How to score full marks in ACC00724 (Accounting for Managers)?

The topics that are covered in ACC00724 Accounting for Managers subject at Southern Cross University in Australia include the following:

• Accounting in a business management context
• Reporting financial position
• Reporting financial performance
• Reporting cash flows
• Analysis and interpretation of financial statements
• Working capital management
• Costs, cost-volume-profit relationships, and tactical decision-making
• Full costing and activity-based costing
• Planning, budgeting, and control

Financing the organization

These are some of the most basic accounting topics and do not require an expert level of knowledge to do the assessments. The first topic is mainly theoretical, numerical part starts from the second topic where one is required to read the profit and loss statement, and the balance sheet. In the third topic, the student is required to learn about ratios and report on the performance of the given organization. It is necessary that you learn all the formulae to calculate ratios including liquidity ratio, gross margin ratio, asset turnover ratio, etc.

Cash flow statements are prepared under three activities which are investing, operating, and financing activities. In order to excel in this topic, one has to learn what transactions are recorded under each heading, for example, purchasing a piece of land would be recorded under-investing activity.

Assessment task in this PG course would look similar to this:

Question 1 (7.5 marks total) Happy Jones is the Facilities Manager for a university. She is considering an opportunity that involves renting food vending machines and placing them in various locations throughout the university. This would allow students and staff to conveniently access a quick range of similarly priced food items for snacking “pick-me-up” purposes. (Assume a non-COVID-19 state of affairs on campus.) As a not-for-profit university, the main aim is to cover all costs. If any profits are made, they will be used to boost student support services……………………………………


To answer the question, of how to get full marks in the ACC00724 (Accounting for Managers) subject, you need to make sure that along with writing answers, you also show all calculations either in Ms-Excel format or in the Ms-Word file itself.


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