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Unit title: Business Accounting & Finance

Unit code: ACC501


Unit description:
This module combines both theoretical and conceptual issues with the
operational and practical activities of management accounting. It seeks
to address the integrative nature of accounting information systems and
considers the multi-disciplinary aspects of management problems. This
subject aims to impart knowledge on the development and use of
management accounting as a support system for the managerial decision
making process. The study of relevant theory and practice will equip
students with analytical techniques and skill for using accounting
information for problem solving within a variety of organizational
contexts.
Unit objectives: This unit is designed to enable students to
Knowledge
!. "nderstand the contemporary issues in management accounting.
#. $ppreciate the diversity of management accounting research and
practice.
%. &evelop and use management accounting as a support system for
the managerial decision process.
Sills
!. 'e able to undertake relevant research to explain management
accounting
#. 'e able to form and express opinions of the efficacy of
contemporary management accounting theory and practice.
%. 'e equipped with analytical techniques to use accounting
information for problem solving within a variety of organizational
contexts.
!alues"Attitudes
!. (ritically use management accounting systems) as part of the
planning and control process) to achieve stakeholders* goals.
#. +ecognize the role of management accountants as providers of
relevant value-enhancing information for internal managerial
decision-making.
%. $pply their understanding of fundamental management accounting
concepts towards specific management planning and control issues.
Unit outco#es: !. "nderstand and explain the relationship between organizational
activities) costs and value.
!
#. $ppreciate the appropriateness of selecting from a variety of
management accounting techniques to provide information for
effective control and decision-making.
%. ,xplore future development directions in management accounting.
$eadings: $eco##ended te%t
!. -ongren) (.T.) .undem) /.0. 1 .tratton) 2.3. 4#55#6) Introduction
to 7anagement $ccounting) !#
th
edn.) 8rentice -all
Supple#entar& readings
!. -ongren) (.T.) -arrison 1 'amber 4#55#6) $ccounting) 9
th
edn.)
8rentice -all
#. /itman) 0.:. 4#55%6) 8rinciples of 7anagerial ;inance) !5
th
edn.)
$ddison 2esley
%. ;ess ) 2.;. 4#55#6) ;inancial 1 7anagerial $ccounting <
th
edn.)
.outh 2estern
=. -ogett) :.) -oggett) ,. 1 7edlin) :. 4#55%6) $ccounting in $ustralia
9
th
edn.) :ohn 2iley 1 .ons
:ournals
!. $sia 8acific :ournal of 7anagement
#. 'usiness 2eek
%. ;ar ,astern ,conomic +eview
=. ;ortune
9. ;orbes
>. -arvard 'usiness +eview
<. :ournal of 7arketing
?. @ewsweek
A. .loan 7anagement +eview
!5. Time
!!. The ,conomist
#
Unit contents: '()*CS
1+ An introduction to accounting s&ste#s
Identifying the objectives of accounting systems
&escribing cost accounting and its significance to management
&istinguishing between accounting and financial accounting
The business environment and the role of accounting
information
$eadings:
-ongren) (.T.) .undem) /.0. 1 .tratton) (hapter !
,+ Financial planning and control wit- budgeting
The role of budgeting in managerial planning and control
+ole of accounting in the budgeting process
"nderstand the goal congruence and its importance to an
organization
&efining and interpretation of operating budgets within a master
budget.
$eadings
-ongren) (.T.) .undem) /.0. 1 .tratton) (hapter <) ?) A 1 !5
-ogett 1 ,dwards) (hapter #%
.+ Fle%ible budgets and standard costs
0imitations of a fixed budget in performance evaluation
"sing standard costs for financial control.
(alculating standard cost variances and analyzing reasons for the
variances.
%
$eadings:
-ogett 1 ,dwards) (hapter #=
/+ 0ecision #aing and capital budgeting
(haracteristics of managerial decision making and steps in the
decision-making process
(alculating and evaluating special orders) make-or-buy decisions
$eadings:
-ongren) (.T.) .undem) /.0. 1 .tratton) (hapter !!
-ogett 1 ,dwards) (hapter #>
5+ '-e cost o1 capital 2)art 13
,xplain the sources of capital and how firms raise capital
,valuate the different sources of finance4including leases6
$eadings:
-ongren) (.T.) .undem) /.0. 1 .tratton) (hapter !!
-ogett 1 ,dwards) (hapter #>
4+ '-e cost o1 capital 2)art ,3
,stimate the cost of capital for each financing source
,stimate the weighted average cost of capital
$eadings:
-ongren) (.T.) .undem) /.0. 1 .tratton) (hapter !!
-ogett 1 ,dwards) (hapter #>
=

5+ Cost6volu#e6pro1it relations-ips 2)art 13
&istinguish between variable) fixed and mixed costs* behavior
,xplain the concept of contribution margin
$ssess the basic assumptions of cost-volume-profit analysis
,xplain break-even point and methods of determining it.
$eadings:
-ongren) (.T.) .undem) /.0. 1 .tratton) (hapters #) =) 9 1 >
7+ Cost6volu#e6pro1it relations-ips 2)art ,3
$pplication of break-even analysis in determining targeted sales
and net profit
,xplain the impact of factors such as selling price) sales volume)
sales mix) variable and fixed costs on profits
$eadings:
-ongren) (.T.) .undem) /.0. 1 .tratton) (hapters !#) !%) != 1 !9
8+ Anal&sis and interpretation o1 1inancial state#ents 2)art 13
(hoice of different analytical techniques in assessing an entity*s
performance and financial position
Introducing horizontal) trend and vertical analytical frameworks
and interpreting the results.
$eadings:
-ongren) (.T.) .undem) /.0. 1 .tratton) (hapters !>) !< 1 !?
10+ Anal&sis and interpretation o1 1inancial state#ents 2)art ,3
(onducting a ratio analysis to assess an entity*s profitability)
liquidity and financial stability
9
$nalyzing and interpreting additional ratio information provided
by a statement of cash flows.
$ppreciate the limitations of traditional financial statement
analysis.
Interpretation of cash flows
$eadings:
-ongren) (.T.) .undem) /.0. 1 .tratton) (hapters !>) !< 1 !?
11+ Corporate governance
(orporate governance in the $sia 8acific region
$nalysis of the recent accounting frauds in the ".$
&iscussion of business and accounting ethical issues
$eadings:
;oreman) :.) The costs and benefits of corporate governance.
.mith) 7. 1 Tabalujan) '...) (orporate /overnance in the $sia-8acific
region.
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