Strategic and Sustainable Accounting

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Abstract

This subject emphasises the role of accounting in management decision making, particularly in providing information and analysis to support strategic management activity and the role of social and environmental accounting to support sustainability strategies. These highlight the changing role of accountants and the challenge in balancing the needs of management, customers, employees, shareholders and other stakeholders with ethical and legal concerns. The use of accounting information to evaluate existing competitive strategies, develop new strategies, and monitor and assess progress towards chosen organisational solutions. This subject requires the student to synthesise and integrate the theory and practice learned in subjects undertaken in the Accounting degree to understand, structure and resolve problems for organisations operating with a sustainable business model.

Syllabus

Conceptual issues and behavioural implications in the context of strategic and sustainable accounting; Decision making; Cost behaviour; Capital expenditure; Inventory, pricing decisions and cost-volume-profit analysis; and Performance measurement and evaluation

Learning outcomes

Upon successful completion of this subject, students should:

be able to apply sustainability concepts in the context of accounting and business practices;

be able to use strategic management principles and technologies in making and assessing business decisions for profit and not for profit organisations;

be able to generate, evaluate and use quantitative and qualitative information to measure financial and non financial performance of an organisation;

be able to generate, evaluate and use information for planning and controlling operations within an organisation;

be able to analyse the impact of the international business environment, global competitiveness and societal and cultural expectations on management accounting in regional, national and multinational organisations; and

be able to develop and evaluate computer spreadsheet models which aid business decision analysis.

Assumed knowledge

Nil

Enrolment restrictions

Not available to students who have completed ACC310.

Pre-requisite