Managerial Accounting and Decision Making (ACCT5002)


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.

Our courses that offer this unit of study

Further unit of study information


1 x 3hr class per week


Business practical (business case) (32%), mid-semester assessment task (8%), capstone readiness assurance self-assessment test (5%), final exam (55%)

Faculty/department permission required?


Unit of study rules



Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.