Course Title: Financial Decision Making

Part A: Course Overview

Program: C5127

Course Title: Financial Decision Making

Portfolio: BUS

Nominal Hours: 60.0

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


650T TAFE Business


Term1 2008,
Term2 2008

Course Contact: Laurine Symington

Course Contact Phone: +61 3 9925 5484

Course Contact Email:

Course Description

This unit covers all of the significant aspects of financial management for operational managers who are not financial specialists. It includes the preparation & analysis of financial reports and emphasises the communication of financial objectives through budgets, consistent surveillance of budget performance, and early intervention where required.

Pre-requisite Courses and Assumed Knowledge and Capabilities


National Competency Codes and Titles

National Element Code & Title:

BSBMGT504A Manage budgets and financial plans


1. Communicate budget and financial plans

2. Monitor and control activities against plans

3. Report outcomes of financial plans

Learning Outcomes

This course will cover all aspects of business operations in which financial management and decision-making occurs. Period activities relating to revenue expenditure and cash flow management including capital expenditure proposals and capital budgeting will be presented

The role of the operational manager as a communicator and trainer in respect to the implementation of the budget needs, is also included, along with the need for and use of regular and quality reporting of budget performance through the analysis of budget performance and resulting follow up action.

Overview of Assessment

Throughout this course interactive class exercises performed as a group, followed by discussion of the solutions and question & answer sessions will provide formative feedback to the students regarding their progress in achieving competency.

Assessment tasks may include individual in-class exercises, closed book class tests, assignments, question & answer activities and closed book exams.