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.
- 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