Course Title: Introduction to Financial Management

Part A: Course Overview

Program: C6016 Advanced Diploma of Engineering Technology (Principal Technical Officer)

Course Title: Introduction to Financial Management

Portfolio: SEH Portfolio Office

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.

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
ACCT5072	City Campus	TAFE	130T Vocational Engineering	Distance / Correspondence or Face-to-Face	Term2 2010, Term2 2011, Term2 2012, Term2 2013

Course Contact: Program Manager

Course Contact Phone: +61 3 9925 4468

Course Contact Email: engineering-tafe@rmit.edu.au

Course Description

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.

Pre-requisite Courses and Assumed Knowledge and Capabilities

None

National Competency Codes and Titles

National Element Code & Title:

EB023 Introduction to Financial Management

Learning Outcomes

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.

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.