BUS502 Accounting for Managers

Unit Learning Outcomes addressed:

a) Understand the differences between financial and management accounting and articulate the role of management accounting for managers in terms of planning, controlling and decision making.

b) Identify the skills that managers need to succeed, including strategic management skills; enterprise risk management skills; process management skills (lean production, theory of constraints); measurement skills; and leadership skills.

c) Demonstrate an ability to work both independently and as a team member in gathering, analysing and presenting financial data.

d) Analyse and interpret financial reports, and calculate ratios in order to assess business performance, position and liquidity.

e) Demonstrate the importance of ethics and corporate social responsibility in business.

Criteria for Assessment:

• Determination and critical analysis of the key issues and/or problems in the case study

• Synthesis of the relevant literature and the research undertaken

• Design of alternative solutions or options for consideration

* Clear explanation defending the analysis and assessment of issues, alternative solutions and recommendation to a broad audience

Assessment Task:

Students will be presented with a case study involving analysis of a company’s annual report. Students will:

1. prepare written answers to a set of questions related to the case study

2. submit an individual report based on the questions as though it were a formal report to senior management concerning the analysis.