Financial Information for Decision Making

Qualification: Undergraduate unit
Study mode: Online
Payment options: HECS-HELP may be available
FEE-HELP may be available
Duration: 13 weeks
Start date: Enquire now for upcoming start dates
Awarded by: Swinburne 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

Gain a foundational understanding of accounting concepts and learn how to use financial reports as a powerful business tool with this online Financial Information for Decision Making unit.

Delivered by Open Universities Australia in partnership with Swinburne University, this unit brings together accounting concepts under the corporate domain, providing invaluable knowledge for both finance and business students.

The unit teaches students the key principles that underpin the practice of accounting, training them to become more financially literate.

Students walk away from the unit with the ability to use financial statistics to make sound business decisions and steer companies into strategically sound directions.

Eligibility

You cannot enrol in this unit if you have completed the following units because they are considered an academic equivalent:

Areas of study

In this accounting unit, the topics you will study include:

  • Financial reporting – introduction to financial reports and their use in decision making
  • Recording and reporting business transactions using accrual accounting
  • Preparation and use of cash flow statement
  • Performance assessment – analysis and interpretation of financial reports
  • Performance assessment – introduction to performance evaluation, business unit and business unit manager
  • Role of budgets and budget preparation – focus on cash budget
  • Revenue and cost determination
  • Cost behaviour and cost volume profit analysis (CVP)
  • Operational decision making

Course pathways

This unit is a core requirement in the following courses:

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?

As an accounting or business student, this unit imparts valuable knowledge that is sure to advance your career trajectory. Upon completion of this unit you’ll be able to:

  • Understand the role financial information plays in the business environment and how it informs decision making
  • Prepare financial reports for both external and internal business use
  • Effectively research and analyse financial information to aid business decision making and solve business problems
  • Develop well-reasoned arguments and effectively communicate financial information to internal and external parties
  • Work effectively as an individual, and cohesively as a team member

How else will I benefit from this unit?

  • Upon successful completion of this unit you will receive credit for competencies in Financial Information for Decision Making from Swinburne University.
  • Studying online means you can study where you want, at your own pace.
  • Gain industry-relevant skills and transferrable knowledge.
  • Government financial support through FEE-HELP or HECS-HELP is 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 HECS-HELP or FEE-HELP for this unit, 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 HECS-HELP or FEE-HELP for this course!

This course can be paid for through the HECS-HELP or FEE-HELP government loan schemes. 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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