Financial Information for Decision Making
Unit Code:ACC10007
Contact Hours:Recommended 10 hours of study per week
Description:
About this unit
This unit provides a framework to learn accounting concepts. Students will learn how accounting concepts can be applied in business and provide useful information for evaluating and decision-making. Whatever aspect of business students intend to specialise in, they will need to be familiar with the concepts and principles underlying the practice of accounting. Such knowledge will enable students to understand the importance of financial information in decision-making and thereby provide them with the necessary financial literacy for their future roles in the world of business.
Content
- Business Reporting - Financial reporting – Introduction to financial reports and their use in decision making
- Business Reporting - Recording & reporting business transactions using accrual accounting
- Business Reporting – Preparation and use of Cash Flow Statement
- Performance Assessment - Analysis & Interpretation of Financial Reports
- Performance Assessment - Introduction to Performance Evaluation – business unit & business unit manager
- Business Planning - Role of Budgets & Budget Preparation – focus on cash budget
- Business Planning - Revenue & Cost Determination
- Business Planning - Cost Behaviour & Cost Volume Profit Analysis (CVP)
- Business Planning - Operational Decision Making.
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Business for Sustainability, Social Change and Impact
Unit Code:BUS10014
Contact Hours:Recommended 10 hours of study per week
Description:
About this unit
Gain essential knowledge and skills to appreciate the critical role Australian and global businesses play in sustainability, social change and making social impact. The unit enables students to make a logical connection between business activities and their impact on the environment and society. The unit prepares students to think, plan and implement business initiatives as they relate to sustainability to ensure meaningful, positive social impact.
The overarching aim is to develop future graduates with a commitment to achieving social and planetary wellbeing guided by Indigenous knowledge and knowledge systems which are foundational to Australia’s intellectual, social and cultural capital.
Content
- The histories of sustainability and social impact: the rise of the Australian and global wicked problems
- The ethics of sustainability and social impact, historical issues with the Australian global wicked problems
- Social change and impact – the contemporary social economy and doing social ecological good
- Social impact across sectors
- Using local and global frameworks and tools for evaluating and measuring social impact
- The historical and contemporary values of leadership for social change reflecting the goals of a just and reconciled nation
- Sustainability and social impact: the role of public sector and a civil and just society to mitigate the local and global effects of climate change
- Predicting the future of business, social change and impact.
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Economics for Business Decision-Making
Unit Code:ECO10005
Contact Hours:Recommended 10 hours of study per week
Description:
About this unit
Explore microeconomic and macroeconomic theories and how these are applied practices. Bridge the gap between theory and practice in the context of today’s changing technological landscape by applying analytical skills to address industry and government case studies. Learn how prices and output are set by firms to maximise profit; how key macroeconomic indicators are employed to assess economic conditions by business decision-makers; and what ESG (environmental, social and governance) policies and best practices are available to deal with different types of market failures.
Content
- Economic concepts of opportunity cost and comparative advantage
- Demand and supply
- Elasticity and its applications
- Production, costs, and technological changes
- Market Structures: perfect competition, monopoly, monopolistic competition, oligopoly
- Externalities and ESG (environmental, social and governance) policies
- GDP, inequality, growth and technological innovations
- Unemployment and inflation
- Aggregate demand and aggregate supply analysis
- Monetary policy
- Fiscal policy.
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Business Digitalisation
Unit Code:INF10024
Contact Hours:Recommended 10 hours of study per week
Description:
About this unit
Learn how technology can be used to assist business in the era of digitalization, without the technology becoming an end in itself. In particular, the unit aims to generate an awareness of the importance of digital technologies and information to organisational decision-making. Further, we examine how managers and practitioners can ensure the fitness-for-purpose of digital technologies and information to the decision makers such that business might gain a competitive advantage in digitalized world. Students gain a strong foundation of business systems fundamentals and an appreciation of how digital technologies impact business stakeholders, customers, suppliers, manufacturers, service makers, regulators, managers and employees.
Content
- Organisations in the digital economy
- Digital technologies: their evolution to current role and purpose in business and society
- System development methodologies for designing and implementing digital technology solutions
- Data and information management in the digital economy; ethical, cultural and security issues
- Business processes and their evolution through digital technology innovation
- E-Commerce networks and commercial internet-based applications and platforms
- Digital technologies to support business transactions and processes and enterprise systems
- IS to support managerial decision making, business intelligence, business analytics, and knowledge management.
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Contemporary Management Principles
Unit Code:MGT10001
Contact Hours:Recommended 10 hours of study per week
Description:
About this unit
Gain foundational knowledge and skills concerning the role and functions of management. These frameworks support a critical analysis of individual or organisational operations and performance in the light of business opportunities and pressures, societal expectations and environmental contingencies. These insights enable students to identify their role as future managers, and to map their contribution to creating value at both an individual and organisational level.
Content
- Introductions to organisations and management
- The role and functions of managers in complex environments
- The conceptual, interpersonal and technical skills used by managers to respond to environmental pressures
- The impact of environment and organisational culture
- The evolution of management theory in relation to changing contexts
- Creating value for the organisation and the wider community.
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Marketing and the Consumer Experience
Unit Code:MKT10009
Contact Hours:Recommended 10 hours of study per week
Description:
About this unit:
This unit aims to introduce key marketing concepts and their application to modern business. Understanding the role of marketing will aid understanding the interconnections it has with other business disciplines, as well as providing a strong philosophical foundation for further studies in marketing. In addition, this unit provides students with the opportunity to develop generic skills. The unit provides students with a series of learning opportunities designed to explore basic business and Marketing concepts from a variety of viewpoints including theoretical and applied perspectives.
Content
- An overview of marketing
- The marketing environment
- Buyer behaviour
- Segmentation, targeting and positioning
- Marketing information and research
- New product/service development
- Branding, goods and services
- Marketing channels and logistics decisions
- Integrated marketing communications
- Pricing
- Marketing ethics.
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