Hobart, Launceston, Cradle Coast, Hong Kong Universal Ed
This unit provides the opportunity for you to acquire an understanding of business from an accounting perspective and to begin your development of a coherent body of knowledge in accounting and finance. You will develop skills in planning and decision making, as well as learning about how to communicate your findings in an accounting context. This unit is designed specifically to provide you with an understanding of the role that accounting plays in various aspects of financial decision-making in business. A user perspective is adopted in which the outputs of the accounting process are explained and interpreted in both internal and external financial decision contexts.
You will learn how: profit and wealth are measured in a business context; the major financial statements are constructed; and the outputs of the accounting process may be interpreted and used for key business decision-making. For those of you intending to take further units in accounting, this unit will serve as an essential foundation and preparation for continued study. For those of you not intending to take further units in accounting, the experience gained from this unit will also be invaluable. Accounting is often referred to as the language of business, so whatever aspect of business you intend to specialise in, you will need to be familiar with the concepts and principles underlying the practice of accounting and financial reporting.
|Unit name||Accounting and Financial Decision Making|
|Faculty/School||College of Business & Economics
Tasmanian School of Business and Economics
|Discipline||Accounting and Corporate Governance|
|Available as student elective?||Yes|
|Location||Study period||Attendance options||Available to|
|Hobart||Semester 1||On-Campus||Off-Campus||International International International International||Domestic Domestic Domestic Domestic|
|Hobart||Semester 2||On-Campus||Off-Campus||International International||Domestic Domestic|
|Launceston||Accelerated Study Period 1||On-Campus||International||Domestic|
|Launceston||Accelerated Study Period 3||On-Campus||International||Domestic|
|Cradle Coast||Semester 1||On-Campus||International International||Domestic Domestic|
|Hong Kong Universal Ed||Semester 2||On-Campus||International|
- International students
- Domestic students
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|Study Period||Start date||Census date||WW date||End date|
|Accelerated Study Period 1||3/2/2020||21/2/2020||19/3/2020||2/5/2020|
|Accelerated Study Period 3||14/9/2020||2/10/2020||28/10/2020||12/12/2020|
* 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: Use accounting principles to measure and report on the financial position of a business.
- LO2: Analyse and interpret financial reports.
- LO3: Use financial information for internal decision-making purposes.
|Band||CSP Student Contribution||Full Fee Paying (domestic)||Field of Education|
|3||2020: $1,394.00||2020: $2,702.00||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.
1 x 1 hour lecture per week; 1 x 2 hour seminar.
Internal assessments 40%, Final exam (60%). Please check the unit outline for details.
|Timetable||View the lecture timetable | View the full unit timetable|
You will need the following text:
Birt, J, Chalmers, K, Maloney, S, Brooks, A, & Oliver, J 2017, Accounting Business Reporting for Decision Making, 6th edition, Wiley, Melbourne.
You also need access to a reliable computer with internet access and Microsoft Excel.
Co-op Bookshop links
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.