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ACCT11-100: Accounting for Decision Making

Description

This introduction to accounting provides a broad and important foundation in key concepts, tools and processes of the discipline. Particular emphasis is given to concepts and methods involved in the preparation and interpretation of the balance sheets as a statement of business value, profit and loss reports, and cash flow statements. The use of management accounting information is to enable effective planning, control and evidence-based decision-making are also considered in depth. Modern software tools, databases and related resources are additional features of this practically-oriented subject.

Subject details

TypeUndergraduate
CodeACCT11-100
EFTSL0.125
FacultyBond Business School
Semesters offered
  • September 2020 [Standard Offering]
  • January 2021 [Standard Offering]
  • May 2021 [Standard Offering]
  • September 2021 [Standard Offering]
  • January 2022 [Standard Offering]
  • May 2022 [Standard Offering]
Credit10
Study areas
  • Business and Commerce
Subject fees
  • Current: $5,010
  • Commencing in May 2021: $5,260

Learning outcomes

1. Apply fundamental accounting concepts and principles for recording business transactions using accrual accounting and the double entry system.
2. Evaluate the effects of the release of accounting information on a stock’s price.
3. Demonstrate basic digital literacy skills in the use of spreadsheet applications and the ability to search, retrieve and analyse appropriate data from digital sources.
4. Prepare and interpret an income statement, balance sheet and cash flow statement.
5. Conduct a basic analysis of financial statements and associated non-financial information.
6. Explain the role of management accountants in an organisation and how it differs from that of a financial accountant.
7. Calculate cost-volume-profit analyses for single and multiple products for use in profit planning decisions and sensitivity analyses.
8. Prepare budgets, calculate standard cost variances, and explain how they are used for control purposes.

Enrolment requirements

Requisites: ?

Nil

Restrictions: ?

Nil

Subject outlines

Subject dates

Standard Offering
Enrolment opens10/11/2019
Semester start13/01/2020
Subject start13/01/2020
Cancellation 1?27/01/2020
Cancellation 2?03/02/2020
Last enrolment26/01/2020
Withdraw – Financial?08/02/2020
Withdraw – Academic?29/02/2020
Teaching census?07/02/2020
Standard Offering
Enrolment opens15/03/2020
Semester start25/05/2020
Subject start25/05/2020
Cancellation 1?08/06/2020
Cancellation 2?15/06/2020
Last enrolment07/06/2020
Withdraw – Financial?20/06/2020
Withdraw – Academic?11/07/2020
Teaching census?19/06/2020
Standard Offering
Enrolment opens02/08/2020
Semester start14/09/2020
Subject start14/09/2020
Cancellation 1?28/09/2020
Cancellation 2?05/10/2020
Last enrolment27/09/2020
Withdraw – Financial?10/10/2020
Withdraw – Academic?31/10/2020
Teaching census?09/10/2020