Course Outline GSM5301
Name of Course : Accounting for Decision Making
Course Code : GSM5301
Rationale for the inclusion of the course in the programme :
Accounting, through financial statements provides useful financial information which is required by managers of business organizations to make decisions. This course provides explanation on basic concepts of accounting and costing to enable them to analyze, solve problems and make business decisions.
The course prepares students to become decision makers possessing critical, analytical and problemsolving skills.
Semester and year offered : 1st Trimester for the new students
Total Student
Learning Time (SLT)
L = Lecture
T = Tutorial
P = Practical
O
=
Others
(simulation)
Total Guide and
Independent Learning
Face to face
L
T
P
O
42
-
-
78
120
Credit Value : 3 (3+0) 3 hours lecture
Prerequisite : None
Learning Outcomes :
At the end of the course, student will be able to :
1. Relate the principles and concepts of accounting in preparing financial statement (C5, CS).
1
2. Demonstrate response to financial statement (P5, EM).
3. Identify accounting information for planning, controlling and evaluating (A4,
CTPS).
Teaching-Learning and assessment strategy :
Teaching-Learning Methods
Assessment
Lectures, Problem Based Learning Assignments, individual participation,
(PBL) and Student Centered Learning group presentations, examinations
(SCL)
Synopsis :
This course covers the basic accounting concepts for recognition of assets, liabilities and revenue and expenses in the preparation of financial statement. The use of financial statement for analysis for performance, cost concepts and short-term decision making techniques as well as the evaluation of management control systems are discussed.
Assessment methods and Types :
Case Study and Problem Based Learning
Individual presentation and participation 18%
Group reports
32%
Midterm examination (Wk8)
20%
Course Code : GSM5301
Rationale for the inclusion of the course in the programme :
Accounting, through financial statements provides useful financial information which is required by managers of business organizations to make decisions. This course provides explanation on basic concepts of accounting and costing to enable them to analyze, solve problems and make business decisions.
The course prepares students to become decision makers possessing critical, analytical and problemsolving skills.
Semester and year offered : 1st Trimester for the new students
Total Student
Learning Time (SLT)
L = Lecture
T = Tutorial
P = Practical
O
=
Others
(simulation)
Total Guide and
Independent Learning
Face to face
L
T
P
O
42
-
-
78
120
Credit Value : 3 (3+0) 3 hours lecture
Prerequisite : None
Learning Outcomes :
At the end of the course, student will be able to :
1. Relate the principles and concepts of accounting in preparing financial statement (C5, CS).
1
2. Demonstrate response to financial statement (P5, EM).
3. Identify accounting information for planning, controlling and evaluating (A4,
CTPS).
Teaching-Learning and assessment strategy :
Teaching-Learning Methods
Assessment
Lectures, Problem Based Learning Assignments, individual participation,
(PBL) and Student Centered Learning group presentations, examinations
(SCL)
Synopsis :
This course covers the basic accounting concepts for recognition of assets, liabilities and revenue and expenses in the preparation of financial statement. The use of financial statement for analysis for performance, cost concepts and short-term decision making techniques as well as the evaluation of management control systems are discussed.
Assessment methods and Types :
Case Study and Problem Based Learning
Individual presentation and participation 18%
Group reports
32%
Midterm examination (Wk8)
20%
References: 2. Marshall, D. H., McManus, W. W. , Viele, D. F. (2011). Accounting: What the Numbers Mean (9th Edition)