792-239 Financial Management & Info Systems

Credit Points

HECS Band

Coordinator

Semester

Contact

Subject Description

The objective of this subject is to extend participants' ability to:

• explain the decision making process at different management levels within a business;

• describe the sources and methods of collection, of information which could be used for management;

• construct a simple decision support system for use in management control;

• explain the purpose and use of the analysis of financial statements for management decision making;

• understand the financial stability of a business and the usefulness of the analytical techniques used;

• analyse the business profitability;

• prepare written reports on the profitability and stability for the stakeholders of a business;

• prepare and understand the use of the source and application of funds statement;

• use a computer to combine data from a range of internal and external sources to produce information for use in management decision making.

The content includes: Management Information Systems - Levels of management and decision making within an organisation. Information requirements and sources. Decision support systems. Querying data bases. Analysing computer based data. Capturing data. Combining and transforming data. Report preparation. Financial Management - Business financial stability and profitability in relation to the trade cycle. Analysing the P statement and the balance sheet for both stability and profitability, using currently accepted ratio and rate analysis. The purpose, use and analysis of the fund statement. Business financial report preparation. Comparative financial analysis.

Assessment

Internal and external students - Two assignments of 1000 and 500 words (2 x 30%); two hour examination (40%).