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ACC00724 Accounting for Managers Assessment Answers

ACC00724 Assignment Answers

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ACC00724 Task Answers

This course is specifically meant to help the students understand the basics of accounting, the process through which students get a general introduction to the foundation of accounting. The course will discuss on various topics like accounting systems and services, accounting techniques and software, accounting theory, auditing, financial accounting, introductory topics in business, IT skills, macro- and microeconomics, management accounting. There are several accounting specialisations to choose from to carve a niche in this field.

One can choose a specialisation among, cost accounting, tax accounting, financial accounting, auditing, forensic accounting and management accounting. There are different types of of accounting that the students will get an introduction of like Corporate Accounting, Public Accounting, Government Accounting and Forensic Accounting. This course is specifically meant for the students to analyse and understand how ccounting projects are prepared, how the research design is created using different statistical tools for analysing the research problem. Hence altogether it is very important to choose an appropriate research design for a research project that can ultimately help the students build a proper thesis statement and work accordingly to solve the chosen research problem.

The university is very specific when it comes to choosing proper accounting principles and processes and working with utmost clarity and perfection. The university provides all the necessary support in terms of academic guidance as well as other resources to help the students achieve the best results. Hence the course design and structure is extremely well planned and strategic in nature. The university has given special focus on integrating the theoretical knowledge with necessary practical implementation with the help of weekly assignments and projects to help them get the exposure of the real world of business.

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Unit Details:

The unit is planned in a very systematic manner that will assure that the students are able to understand each concept with absolute clarity as well as implement the same in their practical field of work. The unit is divided and subdivided into different topics of discussion that include: Accounting in a business management context, Reporting financial position, Reporting financial performance, Reporting cash flows, Analysis and interpretation of financial statements, Working capital management, Costs, cost-volume-profit relationships and tactical decision-making, Full costing and activity-based costing, Planning, budgeting and control, Financing the organisation.

Therefore the main aim of this unit  is to introduces students to the fundamentals of financial and management accounting viewed from the perspective of the business manager. The focus is on critical evaluation of accounting information contained in financial statements and management accounting reports for use by managers to inform responsible decisions. The reason that the whole course has been divided and subdivided into many units is to enable an easy understanding for all the students and every unit has a good balance of information which will actually help in managing the stress of the students.

Along with this proper focus has been given on designing the units with sufficient examples and real business case studies to better enable the students to relate to the theoretical concepts. Group projects as well as industry visit are also an essential component of this course to analyse the hierarchical structure of a real business organization, their overall work process and how the organization plans the aspect of people management within the organization. Therefore the main focus on the course unit design is to help the students get an in-depth knowledge of these topics from the course and get them industry ready

Location: Southern Cross University, Australia

Study Level: Post Graduate and Undergraduate

Unit Code: ACC00724

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Brief of Assessment:

The whole unit is planned in a very systematic manner. The week wise division of the whole unit will enable the professors to understand whether the students actually understand the different concepts as there are midterm exams scheduled between several units that will actually help the students gain a better clarity of the whole course. The topics are also arranged in a very systematic manner to avoid any sort of confusion.  The weekly assignments and tests are included in the unit in order to make it more interactive as well as interesting for the students.

The course unit also comprises on guest lectures and speaker presentation where industry experts are invited to share their real-life business experience focusing on the topics related to conceptual understanding of accounting principles and practices. There is also a study guide provided in the course unit to help the students understand how they can improve their understanding of this course concept. This study guide will also help the students understand the chronology that needs to be maintained for the course so that the subject is understood in a better manner.

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Weightage of the ACC00724 Course Code in the Semester:

As this is a full time course for the under graduation students hence it will carry 100% weightage where exams will carry 80% weightage and 20% will be given for the weekly assignments. There would be two semester exams along with group projects to help the students understand the loopholes and how they can improve the same. It is important for the students to score a basic of 40% in this course to pass the semester and get promoted to the next semester.

As already stated this is a full-time course proposed by the university which actually demands the students to regularly attend the lectures and secure the basic percentage of grades to get promoted to the next semester in each academic year. One of the most important parts of this course is the research projects and the dissertations that students need to prepare individually as well as in a group to function in an efficient manner. The course also focuses on students to improve on their projects and dissertations as well as on industry visits as a part of their curriculum. It is also important for the student to abide by the rules and regulations of the university to fairly pass the academic year.

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