Accounting for Business Decisions
Testimonials
Aleksandra Shcherbakova
Master of Management
“I have met some truly impressive talents and kind personalities among our lecturers."
Angelica Balajadia
Master of Management
“I have found my people here, I have networked here. I am open to doors opening and so many doors are opening already."
Wiranpatchara (Sandy) Wongchanapai
Master of International Business
"Whilst studying at ICMS, I was able to have a strong work/study life balance".
Cameron Colvin
Bachelor of Business (Marketing)
"My work experience boosted my confidence and allowed me to apply theoretical knowledge in practical settings."
Taylor McLeod
Bachelor of Business (Sports Management)
“The small, intimate environment in my lectures makes me feel like I am being heard and that I am getting the most out of my studies."
Julie Williams
Bachelor of Business (Fashion and Global Brand Management)
"I chose ICMS because they have provided me with the opportunity to kickstart my career through their many industry partners".
Keegan Du Preez
Bachelor of Business Management (Accounting)
"ICMS is realistic. They understand the realistic expectations of various markets. It’s not just textbook knowledge, especially compared to every other competitor".
Michaela Mayes
Bachelor of Business (Marketing)
"ICMS' Work Integrated Learning gave me the ability to gain real life experience before I even graduated".
Alana Williams
Bachelor of Business (Accounting)
“I worked full time whilst studying, with ICMS allowing for such a great work to study ratio and balance, where I was flexibly allowed to do both.”
Juliette Wilson
Bachelor of Business (Marketing)
"I think the biggest thing is that you get a personalised experience, and you’ll be treated like a person, not a number".
Calum McKnight
Bachelor of Business (Marketing)
“Very quickly, ICMS gave me a circle of friends who are pretty driven – but who also like to have fun – and when I see where they are now it’s pretty exciting and it drives me further.”
Ewan Metcalfe
Bachelor of Business (Sports Management)
"Through being at this college and the geographical location, it always reminded me to stay grounded, keep working hard to further improve my life and stay happy".
This subject is available under ICMS postgraduate degrees, please click the button below to find a postgraduate course for you.
Subject Code:
ACC601
Subject Aim:
The complexity of modern business environments and a need for graduates to have advanced knowledge and skills to succeed and underpin the design of Accounting for Business Decisions. This subject integrates relevant theory and concepts with a range of professional attributes necessary to prepare, interpret and analyse accounting information to enable managers to make sound decisions and judgements in a range of business situations.
The aim of this subject is to address the importance of accurate and reliable accounting and financial information and equip you with the requisite knowledge and skills to prepare, analyse and interpret complex data to make a range of business decisions. The subject also focuses on how to produce a range of accounting and financial reports that comply with applicable laws and codes of practice. More importantly, you will also examine the theoretical basis upon which these reports are produced and the business and economic rationale as to why they are produced.
Learning Outcomes:
a) Demonstrate advanced technical skills, including information technology and accounting software, necessary to record and report financial information using accrual accounting principles.
b) Analyse and interpret financial statements to evaluate a company’s financial performance and position to make sound and informed business decisions.
c) Analyse and communicate the theoretical principles and methodological basis of financial and management accounting to a range of stakeholders.
d) Prepare and present key financial statements involving complex financial data that are consistent with the applicable framework and regulatory requirements in a contemporary business environment.
e) Critically analyse and evaluate various contemporary issues (e.g. accounting for intangible assets, global conversion of accounting standards, corporate social reporting, sustainability) and other issues relevant to contemporary accounting practice.
Student Assessment:
Please refer to the official Exam Timetable for further information. For detailed instructions see the Moodle site.
For detailed information, see the subject Moodle site.
| No | Assessment task | Weighting | Subject learning outcomes to be assessed |
| 1 | Financial Statement | 25.00% | a, b, d |
| 2 | Critical Appraisal Report (G) | 35.00% | b, c, e |
| 3 | Management Accounting Analysis | 40.00% | b, c, d, e |