Financial Decision Making
UndergraduateTAS-ZAA1332025
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- No ATAR needed, No prior study
- Duration
- 14 weeks
- Start dates
- 24 Feb 2025
- Loan available
- HECS-HELP and FEE-HELP available
Financial Decision Making
About this subject
Upon successful completion of this subject, the student should be able to:
- Develop and review operational budgets and financial decisions
- Evaluate and apply financial data for organisational decision making
- Analyse and communicate financial information to internal and external parties
- Reflect on and evaluate relevant behaviours and skills required for financial operations
- Introduction to financial concepts
- Business types and business structures
- Organisational accounting concepts
- Preparing an operational budget
- Communicating budgets and financial plans
- Cash flow and working capital
- Capital expenditure decisions
- Gross margins and break-even analysis
- Understanding balance sheets
- Profit and Loss statements
- Financial analysis and improvement
- Financial risks and contingencies
This subject will provide you with a practical understanding of operational budgeting and financial decision making, as well as other financial concepts, practices and tools used to measure and assess the financial performance of an organisation. The use of practical case studies, tasks and simulations will develop your financial skills and knowledge in order to apply them to any operational setting.
In conjunction with the discipline theory, this subject introduces learning through practice by exposing you to authentic learning experiences. These experiences are placed at the centre of learning and assessment, so you have the opportunity to develop the skills, knowledge and behaviours necessary to respond to industry, community and/or global needs.
You will be introduced to:
• a range of methods, tools, techniques and approaches to practice
• principles and perspectives such as values, ethics, empathy and leadership in real world scenarios
• reflection and deliberative thinking as a means of developing knowledge, skills, attitudes and aspirations
• ways of understanding problems and developing solutions through active inquiry.
- Operational Budget and Reflection (25%)
- Capital Expenditure Analysis (25%)
- Financial Statement Analysis (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
No entry requirements
Equivalent subjects
You won't be able to enrol into this subject if you've already successfully completed or currently enrolled in the following subject(s) as they are considered anti-requisites due to the similarity of the content.
Additional requirements
- Other requirements - Teaching Arrangement: Weekly online 2-hour Tutorial; 1 x half to full day online Workshop per semester.
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
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