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BUSS1030课程简介
There are many uses for accounting data. This unit of study investigates the fundamentals of accounting at an introductory level to provide students with a user-focused understanding of accounting information. The unit of study introduces key accounting concepts from a user perspective, introducing simple financial statements, internal business planning and working capital, as well as evolving topics such as sustainability and corporate governance. Students develop desirable graduate attributes such as critical-thinking and decision-making skills via a range of knowledge building tasks. Authentic assessment is used to evaluate and assist students in the learning process.
Prerequisites
At the completion of this unit, you should be able to:
LO1. demonstrate an understanding of the role of accounting in business decision-making through the analysis and interpretation of accounting information
LO2. prepare and use conventional financial reports – statement of financial position, statement of financial performance and cash flow statements
LO3. apply accounting concepts and techniques to new contexts and scenarios
LO4. analyse and critically interpret accounting information to inform everyday business decisions
LO5. develop technical competency in accounting skills/techniques to demonstrate their application in business contexts and scenarios.
BUSS1030 Decision Accounting HELP（EXAM HELP， ONLINE TUTOR）
What is an example of decision-making in accounting?
An example of decision-making in accounting could be a company deciding whether to invest in a new project or not. The decision-making process in this scenario would involve analyzing the potential benefits and costs of the project, including factors such as expected revenue, operating expenses, capital expenditures, and potential risks.
The accounting team would be responsible for gathering and analyzing financial data to determine the potential financial impact of the project, such as calculating the projected return on investment (ROI) and assessing the project’s cash flow. This information would then be used by management to make an informed decision about whether to move forward with the investment or not.
Other examples of decision-making in accounting include determining whether to lease or purchase equipment, deciding whether to outsource certain business functions, and choosing between different financing options for a project or investment. In all of these scenarios, the accounting team plays a critical role in providing financial information and analysis to support the decision-making process.
What is decision-making in financial accounting?
Decision-making in financial accounting refers to the process of using financial information and analysis to make informed decisions about the financial management of a business or organization. Financial accounting is concerned with the recording, analysis, and reporting of financial transactions and information, which is then used to make decisions that affect the future of the business.
In financial accounting, decision-making may involve a range of activities, such as determining the best course of action for managing cash flow, assessing the financial viability of a new product or service, deciding whether to invest in new equipment or technology, or evaluating different financing options.
To make informed decisions in financial accounting, it’s important to have accurate and up-to-date financial information. This information is typically collected through the use of financial statements, such as balance sheets, income statements, and cash flow statements, as well as financial ratios and other analytical tools.
Financial accounting also requires an understanding of accounting principles and standards, as well as relevant laws and regulations. With this knowledge and information, financial accountants can provide valuable insights and recommendations to support decision-making in areas such as budgeting, forecasting, and financial planning.
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