Courses & Units
Financial Accountability and Management BFA107
Introduction
This unit will introduce you to the major concepts and analytical tools used in the theory and practice of accountability and financial management in a business organisation. It is designed to provide you with an understanding of: • the basis of finance concepts including interest rate and the time value of money; the application of time value of money in evaluating different financial assets such as bonds and equity; • accountability and the application of financial management concepts in identifying and assessing environmental, social and governance risks; and • the scope and nature of the finance function and its role within management. This unit also develops your practical skills in the identification and analysis of financial problems and prepares you to provide advice to users on their decision making and the risks involved, including ESG risks. Specifically, this unit explains the relationship between risk and returns while considering the role and objectives of accountability, financial management and capital budgeting. It introduces students to the role and function of the capital markets, the various sources of finance and the accountability of the actors involved in the process.
Summary
| Unit name | Financial Accountability and Management |
|---|---|
| Unit code | BFA107 |
| Credit points | 12.5 |
| College/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Accounting |
| Coordinator | Mrs Ashley Amore |
| Available as an elective? | Yes |
| Delivered By | University of Tasmania |
| Level | Introductory |
Availability
| Location | Study period | Attendance options | Available to | ||
|---|---|---|---|---|---|
| Hobart | Semester 1 | On-Campus | International | Domestic | |
| Launceston | Accelerated Study Period 3 | On-Campus | International | Domestic | |
| Cradle Coast | Accelerated Study Period 3 | On-Campus | International | Domestic | |
| Online | Semester 1 | Off-Campus | International | Domestic | |
| Online | Accelerated Study Period 3 | Off-Campus | International | Domestic | |
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Note
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Key Dates
| Study Period | Start date | Census date | WW date | End date |
|---|---|---|---|---|
| Accelerated Study Period 3 | 16/9/2024 | 9/10/2024 | 31/10/2024 | 15/12/2024 |
| Semester 1 | 26/2/2024 | 22/3/2024 | 15/4/2024 | 2/6/2024 |
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
Learning Outcomes
- Explain the theory and processes in financial accountability and management to enable informed decisions.
- Apply financial management concepts and tools to help users in making informed decisions that incorporate risk, including ESG risks, and return.
- Use professional communication skills to convey accountability and financial management information in a variety of business situations.
Fee Information
The 2024 Commonwealth Supported Place (CSP) rates are still being finalised by the Government and we will update the domestic fee information as soon as we have more details.
Requisites
Mutual Exclusions
You cannot enrol in this unit as well as the following:
BFA106, BFA281-A, BFA181-A, BFA208, BFA105-A, XPD108Teaching
| Teaching Pattern | Introductory 1 hour workshop x 1; 2 hour workshop x 12; plus online content. Please refer to the timetable for dates, time and venue. |
|---|---|
| Assessment | Online Quiz on Respondus (20%)|Case Study (40%)|Exam via Respondus (40%) |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
Titman S, Martin, T, Keown, A & Martin, J 2018, Financial Management, Principles and Applications, 8th edition, Pearson Australia. ISBN: 9781488617218 |
|---|---|
| Recommended | Parrino, R, D, Au Yung, HH, Morkel-Kingsbury, N, Dempsey, M, Ekanayake S, James, J & Murray, J 2019, Fundamentals of Corporate Finance, 3rd edition, John Wiley & Sons, Australia | Links | Booktopia textbook finder |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.