Accounting for Business Decisions

Qualification: Postgraduate unit
Study mode: Online
Payment options: FEE-HELP may be available
Duration: 12 weeks
Start date: Enquire now for upcoming start dates
Awarded by: RMIT University
Course Unit A course unit is a single subject offered as part of a program of study, but can be completed individually. You may receive Recognition of Prior Learning for studying this unit.

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About this unit

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.

Eligibility

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

AND

  • Must have completed or be enrolled in the Business in a Global Context unit

AND

  • 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
  • Macroeconomic policy
  • 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
  • Cost accounting
  • Financial statement analysis
  • Budgeting and performance reporting

Course pathways

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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How will this unit advance my career?

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.

Financial assistance

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).

Find out more about government study loans here.
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Get more information

Want more information about the career benefits of this course?
Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

FREE CALL 1800 063 523

Monday to Friday: 8am - late
Saturday and Sunday: 9am - 5pm

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