ACCOUNTING FOR MANAGERS

ACC5AFM

2018

Credit points: 15

Subject outline

This subject aims to provide you with the necessary postgraduate skills to be preparers and informed users of financial accounting information for decision-making.  The subject

  • provides  an understanding of the accounting concepts, principles and practices that are fundamental to the preparation and use of standard accounting information. 
  • aims to develop student awareness of the ethical. professional, organisational and social contexts with in which accounting is practiced. 


SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorSusan Greer

Available to Study Abroad StudentsYes

Subject year levelYear Level 5 - Masters

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsFinancial Accounting: Reporting, Analysis and Decision Making 5th EditionPrescribedShirley Carlon, Rosina Mcalpine # Mladenovic, Chrisann Palm, Lorena Mitrione, Ngaire Kirk and Lily Wong. 2016John Wiley & Sons Australia Ltd.

Graduate capabilities & intended learning outcomes

01. Understand the accounting environment, the nature of accounting information and its users and uses. Examine the guiding principles upon which accounting is based

Activities:
1. Explain the nature, purpose and uses of accounting. 2. Identify the principal users of accounting information and their information needs. 3. Discuss the various forms of business organisation. 4. Distinguish between cash-based and accrual-based accounting systems. 5. Discuss the conceptual framework and generally accepted accounting principles (GAAP).
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Literacies and Communication Skills
Personal and Professional Skills

02. Appreciate the nature of assets, liabilities, owners' equity, revenues and expenses and the forms of reporting accounting information.

Activities:
1. Identify and discuss the nature, types and classifications of assets, liabilities, owners' equity, revenues and expenses. 2. Explain the functions of the financial statements.
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Literacies and Communication Skills
Personal and Professional Skills
Personal and Professional Skills

03. Record straightforward business transactions in an accounting system.

Activities:
1. List the rules of debit and credit and explain the double entry recording system. 2. Explain and account for the stages of the accounting cycle: 3. Analysis of transactions; 4. Journalise transactions; # Post journal entries to ledger; # Prepare various trial balance(s); and # Journalise and post end of period adjusting and closing entries.
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Literacies and Communication Skills
Personal and Professional Skills
Personal and Professional Skills

04. Produce a set of financial statements from financial data.

Activities:
Complete the accounting cycle and prepare correctly classified financial statements.
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Literacies and Communication Skills
Personal and Professional Skills
Personal and Professional Skills

05. Discuss and account for specific types of assets.

Activities:
1. Discuss the nature and types of current and non-current assets. 2. Account for current assets (cash, receivables and inventories). 3. Discuss control issues for cash and receivables. 4. Account for non-current assets (purchase, maintenance, improvement, sale, depreciation).
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Literacies and Communication Skills
Personal and Professional Skills
Personal and Professional Skills

06. Discuss and account for specific types of liabilities and equity.

Activities:
1. Discuss the nature and types of liabilities. 2. Account for liabilities and equity
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Literacies and Communication Skills
Personal and Professional Skills
Personal and Professional Skills

07. Explain and critique some of the conventions underlying accounting. Develop student awareness of alternative forms of accounting.

Activities:
1. Critically discuss the objectives of accounting, and the nature and uses of financial accounting information. 2. Explain and critique forms of social accounting, such as sustainability reporting.
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Literacies and Communication Skills
Inquiry and Analytical Skills
Personal and Professional Skills
Personal and Professional Skills

Subject options

Select to view your study options…

Start date between: and    Key dates

Melbourne, 2018, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorSusan Greer

Class requirements

Tutorial Week: 11 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Mid-semester test (1-1.5 h)25 01, 02, 03, 04
Tutorial assessment tasksA selection of tasks drawn from: quizzes, written tasks and participation. Equivalent to 500 words per student.15 01, 02, 03, 04, 05, 06
one 3-hour final examination60 01, 02, 03, 04, 05, 06, 07

Melbourne, 2018, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorSusan Greer

Class requirements

Tutorial Week: 32 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 32 to week 43 and delivered via face-to-face.

Lecture Week: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Mid-semester test (1-1.5 h)25 01, 02, 03, 04
Tutorial assessment tasksA selection of tasks drawn from: quizzes, written tasks and participation. Equivalent to 500 words per student.15 01, 02, 03, 04, 05, 06
one 3-hour final examination60 01, 02, 03, 04, 05, 06, 07

Sydney, 2018, Study Period 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorSusan Greer

Class requirements

Lecture Week: 31 - 42
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.

Tutorial Week: 31 - 42
One 1.0 hours tutorial per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Mid-semester test (1-1.5 h)25 01, 02, 03, 04
Tutorial assessment tasksA selection of tasks drawn from: quizzes, written tasks and participation. Equivalent to 500 words per student.15 01, 02, 03, 04, 05, 06
one 3-hour final examination60 01, 02, 03, 04, 05, 06, 07

Sydney, 2018, Study Period 3, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorSusan Greer

Class requirements

Lecture Week: 46
One 2.0 hours lecture per week on weekdays during the day in week 46 and delivered via face-to-face.

Tutorial Week: 46
One 1.0 hours tutorial per week on weekdays during the day in week 46 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Mid-semester test (1-1.5 h)25 01, 02, 03, 04
Tutorial assessment tasksA selection of tasks drawn from: quizzes, written tasks and participation. Equivalent to 500 words per student.15 01, 02, 03, 04, 05, 06
one 3-hour final examination60 01, 02, 03, 04, 05, 06, 07

Sydney, 2018, Study Period 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorSusan Greer

Class requirements

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Tutorial Week: 10 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Mid-semester test (1-1.5 h)25 01, 02, 03, 04
Tutorial assessment tasksA selection of tasks drawn from: quizzes, written tasks and participation. Equivalent to 500 words per student.15 01, 02, 03, 04, 05, 06
one 3-hour final examination60 01, 02, 03, 04, 05, 06, 07