Accounting for Decision Making

This subject introduces students to the concepts of Accounting and an understanding of how it can be used in decision making. Topics include financial accountability and sustainability, business structures and transactions, an introduction to financial recording and statements, analysing financial/business ratios, budgeting, costing and capital investment. The course is designed as an introduction and therefore will entail a blend of theory and application so that the students can understand the practicalities of accounting. Throughout the course, consideration of business ethics and practices within a Christian worldview is taken in relation to accounting for businesses, churches and not-for-profit organisations.

Quick Info

Currently offered by Alphacrucis: Yes
Course code: ACC101
Credit points: 10

Awards offering Accounting for Decision Making

This unit is offered as a part of the following awards:

Unit Content

Curriculum Objective

Outcomes

Demonstrate knowledge of essential accounting and business concepts including:
- Assets, liabilities and equities;
- Current and non-current assets and liabilities;
- Credit and debit;
Analyse and record business transactions using double-entry accounting for a range of business entities;
Explain the purpose of financial statements;
Demonstrate an ability to analyse and interpret financial statements and reports;
Demonstrate an ability to understand budgets and the budgeting process;
Appraise and utilise financial information for decision making;
Describe the relationship between ethics and the accounting profession, including the incorporation of a Christian worldview;
Describe the business environment in Australia as it pertains to accounting.
This includes:
- Annual accounting cycle;
- Reporting requirements;
- Basic taxation;
- Role of auditors;
- Ethical considerations: e.g., ability to manipulate financial statements in decisions involving depreciation and asset write-offs.

Subject Content

Introduction to accounting / Business sustainability, accountability and ethics
Business structures
Business transactions
Balance Sheet
Income Statement and statement of changes in equity
Statement of cash flows
Analysis and interpretation of financial reports
Budgeting
Cost-Volume-Profit analysis
Costing and pricing in an entity
Capital investment
Financing the business & Performance management

This course may be offered in the following formats

Face-to-Face
Distance/ Global Online

Please consult your course prospectus or enquire about how and when this course will be offered next at Alphacrucis University College.

Assessment Methods

Online Exams (15%)
Case Study (15%)
Group Project (20%)
Final Exam (50%)

Prescribed Text

Birt, J., Chalmers, K., Maloney, S., Brooks, A. & Oliver, J. (2022). Accounting: Business Reporting for Decision Making (8th Ed.). John Wiley & Sons Australia.

Check with the instructor each semester before purchasing any textbooks