209-208 Business and Financial Management

Availability

Credit Points

HECS Band

Coordinator

Semester

Contact

Subject Description

The objective of this subject is to develop students' ability to:

• identify the major types of financial analysis and their functions;

• interpret information from selected financial analysis;

• identify the need for different types of budgets in the management of the business;

• prepare budgets for selected areas; and

• identify strategies for effective management of economic resources of a production unit.

The content includes financial analysis: types and purposes, balance sheets, profit/loss, cashflow, break even; historical cost accounting: strengths/weaknesses; cost-volume-profit relationships; costs for decision-making: fixed incremental, marginal, sunk, opportunity; cost classifications; fixed; evaluation and selection of investment projects; cost of capital; discounted cash flow analysis; sources of finance; working capital management; financial modelling; pricing decisions; budgets: flexible vs static; decision-making under varying conditions of risk; reporting; forecasting; risk analysis; and financial structure of companies and implications for financial decisions.

Assessment

Four assignments of 2000 words (25% each).