Enrolments for 2021 have closed.
Financial Resource Management
Undergraduate | TAS-JNB159 | 2021
Course information for 2021 intake View information for 2024 course intake
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- No ATAR needed,
- No prior study
- Duration
- -
HECS-HELP and FEE-HELP available
Financial Resource Management
About this subject
Upon completion of this subject, the student should be able to:
- Describe the basics of scope and function of the related discipline areas of accounting, finance, management and economics
- Prepare and analyse financial statements
- Interpret and use accounting information as a framework for short and long-term financial planning and decision making
- Identify and use the financial tools available to assist in decision making
- Incorporate uncertainty into financial decision making and indicate its link to return
- Explain the financial problems created when organisations operate over international boundaries, and apply available techniques to solve these problems
- Financial Tools and Statements
- Decision Making
- Financial Problems Across Borders
- The Economics of Accounting, Finance, and Management
This subject aims to introduce you to the type of financial information that managers can expect to receive and to the techniques that can be used for analysing this information for decision making and control purposes in the business environment. Both accounting and finance are about managing financial resources but from different perspectives and with different emphases. Accounting, as the source of financial information, is the process of identifying, measuring, recording and communicating economic information to permit informed judgements and economic decisions by users of the information. The finance function in a business involves decisions about financing (where to get money, credit or loans), investing (the best combination of long-term productive assets to acquire, hold, use and sell), and dividend policy (how much cash to pay to shareholders if the company has made a profit). Financial managers specialise in these decisions and they must also know the best mix of resources to acquire and where to get necessary funds. This subject covers core concepts of financial accounting, i.e. accounting principles, financial reports preparation and analysis, and management accounting such as the Cost-Volume-Profit analysis and cost management. It also introduces you to the fundamentals of finance and the techniques used for making decisions in a business environment.
- Multiple Choice Quiz (10%)
- Cash Flow and Budget Essay (25%)
- Take home Exam (40%)
- Financial Statement Analysis (25%)
For textbook details check your university's handbook, website or learning management system (LMS).
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No entry requirements
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- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
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