ACCT 7015 Financial Reports for Decision Making

Credit Points 10

Legacy Code 200821

Coordinator Wenqi 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

Student Contribution Band HECS Band 4 10cp

Check your HECS Band contribution amount via the Fees page.

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

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
Case Study 2,000 Words 20% N Group
Intra-Session Exam 1.5 Hours 30% N Individual
Take Home Exam 2 Hours 50% Y Individual

Prescribed Texts

  • Cunningham et al. 2019, Accounting: information for business decisions, 3rd edn, Pearson Education, Australia [or latest edition]

Teaching Periods

2022 Quarter 1

Parramatta City - Macquarie St

Day

Subject Contact Urvashee Ghoorah Hurrychurn 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

Evening

Subject Contact Urvashee Ghoorah Hurrychurn 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

Sydney City

Day

Subject Contact Neelam Goela 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

2022 Quarter 2

Parramatta City - Macquarie St

Day

Subject Contact Wenqi Han 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

2022 Quarter 3

Parramatta City - Macquarie St

Day

Subject Contact Urvashee Ghoorah Hurrychurn 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

Sydney City

Day

Subject Contact Neelam Goela 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

2022 Quarter 4

Parramatta City - Macquarie St

Day

Subject Contact Urvashee Ghoorah Hurrychurn 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

Evening

Subject Contact Urvashee Ghoorah Hurrychurn 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

Sydney City

Day

Subject Contact Neelam Goela 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