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Unit Summary
Anti-requisites
ACC00150 Using Financial Information AND ACC10249 Financial Information for Decision Making
Unit aim
Introduces the concepts, principles and techniques of accounting and finance used by internal and external decision makers through teacher-directed activities. This unit focuses on providing the fundamental knowledge and skills to enable students to appreciate how accounting and finance is used for planning and control in organisations.
Unit content
Module 1: Introduction to accounting and The Balance Sheet
Module 2: The Income Statement and Cash Flow Statement
Module 3: Analysis of financial statements
Module 4: Budgeting and performance measurement
Module 5: Cost-Volume-Profit analysis
Module 6: Capital Investment 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.
| On completion of this unit, students should be able to: | |
|---|---|
| 1 | review financial statements of the business, Balance Sheet, Income statement and Cash flow statement |
| 2 | undertake a ratio analysis of a company’s financial statements |
| 3 | discuss and apply budgeting, performance measurement, Cost-volume-profit analysis and capital investment techniques to make appropriate business decision |
| 4 | distinguish and compare alternative sources of financing for business. |
On completion of this unit, students should be able to:
- review financial statements of the business, Balance Sheet, Income statement and Cash flow statement
- undertake a ratio analysis of a company’s financial statements
- discuss and apply budgeting, performance measurement, Cost-volume-profit analysis and capital investment techniques to make appropriate business decision
- distinguish and compare alternative sources of financing for business.
Prescribed texts
- Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2020, Accounting: Business Reporting for Decision Making, 7th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730369325.
- Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2020, Accounting: Business Reporting for Decision Making, 7th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730369325.
- Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2020, Accounting: Business Reporting for Decision Making, 7th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730369325.
- Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2020, Accounting: Business Reporting for Decision Making, 7th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730369325.
- Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2020, Accounting: Business Reporting for Decision Making, 7th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730369325.