Course Title: Introduction To Financial Management
Part B: Course Detail
Teaching Period: Term2 2011
Course Code: BUSM6116
Course Title: Introduction To Financial Management
School: 130T Engineering (TAFE)
Campus: City Campus
Program: C6011 - Advanced Diploma of Engineering (Aerospace)
Course Contact : Program Manager
Course Contact Phone: +61 3 9925 4468
Course Contact Email:engineering-tafe@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Daniela Achim
Tel. No. 99254523
email: daniela.achim@rmit.edu.au
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.
Pre-requisites and Co-requisites
None
Course Description
The purpose of this course is to provide training at the paraprofessional level to enable participants to describe the processes of financial management in their enterprise, to perform relevant calculations and to prepare a budget for their enterprise.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
EB023 Introduction to Financial Management |
Learning Outcomes
1. Define the accountant’s role and the accounting process.
2. Describe the financial tools available to management.
3. Define and explain the function of key financial terminologies.
4. Describe the characteristics of an overhead and the bases for allocation of overhead expenses and calculate overhead recovery rates.
5. Describe the information required to effectively manage a business enterprise and a profit centre within an enterprise.
6. Define and apply production efficiency ratios.
7. Prepare key financial and accounting reports.
8. Explain the purpose and function of a budget.
9. Calculate break even point for a given project in monetary value and units.
10. Evaluate the various sources of finance available to an enterprise.
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.
12. Demonstrate an understanding of the financing of capital equipment.
Details of Learning Activities
Lectures
In class activities including role play, review and analysis of financial statements
Team project analysis of public company financial management
Close book test and a final exam
Videos.
Teaching Schedule
Session/Beginning Week | Topics | Reference | Assesment |
1 |
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Handout Assessment 2 |
2 |
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3 |
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4 |
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5 |
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6 |
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Revision |
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7 | Assessment 1 - Quiz’s (Week 7) - 20% | Assessment 1 Quiz 20% | |
8 |
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9 |
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10 | Assessment 2 Financial report of chosen organization (30%) | Assessment 2, in class 30% |
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11 |
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12 |
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13 |
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Assessment 2 Hardcopy or e_document Due |
14 |
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Revision | |
15, 16,17 | Assessment 3 - Final Exam - 50% |
Final Exam-50% in class |
Learning Resources
Prescribed Texts
References
Other Resources
Overview of Assessment
To successfully to complete this course the student is required to pass written assessment tasks and demonstrate skills and ability by completing practical tasks.
Assessment Tasks
Assessment 1 - Quiz’s (Week 7) - 20%
Assessment 2 - Financial Report of chosen organisation (Week 10) - 30%
Assessment 3 - Final Exam - 50%
Assessment Matrix
Assessment/Outcome | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
1 Quiz |
x | x | x | x | x | x | ||||||
2 Financial Report |
x | x | x | x | x | x | x | x | x | x | x | x |
3 Exam |
x | x | x | x | x | x |
Course Overview: Access Course Overview