ACCOUNTING FOR MANAGERS
ACC5AFM
2019
Credit points: 15
Subject outline
This subject aims to provide you with an understanding of fundamental accounting theory, concepts, principles and practices. It explores how accounting information can be prepared, analysed, interpreted and applied to contemporary organisational decision-making processes and accountability. It also develops your awareness of the ethical, professional, organisational, and social contexts within which accounting is practiced. This subject is a prerequisite for postgraduate students that wish to further study accounting.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Paul Mather
Available to Study Abroad Students: Yes
Subject year level: Year Level 5 - Masters
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: N/A
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: N/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Discipline Specific | Financial Accounting: Reporting, Analysis and Decision Making (6th Edition) | Prescribed | Shirley Carlon, Rosina McAlpine, Chrisann Lee, Lorena Mitrione, Lily Wong and Ngaire Kirk | John Wiley & Sons Australia Ltd. |
Graduate capabilities & intended learning outcomes
01. Understand fundamental accounting theory, concepts, principles and practices.
- Activities:
- Students will undertake necessary readings, attend lectures and take notes. Students will also attend tutorials and prepare answers to pre-tutorial questions. Students will consolidate and expand this knowledge during tutorials, which will review the theory components and the practical application of the theory.
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
02. Understand the nature of accounting information, its uses and the methods for recording various kinds of information in accounting systems.
- Activities:
- Students will undertake necessary readings, attend lectures and take notes. Students will also attend tutorials and prepare answers to pre-tutorial questions. Students will consolidate and expand this knowledge during tutorials, which will review the theory components and the practical application of the theory.
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
03. Record and evaluate business transactions in an accounting system.
- Activities:
- Students will undertake necessary readings, attend lectures and take notes. Students will also attend tutorials and prepare answers to pre-tutorial questions. Students will consolidate and expand this knowledge during tutorials, which will review the theory components and the practical application of the theory.
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
04. Apply theoretical knowledge of accounting to create a set of financial statements from financial data.
- Activities:
- Students will undertake necessary readings, attend lectures and take notes. Students will also attend tutorials and prepare answers to pre-tutorial questions. Students will consolidate and expand this knowledge during tutorials, which will review the theory components and the practical application of the theory.
- Related graduate capabilities and elements:
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
05. Analyse and evaluate the approaches to accounting for specific types of assets, liabilities and equity.
- Activities:
- Students will undertake necessary readings, attend lectures and take notes. Students will also attend tutorials and prepare answers to pre-tutorial questions. Students will consolidate and expand this knowledge during tutorials, which will review the theory components and the practical application of the theory.
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
06. Explain and critique ethical, professional, organisational, and social contexts within which accounting is practiced.
- Activities:
- Students will undertake necessary readings, attend lectures and take notes. Students will also attend tutorials and prepare answers to pre-tutorial questions. Students will consolidate and expand this knowledge during tutorials, which will review the theory components and the practical application of the theory.
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Study and Learning Skills)
Melbourne, 2019, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Paul Mather
Class requirements
LectureWeek: 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.
TutorialWeek: 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.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One Mid-semester Test (In-Class) (1,000-word equivalent) | Individual assessment. | 20 | 01, 02, 03, 04 |
| One Assignment (1,000-word equivalent) | Further specifics on assignment will be provided on LMS during the semester. | 20 | 01, 02, 03, 04, 05, 06 |
| One 3-hour Final Examination (3,000-word equivalent) | Individual assessment. | 60 | 01, 02, 03, 04, 05, 06 |
Melbourne, 2019, Semester 2, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Paul Mather
Class requirements
LectureWeek: 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.
TutorialWeek: 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.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One Mid-semester Test (In-Class) (1,000-word equivalent) | Individual assessment. | 20 | 01, 02, 03, 04 |
| One Assignment (1,000-word equivalent) | Further specifics on assignment will be provided on LMS during the semester. | 20 | 01, 02, 03, 04, 05, 06 |
| One 3-hour Final Examination (3,000-word equivalent) | Individual assessment. | 60 | 01, 02, 03, 04, 05, 06 |
Sydney, 2019, Study Period 2, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Paul Mather
Class requirements
LectureWeek: 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.
TutorialWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| One Mid-semester Test (In-Class) (1,000-word equivalent) | Individual assessment. | 20 | 01, 02, 03, 04 |
| One Assignment (1,000-word equivalent) | Further specifics on assignment will be provided on LMS during the semester. | 20 | 01, 02, 03, 04, 05, 06 |
| One 3-hour Final Examination (3,000-word equivalent) | Individual assessment. | 60 | 01, 02, 03, 04, 05, 06 |
Sydney, 2019, Study Period 3, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Balachandran Muniandy
Class requirements
LectureWeek: 46
One 2.0 hours lecture per week on weekdays during the day in week 46 and delivered via face-to-face.
TutorialWeek: 46
One 1.0 hours tutorial per week on weekdays during the day in week 46 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One Mid-semester Test (In-Class) (1,000-word equivalent) | Individual assessment. | 20 | 01, 02, 03, 04 |
| One Assignment (1,000-word equivalent) | Further specifics on assignment will be provided on LMS during the semester. | 20 | 01, 02, 03, 04, 05, 06 |
| One 3-hour Final Examination (3,000-word equivalent) | Individual assessment. | 60 | 01, 02, 03, 04, 05, 06 |
Sydney, 2019, Study Period 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Paul Mather
Class requirements
LectureWeek: 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.
TutorialWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| One Mid-semester Test (In-Class) (1,000-word equivalent) | Individual assessment. | 20 | 01, 02, 03, 04 |
| One Assignment (1,000-word equivalent) | Further specifics on assignment will be provided on LMS during the semester. | 20 | 01, 02, 03, 04, 05, 06 |
| One 3-hour Final Examination (3,000-word equivalent) | Individual assessment. | 60 | 01, 02, 03, 04, 05, 06 |