Accounting Information and Managerial Decision Making

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).