Monaro Higher Education

This unit introduces you to the essential principles of economics. You will examine and analyse key topics in micro and macroeconomics that are essential in business decision-making. The focus is on how economic policies and trends and the broader economic environment can influence businesses. You will also examine the implications of fiscal and monetary policy challenges, which are significant in business decision-making. This unit facilitates your critical thinking and problem-solving skills in analysing economic issues that affect local and international business environments.

To develop the professional/employability skills needed for your future career, it is essential to understand, apply and integrate a range of skills and concepts necessary to develop your academic ability and career readiness. This unit takes a broad and integrated approach in supporting you at MHE and preparing you for your future career. It initially focuses on supporting your transition into Higher Education and developing your academic performance. Through a range of engaging learning experiences, you will develop further your information literacy, communication, and interpersonal skills. These concepts and skills are extended to assist with consideration of your future career plans and goals though focusing on the transferable employability skills necessary for you to be effective in the emerging economy.

This unit introduces you to the fundamentals of statistics in business and focuses on measurement of central tendencies and related statistical principles and techniques. The unit encompasses both descriptive and inferential statistical tools that you will apply when analysing and interpreting business data. This unit also introduces you to computing applications to assist with analysing data and communicating the results. This unit will enhance your ability to interpret business and economic information.

Structural, human resource, political, and symbolic frameworks are powerful tools for an effective integration of leadership practice and change management. From a structural perspective this examines issues relating to organisational structures and how groups and teams can be organised. At the human resource level, topics such as people and organisations, HR management, and interpersonal and group dynamics are analysed. Political framework topics include power, conflict, and organisation as political arenas. From a symbolic perspective, topics include organisational symbols and cultures, culture in action and how organisations are perceived. In this unit you will appraise the integration of all the above frameworks, to analyse opportunities for, and constraints on, effective leadership practice and change management.

This unit builds on the fundamentals of statistics and data analysis introduced in STA107 Business Statistics and focuses on using information in decision making. Managers must be able to use quantitative techniques to analyse business problems as all areas of business operations increasingly deal increasing amounts of data. In this unit you will learn how to interpret data involving uncertainty and variability; how to detect and analyse the relationships within business data; how to make correct inferences from the data; and how to effectively communicate the interpretations arising from data analysis. You will be instructed in the use of software tools (primarily spreadsheets) to analyse and present quantitative data.

This unit introduces you to the field of corporate law and corporations, and their role in business and society. You will examine certain concepts in, and principles of corporate law, including separate legal entity and limited liability, the constitution of companies, shares, capital, company accounts, insider dealing, the obligations of directors, the liability of directors, and the protection of minorities. You will consider these legal doctrines and theoretical perspectives as they relate to both public corporations and to small, incorporated businesses. You will critically evaluate issues relating to company law that apply to business practice.

This capstone unit synthesises the concepts and learning outcomes developed throughout your course and applies this integrated knowledge and skills to discipline specific context(s). This unit is based on several learning modules and activities which aim to synthesise learning gained from across the business curriculum to strengthen your professional acumen. You will apply the knowledge and professional skills gained throughout your studies to pragmatic discipline-based projects. You will be assessed, either in groups or as individuals, on reflective critical evaluation of contemporary issues which have implications and ramifications in your respective disciplinary practices.

Management accounting is vital for the provision of financial and non-financial information which is essential at all levels of organisational decision making. You will be able to identify and assesses various principles, concepts, tools and techniques that management accountants use to provide information to stakeholders. A range of topics are identified and assessed including cost terms and concepts, cost behaviour, job and process costing, cost-volume-profit analysis, budgeting, activity-based-costing, inventory management, capital budgeting, standard costing, responsibility accounting and performance evaluation.  In this unit, you will develop and apply your problem solving and critical thinking skills that are useful in evaluating best management accounting practice and for effective decision making.

Accounting information systems and emerging technologies play pivotal roles in enhancing organisational efficiency and effectiveness. In this unit, you will be introduced to a range of topics that are identified and assessed including conceptual foundations of AIS (transaction processing, ERP, Blockchain and system documentation techniques), data analytics (relational database, REA model, transformation and processing), control of AIS (system security and ethics), AIS application (revenue and expenditure cycles) and system development process (design, implementation and operation). You will be able to critically evaluate applications of AIS and emerging technologies pertaining to best practice and the achievement of organisational effectiveness and security.

Compliance with the taxation law is mandatory for individuals and business organisations in public and private spheres in Australia. This unit equips you with knowledge of the principles and practices of three related common Australian tax laws – income tax, goods and services tax (GST), and fringe benefits tax (FBT). Australian taxation statutory law, case law and taxation rulings are essential for structuring organisations for compliance. You will be assessed on application and evaluation including processes of assessment starting from the lodgement of the tax returns, business activity statements and FBT returns. You will be able to identify, locate and apply appropriate taxation law and critically evaluate its application in common taxation matters including tax planning and lodgement, tax administration and taxation policy.

Financial statement analysis is crucial for business analysis and valuation, forecasting, and disseminating fundamental and technical capital market information. The demand for advisory services in this regard is burgeoning. This unit combines knowledge and skills in the areas of financial accounting analysis, business finance, security market analysis and data analytics. You will be able to examine and assess security and business valuation analyses, and forecasting, using financial statements and other capital market data. This unit also introduces merger acquisitions and prospective analyses. You will be able to identify and evaluate business valuation and forecasting scenarios using published financial statement data for a group presentation relating to an advisory service proposal.

This unit introduces you to the concepts, rationale and strategies of managing projects and best practice methodologies. Guidelines for project management are provided by the International Project Management Body of Knowledge (PMBOK – US Based PMI). These guidelines are the bases for enhancing knowledge and skills in project management. You will be able to identify and assess theories and useful tools and techniques for project management including comparison of the natural-science to social-science, information and communication technologies and project communications. In addition, you will enhance your knowledge and skills on the processes of setting the project scope and planning, gathering necessary resources, building relationships with stakeholders and reporting on progress.

The integration of information sub-systems, functions and business processes is vital to effective and efficient enterprise management. In this unit you will be introduced to the processes by which an enterprise resource planning (ERP) system configures information systems across multiple functions and sub-systems for an enterprise-wide perspective. You will identify and examine integrated enterprise systems and technologies that are adapted and implemented by organisations. In this unit will explore how information sub-systems such as financial, marketing, supply and logistics, production, engineering, total quality management, HR, business review are integrated for enterprise-wide reporting and relational information management.

The integration of resources and effective relationship management for project procurement and/or in-house development are vital for successful implementation. In this unit you will identify and assess the expanded responsibility of procurement and resourcing for strategic project management. Contemporary procurement and resourcing concepts are well advanced which requires your understanding of how enterprise resource planning (ERP) is integrated among various organisational functions and responsibilities. You will understand how these concepts are linked with the integration of various organisational functions including finance, supply management, production and engineering, human resources, capital asset procurement and disposal, outsourcing and quality assurance.

In this unit, you will examine the processes of project closures, related reviews, and subsequent potential learning experiences from a near completed project viewpoint. You will identify the project life cycle characteristics with emphasis on regular project reviews and project closures. You will consider a range of activities related to the project closures including collating documents, hand-over, sign-off, producing and communicating reports, legal contractual settlement, calibration, and assessment of project outcomes, learning reflections and knowledge management, and celebrating successful completion.

Customer communication and advertising fundamentals are essential for ethical, sustainable, and socially responsible organisational resource exchange and value creation. In this unit you will be introduced to theories, concepts and fundamentals required for successful organisational strategic marketing practice.  You will study various frameworks that are used to identify customers and analyse the nature and principles of the competitive industrial environment, advertising platforms and branding strategies are explored. You will assess contemporary marketing concepts and their application through experiential learning activities such as case studies and examples of marketing practices.

The integration of information sub-systems, functions and business processes is vital to effective and efficient enterprise management. In this unit you will be introduced to the processes by which an enterprise resource planning (ERP) system configures information systems across multiple functions and sub-systems for an enterprise-wide perspective. You will identify and examine integrated enterprise systems and technologies that are adapted and implemented by organisations. In this unit will explore how information sub-systems such as financial, marketing, supply and logistics, production, engineering, total quality management, HR, business review are integrated for enterprise-wide reporting and relational information management.

This unit introduces you to various aspects of international business with a focus on strategic initiatives. A range of topics are identified and assessed including the globalisation process, global trade and the investment environment, the international monetary system, and the global financial environment as well as national differences in cultural, political, economic, and legal systems. In this unit you will learn about strategy, structure and organisation for international business, entry strategy, strategic alliances, exporting and importing and countertrade, global production and supply chain management, global marketing and human resource management, and global sourcing of equity and debt.

This unit will introduce you to innovation and entrepreneurial practices. You will learn about the models, role, tools and practices of creativity, innovation, and related innovative strategies. Exploration and design of new ideas and how those can be turned into successful start-ups are examined. You will identify and appraise character traits and mindsets of entrepreneurs, theory and practice of creative mindsets and enhancement of existing business. In this unit you will explore social and ethical issues relevant to innovation and entrepreneurship for sustainable development with consideration of wider stakeholder needs.

The environment, climate change and sustainability affect all communities and organisations.  Understanding sustainability issues and their potential management is vital for sustainable global businesses. In this unit you will identify recent global developments and sustainability initiatives undertaken by various governments and other relevant organisations. You will be introduced to a range of national and multilateral initiatives and perspectives on climate change and sustainability.  You will learn how to apply globalisation and sustainable practices to enable organisations to pursue new opportunities, address sustainability risks and achieve strategic competitive advantages. You will be introduced to the strategic role of leadership in fostering globalisation, resilience, and sustainable practices within a context of organisational risk and opportunity.

The contemporary and dynamic digital environment has been disruptive for businesses. Many organisations may not even realise that their strategies are outdated in the context of digitising their business processes. The power of the digital age creates new value for customers and equips businesses, which adapt and remodel themselves, with the ability to outperform their competitors. In this unit you will examine and assess modern strategic tools and techniques that lead to transformation of knowledge and skills founded in digital innovation and disruption. You will be introduced to the latest technological developments that will successfully lead business through transformative processes.

In this unit, you will examine and evaluate what constitutes accounting theories and related frameworks to understand, analyse and assess contemporary accounting practices and issues. You will consider a range of topics including regulation and conceptual framework, application of selected accounting standards for reporting in Australia, measurement theories, positive and normative accounting theories, corporate governance and ethics, comparison between principle-based international standards (IFRS) and rule-based US standards (GAAP), climate-change related sustainability disclosure issues and Integrated Reporting (IR). You will be able to locate, investigate and interpret a contemporary accounting issue using the relevant interpretative theoretical lens.

This unit focuses on the fundamental principles, systems, and processes of financial accounting. The unit introduces the double-entry bookkeeping system in completing the accounting cycle for the preparation of financial statements. The unit emphasises the construction of financial statements using accrual accounting principles and the various systems, methods and techniques of accounting used by organisations. You will develop the analytical knowledge and skills necessary to prepare accounting information and to interpret financial statements for stakeholder purposes. Application of digital technologies is introduced. You will develop critical understanding and appraise how accounting information is used in organisations.

This unit focuses on the communicative and ethical knowledge and skills necessary to succeed in business. You will identify advanced communication skills and business acumen from wide-ranging theories and ethical frameworks, including utilitarian and deontological models, to apply in real world scenarios. In a global marketplace, the importance of teamwork, networks, conflict management, interpersonal communication skills and cross-cultural communication skills are emphasised. The unit seeks to develop and apply your understanding of ethical frameworks that can be used to guide decisions in business contexts, occupational fraud and abuse, self-reflection and conflict management.

This unit focuses on developing your understanding of the fundamentals of management accounting principles and techniques. This unit introduces conventional management accounting tools that focus on fundamental concepts including cost behaviour and control. A range of topics are identified and appraised including product costing, job and process costing and budgeting. Contemporary issues and topics are considered including activity-based costing, value chain analysis, strategy mapping and cost variance analysis, maser budget, operational budget and project management techniques. You will be able to analyse and apply integrative management accounting cases and contemporary issues.

This unit focuses on the use of conceptual framework and relevant accounting standards (i.e., AAS and IFRS) in the preparation of general-purpose financial reports. A range of topics are identified, assessed and appraised including conceptual framework and regulatory environments, tax effect accounting, fair value accounting and financial instruments, revenue from contracts with customers, company operations (equity and debt capital), plant property and equipment, intangible assets, leases, statement of cash flows, provisions for liabilities, events after the reporting period, changes in accounting policies, estimates related party transactions, foreign currency transaction and translation effects. You will be able to research, locate and critically analyse problems relating to contemporary financial accounting and reporting issues. 

This unit examines the conceptual framework and relevant accounting standards (AASB and IFRS) required to prepare and assess corporate financial reporting information across a range of contexts including group and associate companies. Understanding Australian corporate reporting systems is essential in this unit. A range of topics are identified and appraised including company share issue transactions, changes in equity, fair value accounting, business combinations, consolidation for group companies (wholly owned and non-controlling interest) including intra-group transactions, related party transactions, insolvency, liquidation, associate and joint venture transaction effects. You will locate and critically analyse advanced corporate financial reporting issues including mandatory disclosure requirements, and social, ethical and other perspectives.

A sustainable and successful organisation must focus on strategies and value creation activities for organisations and stakeholders. This unit focuses on contemporary strategic management accounting concepts and technologies that allow managers to analyse, formulate and implement business strategies. A range of topics are identified and appraised including internal and external analyses, value-chain analysis, strategy formulation (cost leadership, differentiation, blue ocean, innovative), balanced scorecard and strategy mapping, project management, strategy implementation and leadership, business process reengineering (BPR), leader-shift, risk management and stakeholder purpose-based sustainable strategies. You will be able to research and critically evaluate various strategic management scenarios and case studies.

Taxation law has real and significant implications for business structures, transactions, and management decisions. This unit requires understanding of the principles and practices of three common Australian taxes - income tax, goods and services tax (GST), and fringe benefits tax (FBT). Sound knowledge of Australian taxation statutory law, case law and taxation rulings is essential. The unit introduces you to the complete process of assessment starting from the lodgement of the tax returns, business activity statements and FBT returns. You will be able to identify, locate and apply appropriate taxation law and critically evaluate and assess its application in common taxation matters including tax planning, tax administration, tax anti-avoidance provisions, taxation policy, tax reforms and international dimension of taxation.

Globalisation is driving businesses to focus on international business strategies. This unit provides you with relevant and comprehensive knowledge of strategies and structures in international business and accounting. A range of topics related to international business strategies and accounting are introduced and appraised including globalisation, differences in political, economic and legal systems, national and cultural differences, ethics, corporate social responsibility and sustainability, international trade theory, government policies and international trade, foreign direct investments, political and legal systems, accounting, finance and taxation in international business, global capital markets and human resource management, foreign exchange markets and risk exposures, and entry strategy and strategic alliances. You will be able to examine and critically analyse integrative cases relating to international business issues and accounting.

All students must complete these four modules and score 100% in the four quizzes before they can start their course.