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Unit Summary

Unit type

PG Coursework Unit

Credit points

12

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: Accounting and the balance sheet

Week 2: Income, cash flow and other company financial statements

Week 3: Financial statement analysis

Week 4: Cost-volume-profit analysis and costing

Week 5: Budgeting

Week 6: 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 read and interpret financial statements for a business entity
2 analyse and critically evaluate business performance and position using information contained in financial statements
3 analyse business internal accounting information to evaluate working capital management performance of a business
4 from cost and revenue data, apply techniques in deciding upon alternative courses of action and implements budgets in decision making for an organisation
5 choose and organise relevant financial information in deciding the appropriate financing strategy for a business.

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

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

Prescribed texts

  • Atrill, P, McLaney, E, Harvey, D & Cong, LM, 2021, Accounting: An Introduction, 8th edn, Pearson Australia, Melbourne, Australia. ISBN: 9781488625695.
Prescribed texts may change in future teaching periods.