Accounting for Business Decisions A

UTS

Course Description

  • Course Name

    Accounting for Business Decisions A

  • Host University

    UTS

  • Location

    Sydney, Australia

  • Area of Study

    Accounting, Business, Business Administration, Business Management, Finance, Financial Management

  • Language Level

    Taught In English

  • Prerequisites

    26100c Integrating Business Perspectives

    or equivalent

  • Course Level Recommendations

    Upper

    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.

    Hours & Credits

  • Credit Points

    6
  • Recommended U.S. Semester Credits
    4
  • Recommended U.S. Quarter Units
    6
  • Overview

    Description
    In 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 objectives
    Upon successful completion of this subject students should be able to:
    1. appraise the role of accountants and accounting information in the business environment
    2. apply accounting information in external and internal decision contexts of a business
    3. demonstrate analytical skills needed to process accounting information; prepare internal and external financial statements and be able to interpret accounting reports
    4. 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 attributes
    The 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 strategies
    The 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.
    Content
    The use of accounting information
    Recording accounting transactions and adjusting entries
    The financial statements: preparation and interpretation
    Financial statement analysis: limitations and interpretation
    Management accounting: budgeting theory and practice, CVP analysis
    Ethics and accounting
    Assessment
    Assessment task 1: Option A: Mid-Semester Exam and Final Exam
    Objective(s):
    This addresses subject learning objective(s):
    1, 2, 3 and 4
    This addresses program learning objectives(s):
    4.2
    Weight: 1. Mid-Semester Exam: 40% 2. Final Exam: 60%
    Assessment task 2: Option B: Tutorial Participation, Mid-Semester and Final Examination
    Objective(s):
    This addresses subject learning objective(s):
    1, 2, 3 and 4
    This addresses program learning objectives(s):
    4.2
    Weight: 1. Class Mark: 10% 2. Mid-Semester Exam: 30% 3. Final Exam: 60%

Course Disclaimer

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.