Courses & Units

Accounting for Venture Decisions BAA537



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
Unit code BAA537
Credit points 12.5
Faculty/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Tasmanian School of Business and Economics

Andrew Ross

Level Postgraduate
Available as student elective? Yes
Breadth Unit? No


Location Study period Attendance options Available to
Hobart Semester 1 On-Campus International Domestic


International students
Domestic students

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Key Dates

Study Period Start date Census date WW date End date
Semester 1 24/2/2020 23/3/2020 13/4/2020 31/5/2020

* 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 2019.

About Census Dates

Learning Outcomes

LO1Acquire the concepts and language of financial accounting in communicating financial information.
LO2Apply venture accounting concepts to a business plan.
LO3Use financial information for venture decision making.
LO4Evaluate 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%).

TimetableView 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 (‐ or contact the Sandy Bay campus bookshop on 03 6224 2614 for a hardcopy; or ( 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.

Booktopia textbook links

The University reserves the right to amend or remove courses and unit availabilities, as appropriate.