ACCOUNTING FOR MANAGEMENT DECISIONS

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Overview

This subject aims to provide you with a broad introduction to the study of accounting and the role of accounting information in organisational decision-making and accountability. It provides you with an understanding of accounting concepts and processes that are fundamental to the preparation and use of standard accounting information. It … For more content click the Read more button below.

This subject aims to provide you with a broad introduction to the study of accounting and the role of accounting information in organisational decision-making and accountability. It provides you with an understanding of accounting concepts and processes that are fundamental to the preparation and use of standard accounting information. It also develops your awareness of the ethical, professional, organisational, and social contexts within which accounting is practiced. Accounting for Management Decisions is a pre-requisite to further study in accounting.

Portfolio

Arts, Social Sciences & Commerce (Pre 2022)

School

Subject coordinator

Kate Mai

Subject type

Undergraduate

Year level

Year Level 1 - UG

AQF level

Level 5 - Diploma

Available as elective

Yes

Available to study abroad / exchange students

Yes

Capstone subject
Capstones provide students with a way of integrating and applying knowledge and skills gained throughout their course.

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Subject instances

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Learning resources

Prescribed - Book - Financial Accounting - Reporting, Analysis and Decision Making

Career ready

Work based learning (placement):No

Graduate capabilities

DISCIPLINE KNOWLEDGE AND SKILLS

INQUIRY AND ANALYSIS - Creativity and Innovation

PERSONAL AND PROFESSIONAL - Ethical and Social Responsibility

Subject intended learning outcomes

On successful completion you will be able to:

Explain the role of accounting information in organisational decision-making and accountability.

Explain and discuss the ethical, professional, organisational, and social contexts within which accounting is practiced.

Apply sustainability in the accounting context.

Apply relevant accounting standards and the conceptual framework to record accounting transactions.

Produce a set of simple financial accounts from basic transaction and financial data.

Explain and critique some of the accounting conventions underlying the production of accounts.

Learning activities

Students will prepare answers to pre-workshop questions. These will either be further explored via case studies during the workshop or consolidated and expanded during the workshops. Assessment tasks review the theory components and the practical application of the theory.

Handbook