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On successful completion of this course, students will be able to:

1	Understand the nature and role of the four principal financial statements (i.e., the Income Statement, the Statement of Financial Position, the Statement of Cash Flows, and the Statement of Changes in Equity)
2	Develop an awareness and understanding of the accounting process and fundamental accounting principles that underpin the development of financial statements (e.g. accrual accounting vs. cash accounting, definition, recognition, measurement and disclosure of assets, liabilities, revenues, expenses; inventory valuation methods, provisions, depreciation; accounting for intangibles)
3	Ability to read, interpret and analyse financial statements; combine financial analysis with other information to assess the financial performance and position of a company
4	Understand and apply course concepts to analyse common business management decisions such as pricing and outsourcing decisions from a financial perspective
5	Understand the role of budgets in organisations, their limitations and the behavioural issues to consider when developing and using budgets for planning and control
6	Develop group work and communication skills.

The text required is:

Birt, J., Chalmers, K., Maloney, S., Brooks, A., Oliver, J. and D. Bond. (2024) Accounting: Business Reporting for Decision Making, 8th edition. Wiley.

In addition to using material contained in the course notes and prescribed textbook, useful resources will also be made available through the course’s MyUni website. These include answers to selected in-class exercises / activities and exam revision questions. Please remember to visit the website regularly for updates.

Accounting is very much an applied activity that is best understood and learnt through practice and utilisation. Class sessions in Accounting for Managers have been designed to reflect this “active learning” approach to the study of accounting. Only a small proportion of each class session will be delivered in a “lecture” style and the majority of class time will be spent working through and discussing various exercises and case studies in a “seminar” style. The course folder contains a “topic outline and activities” handout for each of the topics covered in this course. The topic outline handouts contain information about the readings, objectives, and activities/exercises that will be covered in each topic. It is vital that you cover the allocated readings and attempt in writing all the exercises for a topic PRIOR TO attending class sessions. There is a lot of material to cover from class to class and all later topics necessarily build on your learning from prior topics. If you have not conducted sufficient preparation for a class session, you will almost certainly find the discussion incomprehensible. Clearly this will also impact on your understanding of later material and your ability to achieve success in the course. To develop independent learning, all lecturers in this course have been instructed NOT to handout solutions to all the class exercises under any circumstances. If you miss a class session or have difficulty understanding a particular exercise or activity, your lecturer will be more than happy to discuss a suggested solution with you but only on the proviso that you have made some written attempt at a solution beforehand. However, some selected questions and solutions will be posted at regular intervals on the MyUni website to provide you with extra practice and feedback.

In your preparation for each class session, you should attempt the activities and exercises in the order listed in each topic outline because the activities have generally been structured from the least to most complex. During a class session your lecturer may choose to discuss activities in an order different to that listed in the topic outline and may even ask you to attempt previously unseen questions as a means of extending or testing your understanding of the relevant concepts, techniques, and skills.

Given the importance of preparation and participation to the successful completion of the course, it is important that you plan your studies ahead of time. Some topics will require more preparation than others and you will also have to allow for preparation for the test, group assignment and the exam. The topic schedule (under section 1.3) includes information that will help you to plan your studies in this course.

The workload in this course is not light, particularly topics 4 and 5 were there is a considerable amount of reading. Students normally find topics 7-11 easier in terms of preparation hours required compared to earlier topics. As a guide, students will need to spend around 7 hours (not including class time) per topic for reading and attempting/revisiting the in-class activities prescribed for each topic.

Topic	Readings (Summarised – see each topic outline)
Topic 1: An Overview of Accounting & Financial Statements	- Chapter 1  - Article: ‘A Guide to Understanding Financial Reports’
Topic 2:The Accounting Information System	- Chapter 2  - Article: ‘The Inconvenient Truth of Natural Capital Accounting’
Topic 3: Accrual Accounting & Measuring Performance	- Chapter 3  - Article: ‘Fuzzy Numbers’
Topic 4: Working Capital	- Chapter 5  - Chapter 7 (pp. 420 – 447 only) (you can ignore the Appendix to this chapter).  - Chapter 9 (pp 534 – 541 and 559 – 561 only).  - Article: ‘Current or Non-Current?’
Topic 5: Non-Current Assets, Debt & Equity	- Chapter 8  - Chapter 9 (pp. 541 – end)  - Chapter 10 (pp. 596, 599 [Dividends] – end).  - Article: ‘Companies should come clean on the value of leases on their books’
Topic 6: Cash Flows	- Chapter 11  - Article: ‘One.Tel’s cash SOS’
Topic 7: Financial Statement Analysis + IN-CLASS TEST	- Chapter 12
Topic 8: Introduction to Management Accounting, Costing Concepts & CVP Analysis.	- Chapter 14  - Chapter 16
Topic 9: Costing of Goods and Services	- Chapter 15  - Langfield-Smith chapter reading  - Article: ‘Nurturing the Right Customers’
Topic 10: Incremental Analysis & Short-Run Decision-Making	- Chapter 18 (pp. e228 – e238 only)  - Horngren, Datar and Foster chapter reading  - Article: ‘Take a Cost-Benefit Approach to Ethics’
Topic 11: Budgeting & Control	- Chapter 17  - Article: ‘Who needs budgets’  - Article: ‘Comparing Budgets’

Assessment Task	Weighting %	Objectives	Due or Scheduled Date
Test	15%	Understanding of concepts in Topics 1 – 6.	13 March
Group Projectd	30%	Ability to read, interpret and analyse financial statements; combine financial analysis with other information to assess the financial performance and position of a company.	Midnight 27 March [submitted online via MyUni]
Final Exam	55%	Understanding and apply course concepts to analyse common business management problems from a financial perspective.	24 April

Attendance at Intensives:
The MBA program is largely undertaken through face-to-face class sessions to facilitate interactions between the lecturing staff and fellow students. Accordingly there is an expectation that you will attend all of the scheduled classes. If work commitments, illness or other circumstances require you to be absent from some lectures, please inform your lecturer in advance by either phone or email so that you may discuss the topic(s) to be covered in the class session and the tasks you need to complete before the next session. It is your responsibility to make arrangements with the lecturer or other students to catch up on information discussed in class, however, it is unlikely that lecturers will be able to repeat a class to cover your absence.

Please note that if you have not attended at least 80% of the class sessions for a course you will forgo your right, on academic grounds, to any supplementary assessment opportunities.

Further information on these assessment items will be provided separately.

The group assignment is to be submitted electronically.

The mid-trimester test and final examination are held in class sessions.