LEO5004 · Financial management and resource utilisation

Overview

Rapid changes in competitive models and capital markets create new challenges for organisations to manage the resources necessary to compete, particularly financial resources. To support on-going organisational performance and to inform decisions for organisational transformation, the organisation’s financial management and resource utilisation must align with the organisation’s strategic intent. This unit introduces principles of financial management and prepares you to understand the reports (e.g. financial statements), measures and control systems required to maintain competitive positions and enable organisational advancement. Building on foundational concepts and a critical review of resource allocation and control systems, the unit provides a series of targeted lessons that extend your practical understanding of financial management.

Offerings

Assessment

The Handbook does not list a final examination among the assessment items. That is not a guarantee there is none.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

The Handbook lists no prerequisite, corequisite or prohibition for this unit.

Learning outcomes

1. develop understanding of the methods, structure, and controls required for financial management of the organisation
2. demonstrate ability to analyse an organisation’s financial position, including the interpretation of key measures and metrics
3. demonstrate ability to evaluate and apply methods of resource allocation, utilisation, and oversight.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.