58502 ACCOUNTING FOR MANAGERS

Year	No.	Offer	Mode	Description			Cred. Pts
99	58502 	S2  	X 	ACCOUNTING FOR MANAGERS   	1.00

Contents


STAFFING:

Examiner: M. JENNER
Moderator: M. FYFFE
Instructional design: J. MC DONALD

RATIONALE:

The purpose of this unit is to develop the ability of non-accountants to interpret, use and understand financial statements and the origin of the summarised accounting data. The ability to criticise accounting reports will be developed. Skills of judgement and attitudes will be enhanced to equip managers in their responsibilities relating to the financial goals of the organisation. Students will develop skills in planning, control and decision making. Evaluation of investment and financing alternatives and working capital management will be included.


SYNOPSIS:

This unit, available to postgraduate students only, aims to provide an understanding of the accounting concepts used in the interpretation of accounting reports and financial statements which are prepared to assist effective management of a business entity. Managers should recognise their information requirements on which relevant decisions are based. Planning, control and decision-making capabilities will be developed. Investment and Finance decisions and the Management of Working Capital will be discussed.


OBJECTIVES:

On successful completion of this unit you should be able to:

  1. discriminate amongst the concepts used in understanding
    accounting reports required by management in an organisation
  2. criticise, understand, analyse and interpret the content of
    financial statements;
  3. evaluate management accounting information to assist in
    planning, control and decision making within the business
    entity;
  4. analyse investment alternatives and evaluate projects;
  5. evaluate the types, sources and costs of funds;
  6. measure, understand and implement the management of working
    capital.

TOPICS:

 Description                                                    Weighting(%)
  1. FINANCIAL ACCOUNTING 33.00 Module No 1 Information Systems and Concepts Module No 2 Financial Reports Module No 3 Financial Statement Analysis

  2. MANAGEMENT ACCOUNTING 34.00 Module No 4 Cost Concepts Module No 5 Cost Systems Module No 6 Budgets and Responsibility Accounting

  3. BUSINESS FINANCE 33.00 Module No 7 Investment Decisions Module No 8 Financing Decisions Module No 9 Management of Working Capital


TEXT and MATERIALS to be PURCHASED:

Meredith G G 1994, 'Accounting and Financial Management for Business
Decisions'
, McGraw-Hill, Sydney.


RECOMMENDED REFERENCE MATERIALS:

Cooper B J, Leung P, Matthews C, Carlson P, 1997, `Accounting and
Finance for Managers'
, Wiley, Brisbane.

Gaffikin M 1993, 'Principles of Accounting', 3rd, Edn, Harcourt
Brace Jovanovich, Sydney.

Gitman L J, 1994, 'Principles of Managerial Finance', 7th edn.,
Harper & Collins.

Horngren C T and Harrison Jr, W T, Best P J, Fraser D J and Izan H Y,
1997, 2nd edn, 'Accounting', Prentice Hall, Australia.


STUDENT WORKLOAD REQUIREMENTS:

	ACTIVITY				HOURS
Directed Study                                	100
Private Study                                 	25
Assessments                                   	40

ASSESSMENT DETAILS:

No  *F/S Marks     Due        Description                              Wtg(%)    LBL WWW
1   S    100.00    06/08/99  ASSIGNMENT 1                              20.00     Y   N
2   S    100.00    03/09/99  ASSIGNMENT 2                              20.00     Y   N
3   S    100.00    END S2    3 HOUR EXAMINATION                        60.00     N   N

*F=Formative, S=Summative

OTHER REQUIREMENTS:

1    TO  GAIN  A PASS IN THE UNIT STUDENTS MUST PERFORM SATISFACTORILY
     IN  ALL  ASPECTS  OF ASSESSMENT, particularly the examination.  A
     grade of HD, A, B, C, F or I may be awarded for the final result.
     (See Handbook for definition of terms).
2    Students  must  retain a copy of all pieces of  assessment  which
     must be produced if/when required by the lecturer.
3    LATE ASSIGNMENTS
3.1  All  assessments submitted after the due date (and  not  approved
     for  extension)  in  accordance with university  policy  will  be
     penalised.
3.2  If  students  submit assignments after the due date and  wish  to
     claim extenuating circumstances then they shall provide validated
     documentary   evidence  with  the  assignment,   explaining   the
     circumstances.
3.3  The  unit  examiner shall consider the statement  accompanying  a
     late assignment and decide on the outcome.
4    Assignments  not submitted in the appropriate assignment  folders
     will be deemed as not being received.
5    DISHONEST ACTIONS
5.1  Any student who is alleged to having performed a dishonest action
     relating  to  any assessment in the unit will have  a  course  of
     action   taken  against  him/her  as  outlined  in  the  Academic
     Regulations.
5.2  Pieces  of  assessment should be the work of individual students.
     Joint  pieces  of  assessment are not  permitted  unless  written
     approval has been obtained from the unit leader.
5.3  Dishonest action in relation to assessment includes: - copying or
     attempting to copy the work of others; - use of or attempting  to
     use information prohibited from use in that form of assessment; -
     submitting  the  work  of  another as  your  own;  -  consciously
     committing  acts  of  plagiarism, ie taking and  using  another's
     thoughts  or writings as one's own with intent to deceive,  which
     occurs   when   paragraphs,  sentences,  a  single  sentence   or
     significant  parts of a sentence which are copied  directly,  are
     not  enclosed  in quotation marks and appropriately footnoted  or
     referenced in the text direct quotations are not used,  but  text
     is  paraphrased or summarised, and the source of the material  is
     not acknowledged by footnoting or other reference in the text.
6    DEFERRED EXAMINATIONS
6.1  Deferred examinations will be granted at the Dean's discretion in
     the  case of medical or compassionate circumstances having regard
     to  item  1. If a deferred examination has been granted  students
     shall  normally sit the deferred examination in the  semester  in
     which  the  unit  is  next offered, BUT NO LATER  THAN  THE  NEXT
     SEMESTER  3  EXAMINATION PERIOD. If, for  whatever  reason,  this
     deferred examination is not taken then the student will be graded
     `F'.
6.2  Medical  evidence  on  the  appropriate  University  of  Southern
     Queensland  medical certificate or doctor's certificate  must  be
     received  by  the Faculty Administrator no later than  twenty-one
     (21)  days after examination date. A medical certificate must  be
     dated  with the same date as the period of illness for which  the
     absence from examination is being sought and clearly indicate the
     student's  name  and, if possible, student number. (Retrospective
     medical  certificates will not be accepted for either  assignment
     work  or  examinations.)   Only  original  or  certified  medical
     certificates will be accepted.
6.3  A   student's  medical  condition  must  be  stated  clearly  (IN
     ENGLISH).   (Certificates  stating  a  student  has  a   `Medical
     Condition'  may  not  be  sufficient  grounds  for  deferment  of
     examination).  Medical evidence must cover the  student  for  the
     day(s) of the missed examination(s).
6.4  Requests must be in writing to the Faculty Administrator  clearly
     stating  the  student  name  and  number,  unit  number  of   the
     examination  missed due to illness and current address.  Deferral
     of  an  examination CANNOT be granted on an existing deferral  in
     that unit.
6.5  Requests  on  grounds  other than medical MUST  BE  supported  by
     documentation.
6.6  Students  must have submitted a genuine attempt at all  mandatory
     assessment items.
6.7  Students   who   have  a  medical  condition  or   have   genuine
     compassionate  or  work  related  problems  on  the  day  of  the
     examination  are advised to obtain documentary evidence  and  NOT
     attempt  the  examination. If a student makes an attempt  at  the
     examination,  the  assessment item will be  marked  and  a  grade
     awarded.  In  these  cases, a student cannot, after  receiving  a
     `Fail'   grade,  request  a  deferred  examination   or   special
     consideration.
6.8  Students who have been granted deferred examinations will not  be
     granted a waiver of prerequisites, without the permission of  the
     Heads of Department, in subsequent semesters (if they do not have
     a passing grade).
7    Unit  weightings of topics should not be interpreted as  applying
     to  the  number  of  marks allocated to questions  testing  those
     topics in an examination paper. The examination may test material
     already tested in assignments.
8    Mechanised erasers are not permitted in exam venues.
9    The  examination will be RESTRICTED.  Dictionaries are NOT to  be
     used in the examination.
10   Students  should also refer to the Faculty of Commerce 'Guide  to
     Policies  and Procedures' section of the University Handbook  for
     further information on the above matters.

This information is accurate as at 17/11/99