ACF5903 - Accounting for business - 2018

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.


Business and Economics

Organisational Unit

Department of Accounting

Chief examiner(s)

Mr Greg Van Mourik (First semester)
Dr Karen Zhang (Second semester)


Mr Greg van Mourik (First semester)
Dr Karen Zhang (Second semester)

Unit guides



  • First semester 2018 (On-campus)
  • Second semester 2018 (Evening)
  • Second semester 2018 (On-campus)


AFX9003, MBA9004 and students enrolled in any of the following courses are prohibited: 0503, B6002.


This unit examines the use of both financial and management accounting information for decision making. Whilst emphasising interpretation by users of accounting information, the unit will also provide students with an introduction and understanding of the preparation, presentation, and interpretation of financial statements. Similarly, the unit will provide an introduction to the preparation and presentation of various forms of management accounting information and aspects of management control. The unit will also provide an introduction to business structures and the governance and regulatory arrangements in respect of financial reporting that pertain to them.


The learning goals associated with this unit are to:

  1. describe the merits, and regulatory and financial reporting implications of various forms of business structure
  2. informed by an introductory understanding of the accounting process and the presentation of financial statements, critically use financial accounting information to make decisions about financial and other aspects of business performance
  3. in the decision making context, apply management accounting techniques relating to full and relevant costing, cost volume profit analysis, budgeting, capital management and accounting for sustainability
  4. demonstrate the application of judgement, problem solving, critical thinking and analytical skills.


Within semester assessment: 45% + Examination: 55%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information