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Details for ACC101 Accounting for Decision Making

This introductory subject provides an essential foundation in accounting, emphasising its critical role in business decision-making. Key accounting principles and different business structures are explained, enabling students to analyse financial statements, create a budget, and effectively evaluate business decisions. With a blend of theory and practical application, students will learn to use accounting information to make sound business decisions, while also considering ethics and sustainability.

Quick Stats

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

Subject Coordinator

Tammy Zunker

Prerequisite

Unit Content

Outcomes

  1. Demonstrate knowledge of essential accounting and business concepts including:
    – Assets, liabilities and equities;- Current and non-current assets and liabilities;

    – Credit and debit;

  2. Analyse and record business transactions using double-entry accounting for a range of business entities;
  3. Explain the purpose of financial statements;
  4. Demonstrate an ability to analyse and interpret financial statements and reports;
  5. Demonstrate an ability to understand budgets and the budgeting process;
  6. Appraise and utilise financial information for decision making;
  7. Describe the relationship between ethics and the accounting profession, including the incorporation of a Christian worldview;
  8. 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

  1. Introduction to accounting / Business sustainability, accountability and ethics
  2. Business structures
  3. Business transactions
  4. Balance Sheet
  5. Income Statement and statement of changes in equity
  6. Statement of cash flows
  7. Analysis and interpretation of financial reports
  8. Budgeting
  9. Cost-Volume-Profit analysis
  10. Costing and pricing in an entity
  11. Capital investment
  12. 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