ACG515 Accounting For Strategic Decision Making (8)

This subject is an introduction to financial accounting, management accounting and finance for those working in a business environment. Students will gain an understanding of the accounting principles underlying the accounting process and the uses and limitations of financial statements published by business entities. Accounting and finance issues faced by management and some of the techniques used by managers in decision making will be also addressed

Availability

Session 2 (60)
Online
Albury-Wodonga Campus
Session 3 (90)
Online
Albury-Wodonga Campus

Continuing students should consult the SAL for current offering details: ACG515. Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System

HD/FL

Duration

One session

School

School of Accounting and Finance

Enrolment Restrictions

Postgraduate students only

Incompatible Subjects

ACC501, MBA504

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to critique basic accounting and financial management concepts,principles, techniques and conventions that underlie and limit the usefulness of accounting and finance information;
  • be able to explain and apply the definitions, recognition criteria and measurement bases of assets, equities, revenues, expenses and income;
  • be able to critically evaluate and analyse financial information using a range of interpretative techniques used in accounting and financial management;
  • be able to explain and evaluate the concepts behind the management decision making processes associated with the efficient allocation of business resources; and
  • be able to integrate skills in information technology, communication and the use of quantitative techniques for management decision making.

Syllabus

This subject will cover the following topics:
  • Introduction to financial accounting, concepts, techniques and conventions
  • Accounting applications of information technology
  • Corporate annual reports, the nature and objectives of financial accounting
  • Financial analysis and interpretation of accounting reports
  • Business communication and report writing
  • Social and environmental disclosures
  • Introduction to management accounting including environmental management accounting
  • Panopticism, and management control issues
  • Cost behaviour and cost-volume-profit (CVP) analysis
  • Inventory control systems including inventory flow assumptions and economic order quantity models
  • Relevant management accounting information for decision making
  • Costs and special decisions
  • Budgeting
  • Capital budgeting decisions

The information contained in the CSU Handbook was accurate at the date of publication: June 2022. The University reserves the right to vary the information at any time without notice.

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