Course Title: Introduction to Financial Management
Part B: Course Detail
Teaching Period: Term2 2012
Course Code: ACCT5072
Course Title: Introduction to Financial Management
School: 130T Engineering (TAFE)
Campus: City Campus
Program: C6016 - Advanced Diploma of Engineering Technology (Principal Technical Officer)
Course Contact : Program Manager
Course Contact Phone: +61 3 9925 4468
Course Contact Email:firstname.lastname@example.org
Name and Contact Details of All Other Relevant Staff
Tel. No. 99254523
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
This course will enable students 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
On completion of this module the learner should be able to:
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
In class activities including role play, review and analysis of financial statements
Team project analysis of public company financial management
Close book final exam
|9-10||Assessment 1 Financial report of chosen organization (30%)||
Assessment 1, Oral Presentation
in class 30%
Hardcopy or e_document
|16 -18||Assessment 2 - Final Exam - 70%||
Anandarajah, Aseervatham, Reid (2005), Prepare and manage budgets and financial plans, 3rd edition, eds Pearson, Prentice Hall.
Overview of Assessment
Assessment for this module will consist of the following:
 1 x written examination at the completion of the course.
 2 x written assignments provided throughout the program.
Assessment 1 - Financial Report of chosen organisation - Oral Presentation (Week 9&10) - 30%
Assessment 2 - Final Exam - 70%
|1 Financial Report||x||x||x||x||x||x||x||x||x||x||x||x|
Study and learning Support:
Study and Learning Centre (SLC) provides free learning and academic development advice to all RMIT students.
Services offered by SLC to support numeracy and literacy skills of the students are:
- Assignment writing, thesis writing and study skills advice
- Maths and science developmental support and advice
- English language development
Please refer http://www.rmit.edu.au/studyandlearningcentre to find more information about Study and Learning Support.
Disability Liaison Unit:
Students with disability or long-term medical condition should contact Disability Liaison Unit to seek advice and support to complete their studies.
Please refer http://www.rmit.edu.au/disability to find more information about services offered by Disability Liaison Unit.
Students requiring extensions for 7 calendar days or less (from the original due date) must complete and lodge an Application for Extension of Submittable Work (7 Calendar Days or less) form and lodge it with the Senior Educator/ Program Manager.
The application must be lodged no later than one working day before the official due date. The student will be notified within no more than 2 working days of the date of lodgment as to whether the extension has been granted.
Students seeking an extension of more than 7 calendar days (from the original due date) must lodge an Application for Special Consideration form under the provisions of the Special Consideration Policy, preferably prior to, but no later than 2 working days after the official due date.
Assignments submitted late without approval of an extension will not be accepted or marked.
Please refer http://www.rmit.edu.au/browse;ID=riderwtscifm to find more information about special consideration.
Plagiarism is a form of cheating and it is very serious academic offence that may lead to expulsion from the University.
Please refer: www.rmit.edu.au/academicintegrity to find more information about plagiarism.
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Course Overview: Access Course Overview