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Unit of Study

Managerial Accounting and Decision Making
UoS Code ACCT5002
Credit points 6
Offered Semester 1, Semester 2 and Intensive July
Prerequisites ACCT5001
Assumed Knowledge
Additional Information
Lectures 1 x 3hr class per week
Assessment Business practical (business case) (32%), mid-semester assessment task (8%), capstone readiness assurance self-assessment test (5%), final exam (55%)
Description This unit introduces the context and processes of managerial accounting, with financial and non-financial information literacy to inform a resource-based view of the creation of stakeholder value. Critical business career skills of ethical behaviour in difficult situations, collaboration, problem solving, time management, persuasive communication and following instructions are fostered across the areas of cost accounting, business performance, and strategic value creation in management accounting. Through weekly \\\'business practicals\\\', students get real-world like experience in addressing managerial accounting resourcing issues in organisational contexts. The unit emphasises that managerial accountants have a leadership role in engendering organisational awareness of the value of organisational resources. Students become familiar with the many kinds of managerial accounting decisions concerning the recognition, augmentation, allocation, deployment, leveraging, development, performance and value of organisation resources that shape an organisation over time. The unit is completed with a capstone case study which consolidates learning and allows students to use their new knowledge and skills gained in identifying and addressing operational and strategic issues facing organisations concerning competition, innovation and government regulation.