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

Prerequisite

This unit has no prerequisites.

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

This course may be offered in the following formats

• Face to face (intensive)
• Face to face (extensive)
• E-learning (online)

Please check the timetable to see when this subject will next be offered at Alphacrucis University College.

Assessment Methods

1. Online Exams (15%)
2. Case Study (15%)
3. Group Project (20%)
4. 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.