Business Decision Making (11009.2)

Please note these are the 2021 details for this unit
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Business Decision Making
Available teaching periods Delivery mode Location
View teaching periods
EFTSL Credit points Faculty
0.125 3 Faculty Of Business, Government & Law
Discipline Study level HECS Bands
Canberra Business School Level 1 - Undergraduate Introductory Unit Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
Many university graduates aim to become managers, either of their own business, or as part of the management team of other entities. A critical attribute of management is the ability to incorporate financial and non-financial data in a range of decisions, such as pricing products, setting budgets, and evaluating performance.

However, the majority of these people have not studied accounting and information systems. This unit aims to address this gap by showing students how to identify, obtain, manipulate and analyse data in order to make informed business decisions.

Learning outcomes

Upon successful completion of this unit, students will be able to:
1. Apply cost classifications and cost behaviour to a range of decisions, including budgeting;
2. Interpret the impact a range of transactions and events will have on financial reports;
3. Develop spreadsheet models to support simple decision making in a variety of contexts;
4. Apply a systems approach to facilitate decision making;
5. Apply cost-benefit analysis concepts to various business decision making contexts; and
6. Demonstrate how a range of psychological factors influence decision makers.


Graduate attributes

1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - evaluate and adopt new technology


Prerequisites

None.

Corequisites

None.

Incompatible units

None.

Equivalent units

5617 Accounting for Managers

Assumed knowledge

None.
Year Location Teaching period Teaching start date Delivery mode Unit convener
Not available

Required texts

Required Texts

Cunningham, B., Nikolai, L., Bazley, J., Kavanagh, M. and Simmons, S., 2020.  Accounting: Information for Business Decisions, 3rd ed, Cengage AU.

  • eText ISBN: 9780170289054, 0170289052

  • Print ISBN: 9780170450300, 0170450309

The link below will take you to the publisher's website if you wish to buy an eBook.

https://cengage.com.au/product/title/accounting-information-for-business-decisions/isbn/9780170385411?ISBNREDIRECT/isbn/9780170385411

Recommended Texts 

Students are recommended to obtain this as a resource not only for this unit but also for future units and their careers.

Kahneman, D., 2011. Thinking, Fast and Slow, Penguin

ISBN:9780141918921, 0141918926

Submission of assessment items

Special assessment requirements

Final grades in this subject will be assessed according to performance in each of the assessment items identified above. In order to pass this unit, a student must obtain:

  • submit all assessment items marked as mandatory AND
  • an overall total score of at least 50% 

For assessment items marked as mandatory, each piece of assessment must be completed and submitted, but students must not pass each item of assessment.

Academic integrity

Students have a responsibility to uphold University standards on ethical scholarship. Good scholarship involves building on the work of others and use of others' work must be acknowledged with proper attribution made. Cheating, plagiarism, and falsification of data are dishonest practices that contravene academic values. Refer to the University's Student Charter for more information.

To enhance understanding of academic integrity, all students are expected to complete the Academic Integrity Module (AIM) at least once during their course of study. You can access this module within UCLearn (Canvas) through the 'Academic Integrity and Avoiding Plagiarism' link in the Study Help site.

Use of Text-Matching Software

The University of Canberra uses text-matching software to help students and staff reduce plagiarism and improve understanding of academic integrity. The software matches submitted text in student assignments against material from various sources: the internet, published books and journals, and previously submitted student texts.

Learner engagement

Activities

Hours

Weekly lecture: 2 hour/week, 11 times 

22

Weekly tutorial: 2 hours/week, 11 times 

22

Weekly workshop: 1 hour/week, 11 times

11

Weekly study commitment to prepare for weekly participation in class, in addition to the 2 items above 2 hours/week, 12 times (including mid-term break)

24

Presentation: preparation of 5 hours

5

Group assignment: preparation of 40 hours

40

Final exam: preparation time of 26 hours

26

Total

150

Participation requirements

See 6a

Required IT skills

Students need to know how to access the University of Canberra's Learnonline system. Students need to know how to use Microsoft Word and will also be exposed to introductory level Microsoft Excel techniques.

Work placement, internships or practicums

None