25.8.20
This website uses cookies to ensure you get the best experience on our website. Learn more
Australian Institute of Management

Managing Financial Resources

PDF

Tamsyn Costa

In the pursuit of organisational success, it is imperative that leaders understand the full scope of financial practices and can effectively make decisions around budget, profit, and spend. The Microcredential in Managing Financial Resources introduces students to the foundations of financial management, including the terminology, principles, frameworks, and theoretical models that underpin accounting and finance. It also demonstrates how to apply these principles ethically to lead responsible financial management and help build sustainable enterprises.

Skills / Knowledge

  • Describe and evaluate the business financial context, including business structures, financial stakeholders and information, and the accounting profession and financial governance
  • Interpret and critically analyse the information contained on financial statements
  • Demonstrate the use of costing concepts and principles to improve decision making
  • Develop and manage budgets and associated financial resources to support business objectives
  • Demonstrate appropriate financial methodologies to evaluate and make decisions in relation to Investment options
  • Understand the impact and cost of financing decisions and identify sources of financing
  • Critically consider the potential impact of contemporary business context on financial information
  • Demonstrate a high order of skill in analysis, critical thinking, communication and professional application
  • Demonstrate creativity and flexibility in the application of knowledge and skills to new situations, to resolve problems and to think rigorously and independently

Issued on

January 22, 2024

Expires on

Does not expire