Paula James
This unit introduces students to essential financial management and accounting principles, from the art of budget development to capital investment techniques. Through an ethical lens of responsible financial management, they will learn to leverage this knowledge to inform operational and strategic decisions that contribute to organisational success.
Skills / Knowledge
- Analyse Financial Statements and Business Context: Evaluate financial statements and understand their role in the broader business context, including stakeholders, governance, and business structures
- Develop and Manage Budgets: Apply budget development and budget management skills to optimise resource allocation and support business objectives
- Apply Costing Techniques and Models: Apply the use of costing concepts, principles, and appropriate costing methodologies to improve decision-making
- Make Informed Capital Investment Decisions: Evaluate capital investment opportunities using techniques like NPV and IRR and assess the impact of financing decisions on business operations
- Manage Financial Resources for Business Success: Develop skills in optimising and managing financial resources
- Apply Financial Analysis in Real-World Scenarios: Apply financial knowledge and skills to solve practical business challenges, demonstrating adaptability and creativity in financial decision-making
Issued on
March 25, 2025
Expires on
December 31, 2075