Financial Data and Decision Making
Unit code: HGM503
| Credit points | 12.5 Credit Points |
| Duration | 1 Trimester |
| Contact hours | 2.75 Hours per Week |
| Campus | Hawthorn |
| Prerequisites | Nil |
| Corequisites | Nil |
Related course(s)
A Stage 1 unit in the Graduate Certificate of Business Administration, Graduate Diploma of Business Administration, Master of Business Administration and Master of Information Systems Management/ Master of Business Administration.Aims and objectives
- To understand the information provided by the accounting system in recording, planning, controlling and evaluating the resource flows associated with a business entity.
- To be able to use and evaluate accounting performance measures and decision techniques for managing a business within a variable, complex market environment.
- To be able to use financial data in entrepreneurial, start-up and high growth situations.
Content
- Running a business in a market economy: the implication for accounting and finance.
- Financial implications for start-up and high growth businesses.
- Structure, language and concepts of accounting.
- Decision-making and planning.
- Cash flow and implications for business decisions.
- Performance measurement.
- Cost behaviour and the tools of decision-making.
- Sales issues, including price, break even, costs. Use of direct and absorption costs methods.
- Budgets, with attention to spreadsheets and the role they play in design.
- Entrepreneurial focus on the 'what if' scenarios in spreadsheets.
- Ratio analysis.
