Accounting and financial decision-making
Mr Bryan Baker
6 points * 3 hours per week * First, second semester * Caulfield, Peninsula
Objectives On completion of this subject students should be able to define and discuss the major concepts in financial and management accounting; prepare profit and loss and balance sheet statements from given source material; understand the information requirements for financial decision making by internal managers and external interest groups; read and interpret financial statements; analyse financial statements for profitability and risk; apply the accounting and present value models to investment situations; and demonstrate competence in business communication through oral and written assessment.
Synopsis The accounting profession; accounting concepts; rules and tools; changes in owners' equity; adjusting entries and deferrals; Australian Corporations law - an introduction; financial analysis of companies; management accounting - product costing, planning and control, the time value of money; computerised accounting systems.
Assessment Tutorial participation: 15% * Semester-based assignment: 15% * Three-hour end-of-semester examination: 70%
Prescribed texts
Ratnatunga J and others Principles of financial decision making 2nd edn, Wiley, 1994
Waldmann E and others Study guide for principles of financial decision making Wiley, 1994