Accounting for Business Decisions A
Area of Study
Accounting, Business, Business Administration, Business Management, Finance, Financial Management
Taught In English
26100c Integrating Business Perspectivesor equivalent
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits4
Recommended U.S. Quarter Units6
Hours & Credits
OverviewDescriptionIn most economies business success is measured in financial terms. It is the accountants who undertake this measurement. Many decisions in business are made based on accounting information, both historical (based on past events) and projected (based on estimates of the future). Understanding accounting as a systematic way of measuring and communicating financial information on the financial status of various business entities is the foundation for any successful career in both the private and public business sectors.Subject objectivesUpon successful completion of this subject students should be able to:1. appraise the role of accountants and accounting information in the business environment2. apply accounting information in external and internal decision contexts of a business3. demonstrate analytical skills needed to process accounting information; prepare internal and external financial statements and be able to interpret accounting reports4. evaluate basic business information provided in the popular media.This subject also contributes specifically to the following program learning objectives:Evaluate business responses to ethical issues and dilemmas (4.2)Contribution to the development of graduate attributesThe objective of this subject is based on the premise that in business, accounting information is used for decision-making. Thus familiarity with accounting concepts, processes, reports and analysis is desirable. This subject equips students with the broad and basic knowledge and skills to deal with the accounting information systems in the business environment and is also a foundation for further study in accounting. This subject develops skills linked to the Faculty's graduate attribute that looks at developing attitudes and values.Teaching and learning strategiesThe subject is taught in large lectures and smaller tutorials. The lectures provide the structure of the topic area, discussion of the theory and some practical examples. The tutorials provide an opportunity to discuss ideas and ethical issues, and make practical application of the theory. Extensive use is made of UTSOnline, with all material posted electronically and a discussion board providing a response within 24 hours. The Study Guide is available to extend students' self-directed learning.ContentThe use of accounting informationRecording accounting transactions and adjusting entriesThe financial statements: preparation and interpretationFinancial statement analysis: limitations and interpretationManagement accounting: budgeting theory and practice, CVP analysisEthics and accountingAssessmentAssessment task 1: Option A: Mid-Semester Exam and Final ExamObjective(s):This addresses subject learning objective(s):1, 2, 3 and 4This addresses program learning objectives(s):4.2Weight: 1. Mid-Semester Exam: 40% 2. Final Exam: 60%Assessment task 2: Option B: Tutorial Participation, Mid-Semester and Final ExaminationObjective(s):This addresses subject learning objective(s):1, 2, 3 and 4This addresses program learning objectives(s):4.2Weight: 1. Class Mark: 10% 2. Mid-Semester Exam: 30% 3. Final Exam: 60%
Courses and course hours of instruction are subject to change.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.