Contents
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Decision Making and Accountancy
Rationale
Accounting is a functional area of business that encompasses the production and dissemination of information. The information is used by various parties, including managers, investors, creditors, regulatory agencies, and others, for decision-making purposes. Importantly, accounting information can affect users' judgements and decisions (e.g., how to allocate scarce resources). The study of accounting provides insight into the effect of information, and the choices that underlie information production, on users' decisions.
This course provides and introduction to the decision implications of information provided by the accounting functions to organisation managers, as well as to external stakeholders such as investors, creditors, customers and regulators. A number of decision situations will be discussed both simplified hypothetical scenarios and complex real world cases. We will develop an understanding of the link between organisational governance structure and accounting's role in coordinating, controlling and managing organisations. We will explore the influence of incentives on individual's decision behaviour and how such incentives can influence the scope of the firm.
We will also explore and develop your understanding of the relation between accounting numbers and underlying economic activity, and to develop your ability to use accounting numbers in several decision contexts. These contexts include corporate performance evaluation, financial reporting strategy, and valuation. We will generally take the perspective of the user, not the preparer or auditor of the financial statements. Therefore, primary emphasis will be on analysis for performance measurement and valuation purposes. Financial analysis involves breaking the firm's performance into parts and trying to understand value drivers such as components of profitability, ROE and ROA, capital structure, growth, and risk. This analysis is then combined, or synthesized, to provide a comprehensive view of the firm, its business prospects and ultimately, its value.
Learning Objectives and Outcomes
This is a non-taught unit designed for self-directed study by those intending to enhance their professional or managerial competence, knowledge, understanding, and skills in business finance.
Knowledge
After completing the course, student will understand
Skills
After completing the course, student will be able to
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Teaching and Learning Resources
Introduction. Accounting Information for Business Decisions
Tutorials
Readings
Decision making can be regarded as the mental processes (cognitive process) resulting in the selection of a course of action among several alternatives. Every decision making process produces a final choice.[1] The output can be an action or an opinion of choice.
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Accounting Information System
Tutorials
Readings
Reporting and Preparing Financial Statements
Tutorials
Readings
Reporting and Analyzing Merchandising Activities
Tutorials
Readings
Reporting and Analyzing Inventories
Tutorials
Readings
Reporting and Analyzing Cash and Internal Controls
Tutorials
Readings
Reporting and Analyzing Receivables and Investments
Tutorials
Reporting and Analyzing Long-Term Assets
Tutorials
Readings
Reporting and Analyzing Current Liabilities
Tutorials
Readings
Reporting and Analyzing Long-Term Liabilities
Tutorials
Reporting and Analyzing Equity
Tutorials
Reporting and Analyzing Cash Flows. Financial Statement Analysis and Interpretation
Tutorials
Readings
Recommended Texts
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Accounting
Information Systems, 8/e Check the availability and buy your books from our Bookshop |
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Financial
Accounting: Information for Decisions, 2/e Check the availability and buy your books from our Bookshop |
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Financial
Statement Analysis, 8/e Check the availability and buy your books from our Bookshop |
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Business Analysis & Valuation (2nd ed.), by Palepu, Healy and Bernard Check the availability and buy your books from our Bookshop. |
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Check the availability and buy your books from our Bookshop. |
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Check the availability and buy your books from our Bookshop. |
Resources
