ACCT600 to ACCT605

ACCT600 Accounting for Decision-Making                                                                                           10 cp

Prerequisites Nil

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

This unit takes as its theme the use of accounting information for decision-making. All of you will be members of organisations - businesses, government departments, universities, charities, religious organisations, sporting clubs, social clubs - which share a common problem: limited resources are available for pursuing organisational goals. As a consequence, managers are regularly confronted by the need to make important economic decisions. Accounting information is usually a vital input to those decisions. Hence, you, as a manager who will be involved in the decision-making process, need to know how to use accounting information in making economic decisions. To make many decisions in an effective way, you need to become “accounting literate”.

ACCT601 Australian Auditing and Assurance Services                                                                        10 cp

Prerequisites ACCT600 Accounting for Decision-Making

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

Auditing and assurance services, provide credence to published financial statements, and therefore is one of the major activities of the accounting profession. This unit introduces students to the concepts and practice of auditing, the way the profession has developed and the way the profession is meeting current business and social needs. In addition, the use of statistical sampling techniques and EDP systems in auditing will be reviewed.

ACCT602 Accounting and Accountability                                                                                             10 cp

Prerequisites ACCT600 Accounting for Decision-Making

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

This unit has been designed to provide students with the opportunity to develop an understanding of the relationship between accounting and the economic, social and natural environments. It provides students with the opportunity to focus on the concept of accountability and to what extent conventional accounting discharges the public interest commitment of the accounting profession.

ACCT603 Accounting for Corporate Structures                                                                                     10 cp

Prerequisites ACCT600 Accounting for Decision-Making

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

The company form of organisation has been the most successful vehicle yet devised for pooling the savings and resources of many people and investing them to generate wealth. The fortune of these companies is vital for the economic well-being of society and their performance is closely watched. The key indicator of company performance is provided by company financial reports. An understanding of the accounting methods used to assemble these financial reports is essential if the performance of any company is to be successfully evaluated. This unit is designed to provide students with an understanding of, and practise in applying, those accounting methods that are used in forming, reorganising, consolidating and liquidating company structures, and preparing financial statements for companies and groups of companies that comply with all legal and accounting requirements.

ACCT604 Strategic Managerial Accounting                                                                                         10 cp

Prerequisites ACCT600 Accounting for Decision-Making

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

Management accounting information plays an important role in planning and controlling organisational activities. Traditionally, management accounting systems have tended to produce primarily financial information for managers. However, with increased competition, the nature of management accounting systems has been extended to encompass both quantitative and qualitative non-financial information to help not just managers but also workers (employee empowerment) to plan and control their operations. The financial aspects of accounting control however continue to be stressed in the unit since they continue to play an important role in organisational control. Various cost concepts such as variable and fixed costs used in cost-volume-profit analysis and flexible budgeting, standard costing and variance analysis, differential costing and time value (cost) of money in capital budgeting decisions will be covered. These cost information systems help managers make various decisions such as pricing and product mix decisions and product and process design decisions. They also help managers monitor and regulate the performance of individual employees, business units and the entire organisation. In addition, more contemporary accounting controls such as activity based costing and management and quality management will be covered.

ACCT605 Strategic Resource Management                                                                                          10 cp

Prerequisites ACCT604 Strategic Managerial Accounting

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

This unit builds upon the core of management accounting issues and control systems knowledge developed in ACCT604 Strategic Managerial Accounting. It provides an extension of management accounting to organisational strategic areas of quality and performance. The unit focuses on the analysis of performance and customer profitability through the development of advanced management accounting technologies. Students will be introduced to various decision and control concepts strategies, including, activity-based costing and activity-based management, value chain analysis and customer profitability analysis, benchmarking, and performance measurement techniques including the balanced scorecard.