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ACC1101 Accounting for Decision-Making

Semester 2, 2022 Springfield On-campus
Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Business
Student contribution band : Band 4
Grading basis : Graded
Version produced : 29 June 2022


Examiner: Christina James


In the business world it is essential to develop a thorough understanding of financial and management accounting fundamentals. Therefore a knowledge of the practical and functional nature of business decisions from the perspective of financial accounting; managerial costing and budgetary policies; investing; and financing of business operations provides the basis on which more advanced business acumen and skills are developed. This course provides an introduction to the tools managers need to analyse financial information and to inform business decision making.

This course introduces students to the world of accounting. Designed to provide a solid foundation for further study in both accounting and non-accounting disciplines, the course provides a logical introduction to the accounting environment and to the common financial accounting (external) reports and management accounting (internal) tools used for decision making purposes.

Course learning outcomes

On successful completion of this course students should be able to:

  1. Communicate clearly using professional literacies which include describing and applying fundamental financial and management accounting concepts, terminology, theories and processes;
  2. Apply analytical thinking skills in the context of accounting decision making and the review of basic financial reports;
  3. Use basic financial reports to communicate information to stakeholders and to provide relevant information for financial decision making;
  4. Select and apply appropriate business-related knowledge and technical skills to resolve basic problems whilst considering basic ethical implications.


Description Weighting(%)
1. Introduction to business accounting and the role of professional skills 9.00
2. Developing a business plan: cost-volume-profit analysis and budgeting 18.00
3. Concepts and applications of the accounting system 19.00
4. Managing and reporting working capital 9.00
5. Basic financial statements: overview and analysis 27.00
6. Sustainable business and introduction to capital expenditure decisions. 18.00

Text and materials required to be purchased or accessed

Cunningham, B Nikkolai, L Bazlley, J Kavanagh, M & Simmons, S & James, C 2021, Accounting: information for business decisions, 4th edn, Cengage Learning Australia, South Melbourne, Victoria.

Student workload expectations

To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.

Assessment details

Approach Type Description Group
Weighting (%) Course learning outcomes
Assignments Written Quiz 1 No 15 1,2,3,4
Assignments Written Quiz 2 No 15 1,2,3,4
Assignments Written Quiz 3 No 20 1,2,3,4
Examinations Invigilated Invigilated examination No 50 1,2,3,4
Date printed 29 June 2022