University of Technology, Sydney

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22814 Accounting for Value

8cp
There are course requisites for this subject. See access conditions.

Postgraduate

Description

This subject provides students with a managerial perspective of accounting and its role in modern business organisations. Accounting aids in assessing internal and external organisational value and in decision-making. The subject is broadly divided into two components. The first component focuses on understanding the external value of organisations. Their financial performance is examined by understanding the drivers of external value including the industry and business contexts and strategy, and an analysis of financial statements using ratios to understand how they create value for external stakeholders. Students are exposed to a comprehensive understanding of important elements of financial statements (income, balance sheets and cash flows) and the accounting concepts, principles and standards that are used in their development and interpretation. The second component looks at the role of accounting in measuring and managing internal organisational performance and value. Students are be exposed to a comprehensive understanding of costs, their classification and behaviour, and their use in costing systems and techniques as well as in product pricing and performance measurement. Students also learn how planning and budgeting, capital budgeting and performance measurement systems are designed and used.


Detailed subject description.

Fee information

Information to assist with determining the applicable fee type can be found at Understanding fees.

Access conditions

Note: The requisite information presented in this subject description covers only academic requisites. Full details of all enforced rules, covering both academic and admission requisites, are available at access conditions and My Student Admin.