| Semester 1, 2023 Online | |
| Units : | 1 |
| School or Department : | School of Business |
| Grading basis : | Graded |
| Course fee schedule : | /current-students/administration/fees/fee-schedules |
Staffing
Course Coordinator:
Requisites
Enrolment is not permitted in ACC1201 if ACC1101 has been previously completed.
Overview
This course will inspire you to understand the important role that financial literacy and an understanding of financial data play in making informed business decisions. It emphasises the insights that appropriate data produced using relevant software systems and tools provides. This course will allow you to conceptualise and quantify the financial performance and position of an organisation and through the use of accurate data enable you to detect trends, and plot growth and sustainability of the business.
This course focuses on building financial literacy and entrepreneurial skills and knowledge that will enable students to make informed financial decisions both individually and within a business context. Students will gain an understanding of how to use financial data and information to enhance performance through planning, managing, analysing, and reporting results. The course will support students to encourage innovation, understand risk and promote sustainability in all aspects of personal financial management and business operation. Students will be provided with an opportunity to understand the importance of networking by engaging with role models from business to identify and solve contemporary business issues through case scenarios. Through these scenarios, students will become aware that the businesses of the future will operate in ever changing environments where short and long term rewards will flow from responsible financial management and value creation.
Course learning outcomes
On completion of this course students should be able to:
- reflect on individual financial literacy/entrepreneurial skills to inform understanding of the importance of money and managing financial performance when doing business;
- understand what financial information is and how data is produced using information systems and tools to provide insight into status, future trends, and sustainability of the business;
- select and apply appropriate business-related knowledge and technical skills to provide relevant information for financial decision making;
- analyse data to solve problems, and develop practical solutions to enhance business performance and promote sustainability and growth;
- apply appropriate financial literacy skills to interpret and communicate results from financial data reports to stakeholder.
Topics
| Description | Weighting(%) | |
|---|---|---|
| 1. | Money/currency and business professional skills | 5.00 |
| 2. | Short and long term finance鈥� | 5.00 |
| 3. |
Business and financial planning The Importance of Data to Financial Management and Sustainability |
20.00 |
| 4. | Compiling and collating relevant data/reports to inform financial decision making | 25.00 |
| 5. | Using Systems and tools to produce, analyse and interpret financial data | 25.00 |
| 6. | Reports on cost and financial management to enable growth and sustainability of a business | 20.00 |
Text and materials required to be purchased or accessed
(Also available as an ebook.)
Student workload expectations
To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.
Assessment details
| Description | Group Assessment |
Weighting (%) | Course learning outcomes |
|---|---|---|---|
| Reflection (personal/clinical) | No | 10 | 1 |
| Case Study 1 | Yes | 45 | 2,3,4 |
| Case Study 2 | Yes | 45 | 4,5 |