Courses & Units

Financial Resource Management JNB159

Launceston

Note:

Introduction

This unit aims to introduce you to the type of financial information that managers can expect to receive and to the techniques that can be used for analysing this information for decision making and control purposes in the business environment.

Both accounting and finance are about managing financial resources but from different perspectives and with different emphases. Accounting, as the source of financial information, is the process of identifying, measuring, recording and communicating economic information to permit informed judgements and economic decisions by users of the information. The finance function in a business involves decisions about financing (where to get money, credit or loans), investing (the best combination of long-term productive assets to acquire, hold, use and sell), and dividend policy (how much cash to pay to shareholders if the company has made a profit). Financial managers specialise in these decisions and they must also know the best mix of resources to acquire and where to get necessary funds.

This unit covers core concepts of financial accounting, i.e. accounting principles, financial reports preparation and analysis, and management accounting such as the Cost-Volume-Profit analysis and cost management. It also introduces you to the fundamentals of finance and the techniques used for making decisions in a business environment.

Summary

Unit name Financial Resource Management
Unit code JNB159
Credit points 12.5
College/School College of Sciences and Engineering
Australian Maritime College
Discipline Maritime and Logistics Management
Coordinator Mr Martin Crees-Morris
Available as student elective? Yes
Level Introductory

Availability

Location Study period Attendance options Available to
Launceston Semester 1 On-Campus Off-Campus International International Domestic 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
Semester 1 21/2/2022 22/3/2022 11/4/2022 29/5/2022

* 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 (see withdrawal dates explained for more information).

Unit census dates currently displaying for 2022 are indicative and subject to change. Finalised census dates for 2022 will be available from the 1st October 2021.

About Census Dates

Learning Outcomes

  • Describe the basics of scope and function of the related discipline areas of accounting, finance, management and economics
  • Prepare and analyse financial statements
  • Interpret and use accounting information as a framework for short and long-term financial planning and decision making
  • Identify and use the financial tools available to assist in decision making
  • Incorporate uncertainty into financial decision making and indicate its link to return
  • Explain the financial problems created when organisations operate over international boundaries, and apply available techniques to solve these problems
Field of Education Commencing Student Contribution 1 Grandfathered Student Contribution 1 Approved Pathway Course Student Contribution 2 Domestic Full Fee
080101 $1,828.00 $1,432.00 not applicable

1 Please refer here more information on student contribution amounts.
2 Information on eligibility and Approved Pathway courses can be found here
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.

Please note: international students should refer to this page to get an indicative course cost.

Requisites

Mutual Exclusions

You cannot enrol in this unit as well as the following:

BFA103 AND JNB226 AND JNB217

Teaching

Teaching Pattern

On-campus: 1 x 3 hour class weekly comprising lecture and tutorial components.

Distance: Study guide and readings.

AssessmentOnline Quiz (10%)|Financial Statement Analysis (25%)|Short Essay, Cash Flow and Budget (25%)|Examination (40%)|Engagement Quiz
TimetableView the lecture timetable | View the full unit timetable

Textbooks

Required

Required readings will be listed in the unit outline prior to the start of classes.

LinksBooktopia textbook finder

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