209-202 Financial Management for Resource Ind I

Availability

Credit Points

HECS Band

Coordinator

Prerequisites

209-101 Economics of Resource Use or 316-102 Introductory Microeconomics.

Semester

Contact

Subject Description

The student will be able to:

• understand the role of financial management in business management;

• understand the principles of control mechanisms that exist in business financial systems;

• understand accounting concepts and be able to apply them in financial management information systems;

• establish and apply criteria for assessing and planning the business management;

• understand the various business structures and implications for management;

• understand the essence of the operation of the Australian Tax system;

• analyze decisions;

• understand the roles, constraints and risks of debt and equity capital;

• and communicate financial information in a professional manner.

The content includes:

• Business and financial management (principles and responsibilities);

• financial recording/ reporting of information systems and audit principles;

• financial performance criteria;

• analysis and interpretation of accounting/ financial information;

• business structure and risk;

• financial statements - profit - cashflow - balance sheets;

• budgets and planning;

• principle of increasing risk;

• costing methods;

• computer business applications;

• business taxation decision analysis;

• case studies will be carried out.

Assessment

A three-hour examination (60%) and two assignments of 3000 words (worth 20% each).

Recommended Texts

• Makeham and Malcolm (1993), The Farming Game Now. Cambridge Press.