Accounting and financial decision-making
Mr Lawrence Webb
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%
* Examination (3 hours): 70%
Prescribed texts
Textbook and study guide to be announced. Students are expected to check with subject leader from a month before semester commences.
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