AFX1110

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; recording financial transactions I; recording financial transactions II; preparing financial statements; completing the accounting cycle; accounting for merchanidsers; accounting for manufacturers; short term costs; CPV analysis; long term costs; DCF analysis; companies; formation and operation; companies; reporting, anlaysis and interpretation; accounting systems and computerisation.

Assessment Tutorial participation: 15%
* Semester-based assignment: 15%
* Examination (3 hours): 70%

Prescribed texts

Hoggett J and Edwards L Accounting in Australia 3rd edn, Wiley, 1996
Baker B Uto dance school Commodore, 1997