ACCT11059 - Using Accounting For Decision Making

Faculty of Arts, Business, Informatics & Education
ACCT11059
Using Accounting for Decision Making
What is this course about? 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.
What are the expected On successful completion of this course, you should be able to:
outcomes of the course? 1. understand the objectives of conducting business with organisations and be able to
identify stakeholders in an organisation
2. outline the process of setting goals and targets and identify the role of accounting
in setting objectives
3. measure progress towards targets, and provide input for decision making
4. evaluate performance of a firm based on the Balance Sheet, Income Statement
[Profit and Loss Statement] and the Statement of Cash Flow, and to analyse the
strengths and weaknesses of a business
5. apply approaches to problem solving, and apply those processes in presenting
recommendations relating to solvency, liquidity and profitability of an
organisation
6. 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
7. apply basic research skills and develop other useful generic skills such as time
management and communication
8. apply web access skills by using the University learning management system
website as well as accessing the CQU course information website.
When is it offered? 2010 Term One

For those of you taking the course on campus, the schedule will be published at
http://timetabling.cqu.edu.au
Where is it offered? Brisbane, Bundaberg, Emerald, Flexible Learning, Gladstone, Gold Coast, Mackay,
Melbourne, Melior, Rockhampton, Sydney
How is it assessed? Approved assessment for this course is:

Examination 55%
Other 45%
Assessment 1 30% Assignment - Activities 1 & 3 ALL
Assessment 2 15% Multiple Choice Tests: Parts A, B & C ALL
Course Profile for: ACCT11059, 2010 Term One - Page 1

What textbooks do I need Prescribed
to obtain? ● Atrill, McLaney, Harvey & Jenner 2009, Accounting an introduction, 4th edn,
Pearson Education Australia, Frenchs Forest.

Note: This text will be packaged with the Workbook to accompany Accounting:
an
introduction at a cost saving to students.
● Jenner, M & Silvester M 2009, Workbook to accompany accounting an
introduction, 4th edn, Pearson Education Australia, Frenchs Forest.

Note: This workbook will be packaged with the text - Accounting an introduction,
at a cost saving to students.
Who do I contact?
Coordinator: Christine Woodland
Email: acct11059-admin@cqu.edu.au
Phone: +61 7 41507049
Additional contact details may be found at:

http://lecturer.cqu.edu.au/lecturer.jsp?term=2101&course=ACCT11059
Copyright CQUniversity

Information for Students for this Offering
Study Schedule
Week Begin Date Module/Topic Chapter Events and
submissions
Week 1 01 Mar 10 Introduction to accounting and finance and 1&2 Assessment Item 1 -
accounting entities Please see Assessment
Item 1 for different
dates for the different
activities.
Week 2 08 Mar 10 Measuring and reporting financial position 3
Week 3 15 Mar 10 Measuring and reporting financial performance 4
Week 4 22 Mar 10 Measuring and reporting cash flow 5
Week 5 29 Mar 10 Analysis and interpretation of financial statements 6
Week 6 12 Apr 10 Management of working capital 13 Assessment item 2

All Students
Multiple Choice Tests:
Parts A, B & C
Due: 16 Apr 10
Week 7 19 Apr 10 Financing the business 14
Week 8 26 Apr 10 Cost-volume-profit analysis and marginal analysis 7
Week 9 03 May 10 Full Costing 8
Week 10 10 May 10 Budgeting and Projected Financial Statements 9 & 10
Week 11 17 May 10 Capital investment decisions 11
Week 12 24 May 10 Revision lecture

Assessment Submission
Hard Copy (when required)
Off-campus students
● Submit hard copy, signed assignments to the Student Contact Centre, Building 5, CQUniversity, Rockhampton
QLD 4702.
● Access CQUcentral to print a personalised Assessment Cover Sheet for each assignment submission Instructions
for generating your coversheet are at: http://dtls.cqu.edu.au/FCWViewer/getFile.do?id=23407

On-campus students
Submit hard-copy, signed assignments to Assignment Boxes located on your particular Campus - if none are available
then submit to the Administration Office.
● Central Queensland Campus Students should access CQUcentral to print a personalised Assessment Cover Sheet
for each assignment submission. Instructions for generating your coversheet are via the link above.
● Australian International Campus Students should access the personalised coversheet available at your Campus.
Electronic Delivery (when required)

All assignments submitted electronically must be through the Student Portal http://mycqu.cqu.edu.au/portal/dt
As submission methods may vary from the above please check details on your course website or with your course
coordinator if in doubt.
POLICIES AND PROCEDURES FOR ASSESSMENT
Students must familiarise themselves with the following policies and procedures:
Assessment and examination policy and procedures - http://policy.cqu.edu.au/Policy/policy_file.do?policyid=701
Assignment preparation and presentation Guide for Students -
http://content.cqu.edu.au/FCWViewer/getFile.do?id=26491
Presentation - http://fbi.cqu.edu.au/FCWViewer/getFile.do?id=17724
Referencing style
The Faculty of Arts, Business, Informatics & Education generally uses the Harvard (Author/date) style of referencing
except for law and education courses. More information on the styles used by various schools can be found at
http://facultysite.cqu.edu.au/FCWViewer/view.do?page=3955
For LAWS courses http://www.lib.unimelb.edu.au/cite/law/index.html
Applying for extensions - http://content.cqu.edu.au/FCWViewer/view.do?site=534
Assignment grading - http://policy.cqu.edu.au/Policy/policy_file.do?policyid=437
What is plagiarism? - http://facultysite.cqu.edu.au/FCWViewer/view.do?page=3952
General student information (CQUcentral) - http://navigatecquni.cqu.edu.au/FCWViewer/getFile.do?id=26605

Faculty Guide
Guide for Students http://content.cqu.edu.au/FCWViewer/view.do?page=9177
OTHER IMPORTANT DATES

Examinations:
Standard Examinations 3 – 4 June 2010 and 7-11 June 2010
Deferred/Supplementary Examinations 9 – 13 August 2010
Note: A recess is held during term. Please consult the CQU handbook for specific dates and other information at:
http://handbook.cqu.edu.au
Contacting Teaching Staff
During the course, students should initially contact their local teaching staff to answer any queries related to the course
that they may have. Contact details for local teaching staff can be found on the course website. If local teaching staff
cannot fully answer the query or it is of a personal nature, students can contact the Course Coordinator.
Student Contact
A directory of assistance containing information for both on-campus and off-campus students will be provided on the
web, before term starts, at: http://content.cqu.edu.au/FCWViewer/view.do?site=534
The university allocates every student an individual email address, the format of which is student
number@student.cqu.edu.au (e.g. S00011123@student.cqu.edu.au). This is the official email address that the
university will use for all email correspondence. Student emails can be accessed through http://webmail.cqu.edu.au or
http://mycqu.cqu.edu.au. Students are expected to check their official email address on a frequent and consistent basis
(at least once weekly). Students are encouraged to review the new university policy relating to email communication at
http://policy.cqu.edu.au/Policy/policy.jsp?policyid=642 which has been introduced to ensure all course and program
updates are received.

Course information
Student use of the course website is mandatory. This is provided using the Learning Management
System (LMS) which can be accessed through the MyCQU Student Portal:
http://mycqu.cqu.edu.au/portal/dt. This course uses Moodle LMS. If you have difficulty logging in,
please contact Helpdesk on (07) 4930 9233.
Regular student access to email is required for this course.
Regular student access to the Internet is required for this course.
Students are expected to follow a self-directed study schedule which meets the required
deadlines.
Assessment
Continuous assessment/examination
For students to receive a passing grade in this course, they must receive 50% (or greater) of the total
marks for the course.
Assignment submission
Off-campus students should submit hard copy, signed assignments to the Student Contact Centre,
Building 5, CQUniversity, Bruce Highway, North Rockhampton, QLD 4702.
 Access CQUcentral to print a personalised assessment coversheet for each assignment
submission. Instructions for generating your coversheet are at:
http://dtls.cqu.edu.au/FCWViewer/getFile.do?id=23407.
On-campus students should submit hard-copy, signed assignments to assignment boxes located on
your particular campus – if none is available then submit to the Administration Office.
Central Queensland Campus students should access CQUcentral to print a personalised assessment
coversheet for each assignment submission. Instructions for generating your coversheet are via the
link above.
Australian International Campus students should access the personalised coversheet available at
your Campus.

Assessment details for ALL students
Assessment item 1 — Set of activities to be completed and
presented as a Portfolio
Type: Set of activities to be completed ASSESSMENT
Weighting: 30%
Mode: Individual Assignment

To be submitted: As specified in the table below
1
Objectives
This assessment item relates to the course learning outcomes numbered 1 – 8 on page 1 of this course
profile. The objectives include:
 Develop time management skills.
 Monitor understanding of content and practical application.
 Develop written and / or oral communication skills.
 Develop research and computer skills.
 Cultivate an interest in business in general.
General requirement:
All students are required to complete the portfolio of activities detailed below.
A summary of Assignment One requirements is as follows:
Marks
Activity Brief Overview of Content Due Date
Available
14th May 2010

1. Report 50 Review of a Business Article
(Friday of Week 10)
On-Campus students:
As arranged by your local lecturer.
Introductory Review of a
2. Presentation 100 Off-Campus students:
Company Annual Report
To be determined by the course
coordinator
3. Report 150 In Depth Review of a

14th May 2010
Company Annual Report
Unless there are extenuating circumstances [which you should notify the Course Coordinator], the
two reports must be completed on a computer using a word processor.

Activity 1: Report – Review of a Business Article (50 marks)
Required:
1. Find an article relating to how a business is currently performing.

Your article should either be loosely linked [you need to be able to demonstrate the linkage if
it is not obvious] to a topic you have already covered or will cover in ACCT11059, or to a
report on how a business is currently performing etc.
Your article must have been published in the media [newspaper, internet etc] since the 1st
January 2010. Any articles older than this will result in a loss of marks.
On-Campus students: Obtain approval from your local lecturer as to your particular article.
The same article cannot be used by more than one student.
Off-Campus students: You may choose any article that you consider appropriate.
2. Answer the following questions by reviewing the article.

a. What is the name of your article?
b. Where did you find your article? Newspaper? Web? Magazine? Online?
c. If you were using this article in a written assignment, and you paraphrased its content,
how would you reference the article within the body of your report (i.e. In-text
referencing)?
d. How would you reference in-text, if you used a direct quote from the article in an
assignment?
e. Explain the content of your article.
f. Explain if you should undertake further research after reading the article?
g. Why should members of the general public be interested in this article?
Please submit a copy of your article with your activity answers.
It is NOT appropriate to simply cut and paste from the article when answering any of
the questions, particularly question 2 (e) above.
Activity 2: Presentation - Introductory review of a Company Annual Report

(100 marks)
Required:
1. You are required to find a company annual report for this presentation.
Although the annual reports can be found from the Australian Stock Exchange or direct
from the company’s web site, you may find it more convenient to obtain details from
http://www.connect4.com.au/productes/ar/index.html and then select the year 2009 and the
company you wish to review.
On-Campus students: Your local lecturer will provide you with the name of the
company for the annual report.
Off-campus students: You must select one of five [5] companies as detailed on the
Moodle website.

2. PowerPoint slides are required for the presentation.
On-Campus students: must make the presentation on the nominated date as set by your
local lecturer.
Off-Campus students: must provide wording in the note section of Power Point for each
slide in lieu of the oral requirements of this task.
3. In the presentation, as a minimum, the student must address the following, together with
any other relevant details.
a. Name of the company

b. Type of industry
c. Size of the company? Small Medium Large
d. Given your choice of size, explain why you have classified the company as this size.
e. What activities are undertaken by the company?
f. Was the terminology used in the annual report covered in your text book? If so, give
examples; if not what terminology was used that was not described in the textbook?
g. Explain if the annual report is the only reliable source of information about the
company.
Activity 3: Report - In Depth Review of a Company Annual Report

(150 marks)
Required:
All students are required to prepare a report addressing the questions below.
On-Campus Students: Your local lecturer will provide you with the name of the company for
the annual report.
Off-campus students: You must select one of five [5] companies as detailed on the Moodle
website.
All Students: The company for this activity must not be the same company that was used for
activity two. Further, in answering the questions below, please state the page number of the
annual report, where applicable.
(a) You are to address the issues listed below:

1. Name of chosen company.
2. The registered address of the company.
3. The industry the company is in.
4. Period covered in the annual report.
5. Discuss if it is necessary to read the whole of the annual report in order to review the
company.
6. Does the annual report serve any other purpose than presenting financial details?
7. List two non-financial pieces of information contained in the financial statements.
8. Determine if your chosen company is profitable.

(b) Provide the following amounts from your financial statements:
1. Total Current Liabilities
2. Total Equity
3. Cash Flows from Financing Activities
4. Revenue earnings per share
5. The profit / loss of the company (after tax)
6. Any provisions shown for non-current assets in the annual report?
7. Any leased assets shown in the annual report.
(c) Answer the following questions from your financial statements:

1. What financial statements are included in the annual report and what are their purposes?
2. Has there been any change in accounting policy?
3. How are the assets being financed?
4. Explain if you consider the company to be in a healthy financial position.
Submission for Off-Campus Students Only:

 When activities one and three are completed, a hard copy should be mailed to the University
[see the address on page 6 or on the front of your assignment cover sheet.
 Do NOT send electronically.

Marking Criteria Sheet - Assessment item 1
Student Name: ______________________________ Student Number: _______________________
Marks awarded Marks available

Activity One: Basic Research into business
Addressed all issues 15
Fully explained each issue 35
Sub Total 50
Activity Two: Introductory review of financial report

Quality of the PowerPoint slides 10
Delivery of the presentation 20
Engaged the audience 10
Sub Total 100
Activity Three: In Depth Review of Financial Report

Correct amounts from financial statements 70
Other detail in Annual Report 40
Sub Total 150
Assessment 1 Grand Total 300

Out of 30 (divide by 10) 30
Comments:______________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
Marker’s initials: __________________

Assessment details for ALL students
Assessment item 2 — Online Tests
Type: Online Tests ASSESSMENT
Weighting: 15%
Mode: Individual Assignment

Due Date: Online tests opens [Midday] on 27 March and
closes [Midday] on 16 April (Week 6)
2
Objectives
This assessment item relates to the course learning outcomes numbers list 1 – 8 as stated on page 1.
Assessment Requirements
All students complete this piece of assessment by doing three online tests [Parts A, B and C] during
the period of 27 March [Midday] to 16 April [Midday] - Week 6. The three parts are being used to
minimise the technical problems that sometimes occur with lengthy online tests.
Please note the following which will apply to your online test:
 Before you commence your tests you are strongly advised to ensure you are adequately
prepared. For instance, have you reviewed the lecture material for weeks one to four; have you
practised the multiple choice questions in the workbook. (The answers are also provided in the
workbook).
 This assessment consists of three online tests, Tests A, B and C. Each test consists of ten (10)
multiple choice questions [thirty (30) multiple-choice questions in total] covering work from
Weeks 1, 2, 3 and 4.
 Thirty (30) minutes has been allowed for each test. However, you should complete each test in
less than twenty minutes. Accordingly, if you fail to complete the test in thirty minutes, no
marks will be awarded, unless it can be shown that the failure to complete was caused by a
technical problem. Any technical problem must be reported to acct11059-admin@cqu.edu.au
by noon [midday] on 16 April.
 Each test can be done at a different time. When taking the test be aware of the time. As
explained above, please pay particular attention to the time for each test.
 Once the time-period for the test is finished, the test cannot be re-opened or attempted.
 The tests do not all have to be done together. You can do Test A on one day and Test B three
days later. As long as all three tests are completed before the due date.
 You can only attempt each online test once. If you leave the test and come back to it later,
your time may have lapsed.
 You cannot print out the test prior to completing it.
 Questions will come up one at a time, however providing time permits; you may go back and
review your answers.
 Misreading of the test availability time period will not be grounds for any deferred tests or
the changing of assessment options.
 Deferred online assessment tests will only be available under extenuating circumstances. As
the tests are open for seven days unless you have supporting documentation to cover the 7
days in total it may not be acceptable for you to leave the tests go until the last day and then
claim to be too ill to do it. For a deferred test, students must apply to the course coordinator
and be granted permission before undertaking the deferred assessment. This will require
supporting documentation, i.e. medical certificate, or other appropriate documentation.
Other Points to Note:

 The tests are worth fifteen (15) percent of the total grade for the course. Five (5) percent for each
test.
 The tests cover work from Weeks One (1) to Four (4).
 The tests are open-book.
 If you do not complete these tests, it will be deemed that you received zero for the tests and you
will be able to receive no more that 85% for this course overall. You can still do the final exam
even if you have not sat the mid-term tests as this course treats the mid-term and the final exam as
a single exam component of assessment.
 Students who do not sit these tests can still pass the course if they successfully complete
assessment item one and the end of term exam and receive a mark of 50% or more for the overall
course.

Examination
Due date: During examination period at end of term
Weighting: 55%
Length: Duration 3 hours
Examination conditions
 The examination is closed book. This means you are not permitted to take any materials into the
examination room with you unless specified.
 You may take a non-programmable, no text retrieval, silent only calculator into the examination
room in accordance with CQU Policy.
 You may take a non-electronic, concise, direct translation-only dictionary into the examination
room in accordance with CQU policy. Dictionary must not contain any notes or comments.
 Perusal time is15 minutes.
View the University’s policy on examination in the Assessment of Coursework Policy at:
http://policy.cqu.edu.au
View important examination information at:
http://handbook.cqu.edu.au/Handbook/information.jsp?id=126
The examination timetables will be made available later in the term. View the examination timetable
at:
http://www.cqu.edu.au/studinfo/admin/timetabling/index.htm
Further information on the examination will be available on your course website later in the
term and within your revision lecture.
NOTE: The examination information provided in this Course Profile also relates to Deferred
and Supplementary Exams. No separate advice will be provided in the case of a deferred or
supplementary exam.

ACCT11059 - Using Accounting For Decision Making

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

ACCT11059 - Using Accounting For Decision Making

Uploaded by

Copyright:

Available Formats

Faculty of Arts, Business, Informatics & Education

When is it offered? 2010 Term One

How is it assessed? Approved assessment for this course is:

Course Profile for: ACCT11059, 2010 Term One - Page 1

Pearson Education Australia, Frenchs Forest.

introduction, 4th edn, Pearson Education Australia, Frenchs Forest.

Additional contact details may be found at:

Course Profile for: ACCT11059, 2010 Term One - Page 2

Week 2 08 Mar 10 Measuring and reporting financial position 3

Week 3 15 Mar 10 Measuring and reporting financial performance 4

Week 4 22 Mar 10 Measuring and reporting cash flow 5

Week 5 29 Mar 10 Analysis and interpretation of financial statements 6

Week 6 12 Apr 10 Management of working capital 13 Assessment item 2

Week 7 19 Apr 10 Financing the business 14

Week 8 26 Apr 10 Cost-volume-profit analysis and marginal analysis 7

Week 9 03 May 10 Full Costing 8

Week 10 10 May 10 Budgeting and Projected Financial Statements 9 & 10

Week 11 17 May 10 Capital investment decisions 11

Week 12 24 May 10 Revision lecture

Course Profile for: ACCT11059, 2010 Term One - Page 3

for generating your coversheet are at: http://dtls.cqu.edu.au/FCWViewer/getFile.do?id=23407

Electronic Delivery (when required)

Course Profile for: ACCT11059, 2010 Term One - Page 4

OTHER IMPORTANT DATES

Course Profile for: ACCT11059, 2010 Term One - Page 5

Course Profile for: ACCT11059, 2010 Term One - Page 6

Mode: Individual Assignment

14th May 2010

3. Report 150 In Depth Review of a

Course Profile for: ACCT11059, 2010 Term One - Page 7

1. Find an article relating to how a business is currently performing.

2. Answer the following questions by reviewing the article.

Please submit a copy of your article with your activity answers.

Activity 2: Presentation - Introductory review of a Company Annual Report

Course Profile for: ACCT11059, 2010 Term One - Page 8

a. Name of the company

Activity 3: Report - In Depth Review of a Company Annual Report

(a) You are to address the issues listed below:

Course Profile for: ACCT11059, 2010 Term One - Page 9

(c) Answer the following questions from your financial statements:

Submission for Off-Campus Students Only:

 Do NOT send electronically.

Course Profile for: ACCT11059, 2010 Term One - Page 10

Student Name: ______________________________ Student Number: _______________________

Marks awarded Marks available

Activity Two: Introductory review of financial report

Activity Three: In Depth Review of Financial Report

Assessment 1 Grand Total 300

Marker’s initials: __________________

Course Profile for: ACCT11059, 2010 Term One - Page 11

Mode: Individual Assignment

Other Points to Note:

Course Profile for: ACCT11059, 2010 Term One - Page 13

Length: Duration 3 hours

Course Profile for: ACCT11059, 2010 Term One - Page 14

You might also like

Student Name: ________ Student Number: _