ACCT 7013 Financial Decision Making

Credit Points 10

Legacy Code 200784

Coordinator Nicole Ibbett Opens in new window

Description Students will gain financial literacy through practical understanding of the information contained in financial reports. Appreciating the variety of uses of accounting information for planning and controlling enhances the ability to extract relevant data. This unit emphasises the function of both financial and management accounting in measuring, processing and communicating information useful for decision making.

School Business

Student Contribution Band HECS Band 4 10cp

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Level Postgraduate Coursework Level 7 subject

Equivalent Subjects ACCT 7001 - Accounting Perspectives for Managers

Incompatible Subjects ACCT 7018 -Introductory Accounting ACCT 7007 - Accounting A Business Perspective

Restrictions Students must be enrolled in 2755 Master of Business Administration, 2756 Graduate Diploma in Business Administration (Exit Only), 2757 Graduate Certificate in Business Administration, 2762 Executive Master of Business Administration.

Assumed Knowledge

A knowledge of basic mathematics is assumed.

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

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
Quiz 90 minutes 30 N Individual
Report 2000 words 20 N Group
Final Exam - Take home exam 2 hours 50 Y Individual

Prescribed Texts

  • Atrill P. McLaney, E., and Harvey, D. (2018): Accounting for non-specialists, 7th edition, Pearson Australia, ISBN 9781488612589

Teaching Periods

2022 Quarter 2

Parramatta City - Macquarie St

Evening

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