Key facts
UNE unit code: AFM123
*You are viewing the 2024 version of this unit which may be subject to change in future.
- Trimester 1 - On Campus
- Trimester 1 - Online
- Trimester 2 - On Campus
- Trimester 2 - Online
- Armidale Campus
- UNE Sydney Campus
- Yes
- No
- Yes
- 6
Unit information
Effective business decision making is a crucial skill to have for business graduates to build a successful career. Knowledge of financial accounting, management accounting and finance aids in making effective business decisions. This unit, combining a focus on these three accounting and finance fields, will provide a solid foundation to help you understand the basics of business decision making and the role accounting information can play in making effective business decisions.
You will learn conventional accounting principles to understand, measure and record economic events, accounting systems operations and the accounting cycle process, and the recording and reporting of financial and economic data in the form of financial statements. At the completion of the unit, you will have an understanding of the scope and language of management accounting, Cost Volume Process analyses, job/product costing systems, and short-term operational budgeting and long-term capital investment decisions with a focus on time value of money, at a fundamental level.
Offerings
For further information about UNE's teaching periods, please go to Principal Dates.
| Teaching period | Mode/location |
|---|---|
| Trimester 1 | On Campus, Armidale Campus |
| Trimester 1 | Online |
| Trimester 2 | On Campus, Armidale Campus |
| Trimester 2 | On Campus, UNE Sydney Campus |
| Trimester 2 | Online |
*Offering is subject to availability
Intensive schools
There are no intensive schools required for this unit.
Enrolment rules
Notes
Please refer to the student handbook for current details on this unit.
Unit coordinator(s)
Learning outcomes
Upon completion of this unit, students will be able to:
- demonstrate a foundational knowledge in the theory and practice around the accounting cycle from recording transactions through to preparing financial statements under the accrual accounting system;
- demonstrate foundational knowledge related to internal controls, receivables, payables and inventory in a retail business setting;
- demonstrate knowledge of the theory and practice of management accounting and management decision-making and apply this to business-related problems in areas such as the nature, behaviour and flow of cost and CVP analysis, at a fundamental level; and
- demonstrate judgement and analytical skills in solving business-related problems in the areas of planning and control, budgeting, job and product costing systems, business decision-making and time value of money, at a fundamental level.
Assessment information
Assessments are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
| Title | Must Complete | Weight | Offerings | Assessment Notes |
|---|---|---|---|---|
| Assignment 1 | Yes | 20% | All offerings | Theoretical/Short-Answer and/or practical/exercises/problem-type questions |
| Assignment 2 | Yes | 20% | All offerings | Theoretical/Short-Answer and/or practical/exercises/problem-type questions |
| Final Exam | Yes | 60% | All offerings | Multiple Choice Questions, theoretical/Short-Answer and practical/exercises/problem-type questions Students must obtain at least 50% on the final exam and at least 50% overall in the unit to secure a Pass or better grade in the unit |
Learning resources
Textbooks are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
Note: Students are expected to purchase prescribed material. Please note that textbook requirements may vary from one teaching period to the next.
Accounting
ISBN: 9781488617362
Miller-Nobles, T., Mattison, B., Matsumura, E. M., Best, P., and Keene, D., Pearson Education 9th ed. 2020
Text refers to: All offerings
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