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Location Domestic International
SCU Online
Study Period2, 2, 6

Unit Summary

Unit type

PG Coursework Unit

Credit points

12

AQF level

8

Level of learning

Introductory

Unit aim

This unit introduces students to the fundamentals of financial and management accounting viewed from the perspective of the business manager. The focus is on critical evaluation of accounting information contained in financial statements and management accounting reports for use by managers to inform responsible decisions.

Unit content

Week 1: Introduction to accounting and measuring and reporting financial position

Week 2: Measuring and reporting financial performance and cash flows

Week 3: Analysis and interpretation of financial statements

Week 4: Cost-Volume-Profit analysis and costing

Week 5: Planning and control

Week 6: Working capital management and financing the business

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
On completion of this unit, students should be able to: GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 read and interpret financial statements for a business entity Intellectual rigour Knowledge of a discipline
2 analyse and critically evaluate business performance and position using information contained in financial statements Intellectual rigour Knowledge of a discipline
3 analyse business internal accounting information to evaluate working capital management performance of a business Intellectual rigour Knowledge of a discipline
4 from cost and revenue data, apply techniques in deciding upon alternative courses of action and implements budgets in decision making for an organisation Intellectual rigour Knowledge of a discipline
5 choose and organise relevant financial information in deciding the appropriate financing strategy for a business. Intellectual rigour Knowledge of a discipline

On completion of this unit, students should be able to:

  1. read and interpret financial statements for a business entity
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline
  2. analyse and critically evaluate business performance and position using information contained in financial statements
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline
  3. analyse business internal accounting information to evaluate working capital management performance of a business
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline
  4. from cost and revenue data, apply techniques in deciding upon alternative courses of action and implements budgets in decision making for an organisation
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline
  5. choose and organise relevant financial information in deciding the appropriate financing strategy for a business.
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline

Prescribed texts

  • Prescribed text information is not currently available.

  • Atrill, P, McLaney, D & Harvey, D,, 2018, Accounting for non-specialists, 7th edn, Pearson Australia, Australia. ISBN: 9781488612589 (paperback).
Prescribed texts may change in future study periods.