Unit Description
This unit introduces you to the foundations of financial management including the terminology, principles, frameworks and theoretical models that underpin accounting and finance. You will learn how financial principles can be used to better inform your organisation’s operational activities and apply these principles ethically to underpin responsible financial management and help build sustainable enterprises.
Prerequisites
There are no prerequisites for this unit.
Learning Outcomes
- Evaluate the business financial context, including business structures, financial stakeholders and information, and the accounting profession and financial governance.
- Interpret and critically analyse the information contained on financial statements.
- Critique the use of costing concepts, principles and appropriate financial methodologies to improve financial decision making.
- Develop and manage budgets and associated financial resources to support business objectives and decision making.
- Judge the impact and cost of financing decisions and identify sources of financing.
- Demonstrate creativity and flexibility in the application of knowledge and skills to contemporary business contexts, to resolve financial problems and to think rigorously and independently.
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
Assessment Tasks
The successful completion of Managing Financial Resources relies on the submission of three assessments:
- Assessment Task 1: Financial Statement Analysis (35%)
- Assessment Task 2: Budgeting and Cost Analysis (50%)
- Assessment Task 3: Engagement and Participation (15%)
