Accounting for Decision Makers

Course code ACFI1001Units 10Level 1000Faculty of Business and LawNewcastle Business School

Financial accounting and management accounting concepts provide the very foundation for business decision making. This course provides an introduction to financial accounting by analysing the accounting function and the preparation of conventional financial statements. Students will develop the initial skills of financial management while beginning to engage in appropriate ethical practices.

Available in 2015

Callaghan CampusSemester 1, Semester 2
OurimbahSemester 1
Previously offered in 2014
ObjectivesOn successful completion of this course, students will be able to:
1. Discuss and explain the nature and purpose of accounting;
2. Prepare and interpret financial statements according to conventional methods of accounting;
3. Identify, analyse and evaluate financial information relevant to the operating, investing and financing decisions of a
business entity;
4. Organize, calculate and analyse information relevant to decision making;
5. Demonstrate a growing awareness of sustainability within the accounting environment.
ContentThe course content includes the following topics:
1. Introduction to accounting and different accounting entities
2. Financial statements
3. Recording accounting transactions
4. Analysing, and interpreting Financial Statements
5. Introduction to managerial accounting
6. Cost-volume-profit analysis
7. Time value of money
8. Capital investment decisions
9. Budgeting
10. Accounting for sustainability
Replacing Course(s)N/A
TransitionStudents who have completed ACFI1020 cannot enrol in this course.
Industrial Experience0
Assumed KnowledgeNil
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Assessment Items
Examination: ClassMid Semester examination
Examination: Formal
Other: (please specify)Tutorial based tasks
Contact HoursLecture: for 2 hour(s) per Week for 13 weeks
Tutorial: for 2 hour(s) per Week for 12 weeks
Timetables2015 Course Timetables for ACFI1001