The course focuses on the nature and scope of business reporting and the need for financial and non-financial information for business decision-making. It provides students with fundamental financial management knowledge in the contemporary business environment. The course commences with an introduction to the use of business reports and the financial reporting regulatory environment. The concepts of primary financial reports and specific reporting issues are then discussed, with a focus on the preparation and analysis of financial statements from the perspectives of business report users. The course proceeds with discussions on the basic financial decision tools, the use of past and future-oriented information and how the knowledge is applied to managerial decision-making, including planning, control and investment opportunities.

By the end of this course, you are expected to have attained proficiency in the following areas:

• Understand the relationship of business reporting to the social and economic environment;
• Explain who are the main users of business reports, and the main purposes for which the information is used;
• Understand the major differences between sole traders, partnerships and companies.
• Distinguish between income, expenses, assets and liabilities;
• Apply the principle of duality to the accounting equation;
• Prepare an income statement, balance sheet and a statement of cash flows;
• Analyse financial reports with regard to key aspects of performance such as profitability, solvency and liquidity;
• Explain what the planning and control processes are in relation to company objectives;
• Evaluate investment opportunities, including cost-volume-profit analysis, capital investment decision making, and budgeting.

• Completion of tutorial exercises 5%
• Mid-semester exam  20%
• Assignment Report 25%
• Final Examination 50%

The assessment for this course for Summer School will be different from the standard semester offerings.  Summer School proposed assessment is as follows:

• Mid-Semester Exam - 20%
• Assignment - 30%
• Final Examination 50%

At least three contact hours per week plus own study time.

Numeracy and literacy proficiency is assumed.

There are no prerequisites for this course.

ENGN3211 Investment Decisions and Financial Systems and COMM1010 Financial Accounting Fundamentals

See Course Outline: http://cbe.anu.edu.au/courses/outline/BUSN1001.pdf

See Course Outline: http://cbe.anu.edu.au/courses/outline/BUSN1001.pdf

See Course Outline: http://cbe.anu.edu.au/courses/outline/BUSN1001.pdf