making,
Birt, J., Chalmers, K., Maloney, S., Brooks, A., and Oliver, J., (2017)| Wiley Direct Australia Ltd.

As part of a course

This unit is studied as part of the following course(s):

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