Introduction
This unit will introduce you to the major concepts and analytical tools used in the theory and practice of financial accountability and 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 | Tasmanian School of Business and Economics |
| Discipline | Accounting |
| Coordinator | Mr Paul Taranto |
| Available as an elective? | Yes |
| Delivered By | University of Tasmania |
| Level | Introductory |
Sustainable Development Goals
The Unit Coordinator has identified that this unit aligns with the following UN Sustainable Development Goals. We welcome your thoughts and feedback on the alignment of the unit with these goals.
Availability
Specific information on 2027 unit availability will be available in August
Learning Outcomes
- Explain the theory and processes in financial accountability and management to enable informed decisions.
- Apply financial accountability and management concepts and tools to help users in making informed decisions that incorporate risk, including ESG risks, and return.
- Communicate financial accountability and management information in a variety of business situations.
Fee Information
2027 fee information will be available in August.
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 1 (20%)|Online Quiz 2 (30%)|Major Assignment (50%) |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
Financial Management, Principles and Applications, 9th edition, Pearson Australia |
|---|---|
| Recommended | Finance Essentials, 1st Edition, John Wiley & Sons, Australia
Fundamentals of Corporate Finance, 5th edition, John Wiley & Sons, Australia Parrino, R, D, Au Yung, HH, Morkel-Kingsbury, N, Dempsey, M, Ekanayake S, James, J & Murray, J |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.