Managing Financial Resources and Decisions
Unit code: BHL032
|Credit points||12.5 Credit Points|
One teaching period
|Contact hours||36 hours|
Related course(s)This is a prescribed unit of study in the Bachelor of Business Administration program suite.
Aims and objectives
The aim of this unit is to provide leaners with an understanding of the sources and availability of finance for a business organisation and the skills to use financial information for decision making. The unit covers how to evaluate different sources of finance and compare how they are used; how financial information is recorded; and how to use financial information to make decisons, for example in planning and budgeting. Decisions relating to pricing and investment appraisal are also considered within the unit, as well as techniques used to evaluate financial performance.
After successfully completing this unit, students will be able to:
- Understand the sources of finance available to a business
- Understand the implications of finance as a resource within a business
- Make financial decisions based on financial information
- Evaluate the financial performance of a business
Structured learning, including lectures, tutorials and assessments. In addition, the unit requires approxiamately 90 hours of self-study, projects, assignments and skills development.
Generic skills outcomes
During this unit students will receive feedback on their:
- Analysis skills
- Problem-solving skills
- Critical thinking
- Ability to work independently
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.