ACC60002 Accounting Information and Managerial Decision Making

Unit code: ACC60002

Duration: 1 Teaching Period

Contact hours: Recommended 10 hours of study per week

After successfully completing this unit students will be able to:

  • Make informed judgements and to take effective, ethical and timely actions regarding the current and future allocation of resources in the context of a complex global business environment.
  • Demonstrate quantitative skills, evaluate the assumptions, behavioural implications and qualitative factors in decision-making.
  • Demonstrate the ability to identify a problem, list uncertainties and develop strategies from accounting and financial statements.
  • Apply decision making processes including interpreting bias, evaluating alternatives, organising information and clearly stating assumptions.

Content

  • Accounting Information for Managers and other Stakeholders
  • Private, Non-profit, Statutory authorities                                                
  • Performance Metrics, Economic Indices                                                  
  • Management Perspective of Financial Statements                                                     
  • Maintaining Capital, Returns to Suppliers of Funds                                                   
  • Accounting Systems-Cash vs. Accrual Accounting                         
  • Cash Flow Management                                                  
  • Analysis of Operating Performance                                                  
  • Cost Concepts, Relevant Costs for Decisions                                                
  • Cost Objects and Measurement                                               
  • Costs of Products, Services, Divisions                                            
  • Business Performance Reporting – Controllable Costs                                                  
  • Short Run Decisions – Opportunity evaluation                                          
  • Strategic Planning and Budgeting Uncertainty                                               
  • Financial Planning – commercialisation of opportunities

This unit is found in Graduate Certificate of Business Administration and Master of Business Administration (MBA)