Finance for Decision-making

The aim of this subject is to develop knowledge of finance and accounting and the ability to use that knowledge to interpret financial and accounting information in order to provide advice to the board, or a similar decision-making body, in strategy development and/or decision-making.

 Learning outcomes

  1. Understand and interpret financial reports
  2. Identify the financial reporting regulatory regimes and their objectives
  3. Identify and critically evaluate sources of finance and their associated risks and returns
  4. Utilise the major fundamental financial models and evaluate these for decision-making
  5. Conceptualise the nature and importance of capital structure and the cost of capital and evaluate these for decision-making

Indicative content

  1. Introduction to accounting and business decision-making
  2. The conceptual framework for financial reporting
  3. Financial statement components — The balance sheet
  4. Financial statement components — Statement of profit or loss and statement of changes in equity
  5. Financial statement components — The cash flow statement and other financial report areas
  6. Analysis and interpretation of financial statements
  7. Monitoring and controlling the business and performance measurement
  8. Financing the business — Associated risks and returns
  9. Capital structure and cost of capital
  10. Financial investment principles
  11. Investing in capital projects (capital budgeting)
  12. Competitive advantage and the capital budgeting decision process

Required texts

Birt J, Chalmers K, Maloney S, Brooks A and Oliver J, 2017, Accounting: Business Reporting for Decision Making, 6th ed, John Wiley & Sons Australia Ltd; Accounting Standards.

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