Course Title: Introduction To Financial Management

Part B: Course Detail

Teaching Period: Term2 2010

Course Code: BUSM6116

Course Title: Introduction To Financial Management

School: 130T Vocational Engineering

Campus: City Campus

Program: C6011 - Advanced Diploma of Engineering (Aerospace)

Course Contact: Program Manager

Course Contact Phone: +61 3 9925 4468

Course Contact Email:

Name and Contact Details of All Other Relevant Staff

Nicholas Cree

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


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


1. Define the accountant’s role and the accounting process

Performance Criteria:

As prescribed.

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

Guest speakers.



Teaching Schedule

Week 1 - Budget

Week 2 - Legal structures

Week 3 - Financial terminology

Week 4 - Catagories of Revenue and Expenditure

Week 5 - Balance Sheet Profit/Loss records

Week 6 - Variable and Fixed costs

Week 7 - Current and Non Current assests and liabilities

Week 8 - Break even point, costs centres and cost points

Week 9 - Categories of Revenue

Week 10 - Assessment 1 due (70%) - Perfomance ratios

Week 11 - Govenment Budgets and Financing

Week 12 - Inventory and Logistics

Week 13 - Insolvency and Bankruptcy

Week 14 - Assessment Quiz’s 10% ea (30%)

Learning Resources

Prescribed Texts


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 - Financial Report of chosen organisation - Balance Sheet, Profit/Loss (Due Week 10)

Assessment 2 - Quiz’s on Financial terminology (Text answers) (Week 14)

Assessment Matrix

Course Overview: Access Course Overview