Course Title: Manage budgets and financial plans
Part A: Course Overview
Program: C5130
Course Title: Manage budgets and financial plans
Portfolio: BUS
Nominal Hours: 100.0
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) |
ACCT5144C |
City Campus |
TAFE |
650T TAFE Business |
Face-to-Face |
Term1 2009,
Term2 2009 |
Course Contact: Theresa Lyford
Course Contact Phone: +61 3 9925 5444
Course Contact Email: Theresa.Lyford@rmit.edu.au
Course Description
This unit covers all of the significant aspects of financial management for operational managers who are not financial specialists. It includes the preparation & analysis of financial reports and emphasises the communication of financial objectives through budgets, consistent surveillance of budget performance, and early intervention where required.
Pre-requisite Courses and Assumed Knowledge and Capabilities
None
National Competency Codes and Titles
National Element Code & Title: |
BSBMGT504A Manage budgets and financial plans |
Elements: |
1. Communicate budget and financial plans |
2. Monitor and control activities against plans |
|
3. Report outcomes of financial plans |
Learning Outcomes
The oucomes includes knowledge of all aspects of business operations in which financial management and decision-making occurs, including period activities relating to revenue expenditure and cash flow management, as well as capital expenditure proposals and capital budgeting.
The role of the operational manager as a communicator and trainer in respect to the implementation of the budget needs, should also be studied, along with regular and quality reporting of budget performance. Evidence of analysis of budget performance and follow up action will be an outcome of this course.
Overview of Assessment
Throughout this course interactive class exercises performed as a group, followed by discussion of the solutions and question & answer sessions will provide formative feedback to the students regarding their progress in achieving competency.
Assessment tasks may include individual in-class exercises, closed book class tests, assignments, question & answer activities and closed book exams.