Accounting is a measurement process. Leaders need to know what to measure, how to measure and what the consequences of the measurement will be. This unit introduces basic financial and managerial concepts and examines how leaders can apply these concepts to strategic analysis and decision-making. It explores how to use accounting information to make effective business and innovation decisions, how to design control systems, evaluate business performance and the impact of decisions on various stakeholders.
The learning goals associated with this unit are to:
Continuous assessment throughout the five weeks: 100%
Minimum total expected workload to achieve the learning outcomes for this unit is 150 hours per unit, typically comprising a mixture of scheduled learning activities, online interactions and independent study. Independent study may include associated readings, ‘use it now’ (in your job) applications, reflections, assessment and preparation for scheduled activities. The unit requires three Saturday sessions of scheduled contact. Scheduled activities may include a combination of teacher directed learning, guest speakers, case studies, peer directed learning and online engagement.