ACCT11059  Using Accounting for Decision Making

Students will understand the objectives of conducting business organisations, and the role of accounting in setting objectives, measuring progress towards targets, and providing input for decision making. The student will be able to evaluate performance of a firm based on Profit and Loss Statement, Balance Sheet, and Cash Flow Statement, and present recommendations relating to solvency, liquidity, and profitability of an organisation. In addition, a student will understand the basic types of accounts, and the behaviour of costs, including cost-volume profit analysis, short-term decision making, budgeting and basic analysis of capital projects. They will be able to present these arguments both orally, and in written submissions to management.