Course Title: Introduction to Financial Management

Part A: Course Overview

Program: C5025 Advanced Diploma of Engineering Technology

Course Title: Introduction to Financial Management

Portfolio: SEH Portfolio Office

Nominal Hours: 60

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Course Code




Learning Mode

Teaching Period(s)


City Campus


130T Vocational Engineering

Distance / Correspondence or Face-to-Face

Term2 2011

Course Contact: Program Manager

Course Contact Phone: +61 3 9925 4468

Course Contact Email:

Course Description

To enable students to describe the processes of financial management in their enterprise, to perform relevant calculations and to prepare a budget for their enterprise.

Pre-requisite Courses and Assumed Knowledge and Capabilities


National Competency Codes and Titles

National Element Code & Title:

EB023 Introduction to Financial Management

Learning Outcomes

Learning Outcome: 1. Define the accountant’s role and the accounting process
Learning Outcome:  2. Describe the financial tools available to management 
Learning Outcome:  3. Define and explain the function of key financial terminologies
Learning Outcome: 4. Describe the characteristics of an overhead and the bases for allocation of overhead expenses, and calculate overhead recovery rates 
Learning Outcome:  5. Describe the information required to effectively manage a business enterprise and a profit centre within an enterprise 
Learning Outcome:  6. Define and apply production efficiency ratios 
Learning Outcome:  7. Prepare key financial and accounting reports
Learning Outcome: 8. Explain the purpose and function of a budget 
Learning Outcome:  9. Calculate break even point for a given project in monetary value and units 
Learning Outcome: 10. Evaluate the various sources of finance available to an enterprise
Learning Outcome: 11. Identify reasons for a company’s inability to collect all debts and demonstrate an understanding of how its credit policy can be efficiently controlled
Learning Outcome: 12. Demonstrate an understanding of the financing of capital equipment 


Overview of Assessment

Assessment may incorporate a variety of methods including written/oral activities and demonstration of practical skills to the relevant industry standards. Participants are advised that they are likely to be asked to personally demonstrate their assessment activities to their teacher/assessor. Feedback will be provided throughout the course.