Business Decision Making G (11396.1)

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 you how to identify, obtain, manipulate and analyse data to make informed business decisions.

This unit is co-taught with 11009 Business Decision Making.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Apply a systems approach to facilitate business decision making;
2. Evaluate a range of behavioural factors and demonstrate how they influence decision makers;
3. Apply cost classifications and cost behaviour to a range of business decisions, including budgeting;
4. Apply cost-benefit analysis concepts to various business decision making contexts;
5. Analyse and Interpret the impact a range of transactions and events will have on business resources; and
6. Critically analyse complex information and develop spreadsheet models to support decision making in a variety of contexts.

Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
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 - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
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
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
3. UC graduates are lifelong learners - be self-aware
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

10264 Finance for Managers G, 11009 Business Decision Making, 5617 Accounting for Managers, 9501 Financial Management G

Equivalent units

6221 Accounting for Managers G and 9501 Financial Management G.

Assumed knowledge

None.