ACCT 1001 Accounting Information for Managers

Credit Points 10

Legacy Code 200101

Coordinator Helen Black Opens in new window

Description This unit provides exposure to financial and management accounting information from the viewpoint of a non-accounting specialist. The unit aims to provide breadth of awareness and knowledge in relevant fields of accounting essential to decision making for managers.

School Business

Student Contribution Band HECS Band 4 10cp

Check your HECS Band contribution amount via the Fees page.

Level Undergraduate Level 1 subject

Equivalent Subjects LGYA 9762 - Introduction to Financial Accounting ACCT 1004 - Accounting Reports and Decisions ACCT 1003 - Accounting Information for Managers (WSTC) ACCT 1002 - Accounting Information for Managers (Creative Industries) ACCT 1006 - Accounting in Context (WSTC)

Incompatible Subjects ACCT 1005 - Accounting in Context

Restrictions The subject is available to students, who are not enrolled in a Bachelor of Business or Bachelor of Accounting, or a continuing Bachelor of Business and Commerce program, who must take the subject as core or wish to take the subject as an elective. Students must be enrolled in 2607, 3762, 2769, 3692, 3727, 2773, 2739 or 2753, or any combined Bachelor of Business program. Students in 2753, 2783, 2786 and 2787 must seek permission before enrolling in this subject.

Learning Outcomes

On successful completion of this subject, students should be able to:
  1. Explain the purpose and role of accounting information;
  2. Outline employer obligations in business management;
  3. Analyse common business transactions;
  4. Apply GST in context of business transactions and construct a BAS;
  5. Prepare and analyse financial reports at an introductory level;
  6. Construct and evaluate budgets;
  7. Interpret accounting information to make business decisions.

Subject Content

- The role and purpose of accounting information
- business Structures
- Employer obligations
- accounting concepts and principles
- business transaction analysis in The accounting process
- goods and services Tax (GST) and business Activity statements (BAS)
- financial statement preparation, interpretation and performance analysis
- budgeting - planning and control
- cost behaviour

Assessment

The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.

Item Length Percent Threshold Individual/Group Task
Portfolio: Scored out of a maximum of 300 points. If students accumulate 240 points or more they are eligible for the full 30 marks. 2,500 words. Weekly discussion questions/ practical exercises per week. 30 N Individual
Intra-Session Exam 1 hour 20 N Individual
Final Exam 2 hours 50 Y Individual

Prescribed Texts

  • Birt (2012). Accounting: Business Reporting for Decision Making, 4th (or latest) ed, John Wiley & Sons, Milton, QLD.
  • Birt et al. (2017). Accounting: Business Reporting for Decision Making, 6th (or latest) ed, John Wiley & Sons, Milton, QLD

Teaching Periods

2022 Semester 2

Penrith (Kingswood)

Day

Subject Contact Helen Black Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

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Online

Online

Subject Contact Helen Black Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

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Parramatta City - Macquarie St

Evening

Subject Contact Helen Black Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

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Parramatta - Victoria Rd

Day

Subject Contact Helen Black Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

View timetable Opens in new window