BUSN9226 Accounting for Managers

2012

4.5

1 x 1.5-hour tutorial weekly
1 x 2-hour seminar weekly

BUSN9201 has been successfully completed

Master of Business Administration; Master of Business Administration (Advanced); Graduate Diploma in Research (Business); Graduate Certificate in Business Administration; Graduate Certificate in Research (Business)

The topic introduces students to the way in which a manager utilises accounting, finance, and information systems in decision making. The topic provides students with a solid grounding in accounting fundamentals including statements of comprehensive income, balance sheets, changes in equity and cash flows. Emphasis will be placed on how to assess an organisation's current cash flow and profitable position together with how to deal with internal and external environmental complexities and constraints. Students will be involved in the formulation, implementation, and control of an organisation's accounting, internal controls, and financial statements, and will produce and interpret performance ratios.

The topic consists of four main parts:

1. The accounting environment and accounting reports - their nature and use.
2. The recording and external reporting focus.
3. Accounting and financial management.
4. Accounting for management decisions.

This topic aims to provide an insight and understanding of the accounting process, specifically to increase understanding of what managers must do to make an organisation financially successful. Emphasis will be placed on how to assess an organisation's current cash flow and profitable position together with how to deal with internal and external environmental complexities and constraints. In attempting to cover these issues formulation, implementation, and control of an organisation's accounting, internal controls, and financial statements need to be understood and performance ratios required to be interpreted. In addition, the topic aims to develop:

• generic cognitive skills (especially analytical and evaluative skills),
• behavioural skills (especially personal and interpersonal skills) which can be employed in an organisational work environment.

Upon successful completion of this topic students will be able to:

• understand and interpret financial and accounting data in order to facilitate management decision making in an international perspective
• to clearly identify any accounting policy and financial problems which inhibit international development in global markets
• understand that financial problems may include cash flow, profitability, risk and liquidity issues