Course Title: Introduction to Financial Management
Part B: Course Detail
Teaching Period: Term2 2011
Course Code: ACCT5072
Course Title: Introduction to Financial Management
School: 130T Engineering (TAFE)
Campus: City Campus
Program: C5025 - Advanced Diploma of Engineering Technology
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
Nil.
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.
National Codes, Titles, Elements and Performance Criteria
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
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, Oral Presentation 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
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.
Assessment Tasks
Assessment 1 - Quiz’s (Week 7) - 20%
Assessment 2 - Financial Report of chosen organisation - 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