This unit is available for these qualifications:
- The Graduate Certificate in Business
- The Graduate Certificate in Business Transformation
- The Graduate Certificate in Human Resources Leadership
- The Graduate Certificate in Management
- The Graduate Diploma in Management
- MBA+
Unit Description
This unit introduces you 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, you will learn to leverage this knowledge to inform operational and strategic decisions that contribute to organisational success.
Prerequisites
There are no prerequisites for this unit.
Learning Outcomes
- 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
Graduate Attributes
AIM Business School has identified a set of attributes that positively impact graduates’ success in business as a manager and leader and these are taught, developed, and assessed to varying degrees in this unit. These Graduate Attributes are:
- Strives for intellectual rigour
- Understanding the changing global context
- Manages for success
- Demonstrates effective communication and interpersonal skills
- Develops mastery of business and management disciplines
- Strives to be a continuous adult learner
