The purpose of this unit is to provide a solid basis in financial literacy. Through studying this unit, you will gain knowledge of both internal and external reporting for financial decision making. Rather than generating data, the emphasis in on how to interpret financial data, and being able to critically evaluate this data to be able to make decisions about the financial performance of the venture and how this could be improved. Such knowledge is imperative when starting up a venture or managing a business unit/function within an organisation. You will have the ability and confidence to critically question the underlying assumptions and ensure enough information has been provided to make valid judgements. These are essential components of beginning a business venture, taking it in a new direction or managing an existing business (or not-for-profit entity). You will also learn how to maintain a sustainable business, and to question other businesses sustainability.
|Unit name||Accounting for Venture Decisions|
|Faculty/School||College of Business & Economics
Tasmanian School of Business and Economics
|Discipline||Tasmanian School of Business and Economics|
|Available as student elective?||Yes|
|Location||Study period||Attendance options||Available to|
- International students
- Domestic students
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Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.
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|Study Period||Start date||Census date||WW date||End date|
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).
Unit census dates currently displaying for 2020 are indicative and subject to change. Finalised census dates for 2020 will be available from the 1st October 2020.
|LO1||Acquire the concepts and language of financial accounting in communicating financial information.|
|LO2||Apply venture accounting concepts to a business plan.|
|LO3||Use financial information for venture decision making.|
|LO4||Evaluate and explain the role of accounting information in a sustainable new venture|
|Band||CSP Student Contribution||Full Fee Paying (domestic)||Field of Education|
|3||2020: $1,394.00||2020: $3,545.00||080101|
Fees for next year will be published in October. The fees above only apply for the year shown.
Please note: international students should refer to this page to get an indicative course cost.
In-Workshop Assessment (25%), Case Study 1 (25%), Case Study 2 (25%), Case Study 3 (25%).
|Timetable||View the lecture timetable | View the full unit timetable|
You will need the following text:
Collier, P. m., 2015, Accounting for Managers: Interpreting Accounting Information for Decision Making, 5th Edn, Wiley,
It is available from University Cooperative Bookshop Ltd (www.co‐opbookshop.com.au) or contact the Sandy Bay campus bookshop on 03 6224 2614 for a hardcopy; or (www.Wiley.com.au) for an electronic version (ISBN 978-1-119-09710-5) for your personal computer or other device.
If you choose to purchase a second‐hand book, make sure that it is the fifth edition – it is awkward to work with an earlier edition, given the changes made from edition to edition. Also, be aware that the supplementary materials that accompany the book are available only to purchasers of a new book.
Co-op Bookshop links
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.