Accounting, Governance and Regulation

BUSS1030

Accounting for Decision Making

3.8
40 verified reviews
Credit Points
6
Session
2026 Sem 1
Location
Camperdown/Darlington
Attendance
Normal
Unit Overview
There are many uses for accounting data. This unit of study investigates the fundamentals of accounting at an introductory level to provide students with a user-focused understanding of accounting information. The unit of study introduces key accounting concepts from a user perspective, introducing simple financial statements, internal business planning and working capital, as well as evolving topics such as sustainability and corporate governance. Students develop desirable graduate attributes such as critical-thinking and decision-making skills via a range of knowledge building tasks. Authentic assessment is used to evaluate and assist students in the learning process.

Requirements

Prohibitions
ACCT1001 or ACCT1002 or ACCT1003 or ACCT1004 or ACCT1005

Unit Reviews

A
Anonymous
2014 • Semester 1
4

disorganised and a lot of content to learn!

A
Anonymous
2014 • Semester 2
4

Old dude's useless

A
Anonymous
2013 • Semester 1
5

Solid first year accounting course that provides an insight into the major.

A
Anonymous
2013 • Semester 1
5

I found this subject was not too difficult, especially in the final exam without any treats on math questions

A
Anonymous
2012 • Semester 1
5

This unit investigates the fundamentals of accounting and aims to provide a broad understanding of the role of accounting in the context of business and society. The format of the unit is designed to show that there are many uses of accounting data. The focus moves from accountability to decision making; both functions are explained through examples such as the double entry equation, and from an output financial statements perspective. Some more technical aspects of accounting are outlined, including the elements of assets, liabilities, revenues and expenses within simple, familiar scenarios. Besides developing an understanding of the role of accounting via conventional financial reports, recent developments including the discharge of accountability by companies through the release of corporate social and environmental reports and the global financial crisis, are explored through an accounting lens.

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Semester Roadmap

W01
Introduction to AccountingLecture
Introduction to AccountingTutorial
W02
Introduction to Accounting (Continued)Lecture
Introduction to Accounting (Continued)Tutorial
W03
Developing a Business Plan - CVP AnalysisLecture
Developing a Business Plan - CVP AnalysisTutorial
W04
Developing a Business Plan - BudgetingLecture
Developing a Business Plan - BudgetingTutorial
W05
Revision WeekLecture
Revision WeekTutorial
W06
The Accounting System - Concepts and Applications (Part 1)Lecture
The Accounting System - Concepts and Applications (Part 1)Tutorial
W07
The Accounting System - Concepts and Applications (Part 2)Lecture
The Accounting System - Concepts and Applications (Part 2)Tutorial
W08
Internal Control - Managing and Reporting Working CapitalLecture
Internal Control - Managing and Reporting Working CapitalTutorial
W09
Income StatementLecture
Income StatementTutorial
W10
Balance SheetLecture
Balance SheetTutorial
W11
Statement of Cash FlowsLecture
Statement of Cash FlowsTutorial
W12
Corporate Governance and Professional Decision MakingLecture
Corporate Governance and Professional Decision MakingTutorial
W13
RevisionLecture
RevisionTutorial

Support

Teaching Staff

Wes Hamilton-Jessop
wes.hamilton-jessop@sydney.edu.au
Coordinator

Assessments

Final Exam
50%
Formal exam period
Written examAI prohibited
Online Quiz
10%
Multiple weeks
Out-of-class quizAI allowed
Tutorial Participation and Engagement
10%
Ongoing
ContributionAI allowed
Online Quiz
5%
15 Mar 2026 at 23:59 Closing date : 15 Mar 2026
Out-of-class quizAI allowed
In-semester Test
25%
18 Apr 2026 at 18:10
Written testAI prohibited