Credit Points 10

Legacy Code 200821

Coordinator Andrew Han Opens in new window

Description This unit focuses on developing the ability to use accounting information, as extracted from financial reports, to assist with managerial decision making. Students will gain financial literacy through developing an understanding of the information contained in financial reports and applying this information to practical decisions. This unit emphasises the function of both financial and management accounting in measuring, processing and communicating information useful for decision making.

School Business

Discipline Accounting

Student Contribution Band HECS Band 4 10cp

Level Postgraduate Coursework Level 7 subject

Restrictions

Students must be enrolled in a postgraduate program.

Learning Outcomes

On successful completion of this subject, students should be able to:

1. Interpret the basic terms and concepts of both financial accounting and management accounting enabling interpretation of information in financial reports;
2. Identify the role and limitations of general purpose financial statements in providing information for decision making;
3. Use financial analysis tools to evaluate external financial reports for performance, position and working capital requirements;
4. Apply cost behaviour concepts and various costing systems to decision making;
5. Demonstrate an understanding of the significance of budgets for planning and control;
6. Analyse internal accounting reports for performance evaluation.

Subject Content

Usefulness of accounting information for decision making
Structure and use of financial accounting reports
Analysis of financial accounting reports
Structure and use of management accounting information, including cost behaviour and budgets
Analysis of management accounting information