This online Accounting for Business Decisions unit offered by Open Universities Australia and RMIT University provides students with a broad understanding of the accounting practices for business decision-making.
All the financial tools and skills taught in this unit give students a solid foundation from which they can develop more advanced accounting skills. In this unit, students will look at the accounts reporting and recording system, and will learn to interpret and analyse data in order to make informed business decisions within an organisation.
Students will look into the key measures of financial performance, and learn how to do a cash flow analysis, use basic cost accounting tools, and prepare a budget. This unit also examines how the macroeconomic environment impacts upon business performance and financial decisions.
Applicants must meet the criteria to be eligible to enter this program:
Must not have already completed this unit before, or its academic equivalent, the Finance and Accounting for Business Decisions unit
Must have completed or be enrolled in the Business in a Global Context unit
Be enrolled in the Graduate Certificate in Business Administration (Executive) or MBA (Executive) with RMIT University
Areas of study
In this Accounting for Business Decisions unit, the topics you will study include:
Introduction: accounting in business decision making, the role of accounting information, and the basic accounting equation
GDP and business cycles
Unemployment and inflation
Monetary and financial systems
The income statement (statement of financial performance, profit report)
The balance sheet (statement of financial position)
Introduction to management accounting – CVP
Cash flow statement and analysis
Financial statement analysis
Budgeting and performance reporting
This unit is a core requirement in the following courses:
Graduate Certificate in Business Administration (Executive), RMIT University
MBA (Executive), RMIT University
Content may also be relevant to other courses, and could qualify you for Recognition of Prior Learning (RPL) for a course offered by another institution.
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Want more information about this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.
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This postgraduate unit in Accounting for Business Decisions will give students the knowledge and skills they need to utilise common accounting tools and frameworks when making decisions within an organisation. Students in this unit will be well placed for future careers in management or accountancy. The financial skills developed within this unit will also be useful in helping students manage their personal finances, as well as corporate finances.
How else will I benefit from this unit?
Upon successful completion of this unit you will receive credit for competencies in Accounting for Business Decisions from RMIT University.
Studying online means you can study where you want, at your own pace.
Gain industry-relevant skills and transferable knowledge.
Government financial support through FEE-HELP may be available.
Studying single units allows you the flexibility to work towards a qualification at your own pace.
Receive Recognition of Prior Learning (RPL) for this unit across a number of OUA’s full degree programs.
Get more information
Want more information about the career benefits of this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.
If you are an Australian citizen, you may be eligible to receive a government FEE-HELP loan, meaning you can defer payment of your fees.
Get more information
Want more information about financial and student support? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.
You may be eligible to receive FEE-HELP for this course!
This course can be paid for through the FEE-HELP government loan scheme. If you are an Australian citizen or hold a permanent humanitarian visa, this means you don’t need to pay upfront.
Instead, the Australian government will pay your course fees on your behalf. You’ll begin repaying your loan through the tax system once you start earning more than the minimum threshold of $54,869 (2016-17 income year).
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OUA's devotion to online education remains to this day, but where they once focused on higher education, today they offer the broadest set of post-secondary education and training programs in Australia.
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