General Information
This course prepares managers in their use of accounting information to aid in making evidence based decisions. This includes developing and understanding of financial statements from a user perspective to examine the financial reporting process. Particular emphasis is given to the underlying concepts and forms of both external and internal reporting. Concepts and methods involved in the preparation and interpretation of balance sheet as a statement of business value, profit and loss reports, and cash flow statements are examined, as well as an introduction to cost accounting through coverage of the roles of budgeting (preparation of a master budget), cost concepts, classifications and cost-behaviour patterns, and systems to accumulate and allocate costs are also considered with case studies and examples of their use in management decision making.
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Details
Academic unit: Bond Business School Subject code: GMBA71-201 Subject title: Accounting for Decision Making Subject level: Postgraduate Semester/Year: January 2021 Credit points: 10.000 -
Delivery & attendance
Timetable: https://bond.edu.au/timetable Delivery mode: Online Workload items: - Seminar: x12 (Total hours: 24) - No Description
- Personal Study Hours: x12 (Total hours: 12) - No Description
Attendance and learning activities: Attend all virtual classes (VC). The delivery mode requires regular attendance to maximise learning opportunities and participation in the discussions enhances your understanding of the content. Each week builds on the work of the previous one. It is difficult to recover if you miss watching the videos, reading the materials and practicing the revision questions. Attendance in VC's will be monitored, and could impact the final mark in this subject. University Policy: A student who has an unsatisfactory attendance record or who performs poorly at progressive assessment tasks may be identified as being in need of support under the COR 4.01 Student Support Policy. -
Resources
Prescribed resources: Books
- Tracie L. Nobles, Brenda L. Mattison, Peter Best, Ella Mae Matsumura, David Fraser, Rebecca C. W. Tan, Roger Willett (2016). Horngren's Accounting. 8th Ed., Pearson
iLearn@Bond & Email: iLearn@Bond is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student. To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
| Academic unit: | Bond Business School |
|---|---|
| Subject code: | GMBA71-201 |
| Subject title: | Accounting for Decision Making |
| Subject level: | Postgraduate |
| Semester/Year: | January 2021 |
| Credit points: | 10.000 |
| Timetable: | https://bond.edu.au/timetable |
|---|---|
| Delivery mode: | Online |
| Workload items: |
|
| Attendance and learning activities: | Attend all virtual classes (VC). The delivery mode requires regular attendance to maximise learning opportunities and participation in the discussions enhances your understanding of the content. Each week builds on the work of the previous one. It is difficult to recover if you miss watching the videos, reading the materials and practicing the revision questions. Attendance in VC's will be monitored, and could impact the final mark in this subject. University Policy: A student who has an unsatisfactory attendance record or who performs poorly at progressive assessment tasks may be identified as being in need of support under the COR 4.01 Student Support Policy. |
| Prescribed resources: | Books
|
|---|---|
| iLearn@Bond & Email: | iLearn@Bond is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student. To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au |
Enrolment requirements
| Requisites: |
Nil |
|---|---|
| Assumed knowledge: |
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.
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| Restrictions: |
Nil |
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Read financial statements, know their uses, and be aware of their limitations. As such, students will be able to communicate in the "language of business".
- Perform and communicate a critical analysis of financial performance using contemporary ratio analysis.
- In managerial positions, better appreciate the impact of their day-to-day decisions and policies on the performance of their organisation and understand how parties, internal and external to their organisation, will interpret the reporting of those decisions.
Generative Artificial Intelligence in Assessment
The University acknowledges that Generative Artificial Intelligence (Gen-AI) tools are an important facet of contemporary life. Their use in assessment is considered in line with students’ development of the skills and knowledge which demonstrate learning outcomes and underpin study and career success. Instructions on the use of Gen-AI are given for each assessment task; it is your responsibility to adhere to these instructions.
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Assessment details
Type Task % Timing* Outcomes assessed Take-home Test Take-home Test 15% Week 6 1,2 Written Report Company Financial Analysis - Business Report 30% Week 10 2,3 *Homework Exercise Weekly Quizzes 15% Weekly 1,2,3 Computer-Aided Examination (Open) Comprehensive On-Line Examination 40% Non-Standard Examination Period 1,2,3 - * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
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Assessment criteria
Assessment criteria
High Distinction 85-100 Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking. Distinction 75-84 Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas. Credit 65-74 Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above. Pass 50-64 Usually awarded to students whose performance meets the requirements set for work provided for assessment. Fail 0-49 Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines. Quality assurance
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
| Type | Task | % | Timing* | Outcomes assessed |
|---|---|---|---|---|
| Take-home Test | Take-home Test | 15% | Week 6 | 1,2 |
| Written Report | Company Financial Analysis - Business Report | 30% | Week 10 | 2,3 |
| *Homework Exercise | Weekly Quizzes | 15% | Weekly | 1,2,3 |
| Computer-Aided Examination (Open) | Comprehensive On-Line Examination | 40% | Non-Standard Examination Period | 1,2,3 |
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
Assessment criteria
| High Distinction | 85-100 | Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking. |
|---|---|---|
| Distinction | 75-84 | Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas. |
| Credit | 65-74 | Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above. |
| Pass | 50-64 | Usually awarded to students whose performance meets the requirements set for work provided for assessment. |
| Fail | 0-49 | Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines. |
Quality assurance
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Study Information
Submission procedures
Students must check the iLearn@Bond subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the subject coordinator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension, the penalty of 10% per day late starts from the new due date.
Academic Integrity
University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.
Bond University utilises Originality Reporting software to inform academic integrity.Feedback on assessment
Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.
Accessibility and Inclusion Support
If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.
Additional subject information
Enrolled students will find a full list of prescribed and additional resources on iLearn and AirCampus. Attendance: Attend all sessions. Most sessions build on the work on the previous one. It is difficult to recover if you miss a session. Attendance in Virtual Classrooms and participation in discussions will be monitored.
Subject curriculum
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Introduction to Accounting
Tools of the trade, basic concepts & business processes.
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Recording Business Transactions
Introduction to the double entry system of accounting to capture business transactions and produce financial statements.
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Completing the Accounting Cycle - Adjusting and Closing entries
The end of period adjusting and closing process for accrual accounting.
SLOs included
- Read financial statements, know their uses, and be aware of their limitations. As such, students will be able to communicate in the "language of business".
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Retailing Operations and Inventory
Accounting for retailing operations (selling goods) and perpetual and periodic inventory systems.
SLOs included
- Read financial statements, know their uses, and be aware of their limitations. As such, students will be able to communicate in the "language of business".
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The Cash Flow Statement
The importance of cash, cash flow, and the statement of cash flow, preparation of the CFS, reconciling profit with cash from operations.
SLOs included
- Read financial statements, know their uses, and be aware of their limitations. As such, students will be able to communicate in the "language of business".
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Mid Semester Test
Examining Week 1-5.
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Financial Statement Analysis
Tools and techniques to assist in analysing and interpreting information contained in financial statements.
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Assets
Accounting for current and non-current assets, specifically accounts receivables/bad debts, property, plant & equipment and intangibles.
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Liabilities and Equity
Accounting for current and non-current liabilities, and analysing owner's equity.
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CVP analysis and relevant costing
Behavior of costs, break-even analysis, contribution, relevant cost, opportunity cost, marginal analysis.
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Budgeting
Planning and control, budgets and forecasts, cash budget, preparing other budgets, using budgets for control, limitations and behavioural implications of budgeting.
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The management of working capital and financing the business
Nature and purpose of working capital, management of inventories, management of accounts receivable, management of cash, management of creditors, Sources of finance, external sources of finance, gearing and the long-term financing decision, raising long-term equity finance.
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CSR and sustainability
Social issues, TBL reporting, GRI, balanced scorecard.