Accounting For Decision Making Control

AY2014/2015 Semester 1

Accounting plays a vital role in business organizations' strive for resources and performance. Through the provision of useful information, accounting helps organizations attract resources from external stakeholders, and helps internal stakeholders manage these resources, to achieve the targeted performance. The process not only facilitates the creation of value for organizations and their stakeholders, it also benefits the economy and society as a whole, by helping to direct resources to where they can be more productive. Based upon the foundation established in the predecessor course AA101, this course focuses on the relevance of accounting information to internal stakeholders, i.e. management, to make decisions and achieve control in their strive for performance. Emphasis is placed on both the provision, as well as the application, of accounting information.