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

  • Describe and 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
  • Demonstrate the use of costing concepts and principles to improve decision making
  • Develop and manage budgets and associated financial resources to support business objectives
  • Demonstrate appropriate financial methodologies to evaluate and make decisions in relation to Investment options
  • Understand the impact and cost of financing decisions and identify sources of financing
  • Critically consider the potential impact of contemporary business context on financial information
  • Demonstrate a high order of skill in analysis, critical thinking, communication and professional application
  • Demonstrate creativity and flexibility in the application of knowledge and skills to new situations, to resolve 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 (45%)
  • Assessment Task 3: Engagement and Participation (20%)