Course Title: Finance and Accounting for Business

Part A: Course Overview

Course Title: Finance and Accounting for Business

Credit Points: 12

Course Code




Learning Mode

Teaching Period(s)


City Campus


660H Grad School of Bus and Law


Sem 1 2006,
Sem 2 2006,
Sem 1 2007,
Sem 2 2007,
Sem 1 2008,
Sem 2 2008,
Sem 1 2009,
Sem 2 2009,
Sem 1 2010,
Sem 2 2010,


RMIT Intl University Vietnam


660H Grad School of Bus and Law


Viet2 2007,
Viet3 2007,
Viet1 2008,
Viet2 2008,
Viet3 2008,
Viet1 2009,
Viet2 2009,
Viet3 2009,
Viet1 2010,
Viet2 2010,
Viet3 2010

Course Coordinator: Tom Josev

Course Coordinator Phone: +61 3 9925 5873

Course Coordinator

Pre-requisite Courses and Assumed Knowledge and Capabilities

 You must be enrolled in MC088 to undertake this course. No pre-requisite courses required, however, MBA program entry criteria & capabilities are required. 

If you have no finance background, you are encouraged to complete Course Pre-reading by way of a self programmed introductory text.

Course Description

Your ability to understand the financial performance and financial decision making of a company is critical as a Manager, Director or Informed Investor.

This course covers a wide range of material that is important for financial management of an organisation , such as project evaluation, measuring risk, cost of capital, management compensation, etc It also provides you with the understanding of some of the key measures of financial performance. .

Objectives/Learning Outcomes/Capability Development

In undertaking this course, you will primarily be introduced to important finance  concepts aimed at improving your abilities to interpret and manage a corporate entity with the aim of making sound financial decisions  within an entity’s corporate governance structure.

In this Course you will be primarily introduced to finance concepts aimed at providing you with the ability to understand, interpret and manage financial aspects of businesses. A key objective of the course is to improve your capacity to make sound financial decisions that are supported by insights from financial and accounting information within the organisation’s corporate governance structure.

During the course, you will develop an appreciation of the different types of information required for financial business decisions and the ability to discern factual from distorted or biased data. You will be introducedto the financial reports of a modern company and conduct first level analysis of the state of the organisation, as represented by the financial reports. 

At the end of this Course, you should be able to:
Understand and have a facility with the major financial reports of a corporation, including their interconnectedness
Understand the choices and importance of decisions with respect to risk and market attractiveness.
Understand the sources of cash-flow and the key role of the management of cash
Understand and make judgments on project evaluation analyses
Understand the issues pertaining to measurement of cost of capital, and the relevance of agency problems and executive compensation

Overview of Learning Activities

MBA Graduate Mode:
You will participate through a variety of different activities including formal lectures, tutorials, class discussion. Of critical importance is the expectation, as part of each class, that you will discuss and examine professional management practice in considering an array of business issues. You will be asked for on-going feedback in addition to a formal evaluation.

The development of individual knowledge and capability involves you, the student, taking responsibility for your own personal learning.

Each class will discuss the material set for reading for that class. The class will also include presentation and elaboration of the core material. You will be expected to participate in exercises and discussions in each class. With this teaching methodology it is imperative that you read the material set for the class.

In addition to formal lecture class time, you will have access to a Course Facilitator for a minimum of one hour per week between classes by way of tutorials. You will be expected to participate actively in tutorial activities.

Whilst Finance and Accounting can be learnt from a book, to get maximum benefit from the MBA experience you need to be in class in order to engage in the process of class discussion and exchange. This is an important facet of the learning process. As a result, you are expected to attend all class.

Overview of Learning Resources

You will be supplied with detailed courseware. This includes base content material for each Unit and references and links for readings.

You will also have access to Lecturers/Facilitators via face to face tutorials and you are expected to participate in these activities.

There is one text book specified for this course deatailed in the Part B Course Guide.  The text is substantial, comprehensive, and well written. You will need access to this, and if purchased, it will serve you well as reference text for many years.

In addition, as mentioned above, we also recommend a programmed learning text for those of you who have no prior exposure to Finance .

Overview of Assessment

Assessment tasks are set to allow you to develop and demonstrate your understanding of primarily finance concepts.

Assessments may include:

  • Individual Finance/Accounting topic reports
  • CLN Group Finance/Accounting assignments
  • Presentations and inclass discussions
  • Series of of in class tests
  • Access to DLS materials or on line tasks
  • Final topic test