Course overview
Throughout history, financial literacy has been the foundations for the prosperity of organisations, commerce and societies. The purpose of this course is to improve your financial literacy so you are able to assess the financial performance and financial standing of an organisation. You will be introduced to the language of accounting and key concepts, as well as the skills to interpret earnings statements, balance sheets, and cash flow reports. This course will also introduce you to key concepts for managing finances such as the time value of money, capital budgeting, how enterprises finance their capital expenditure and the risk-return paradigm.
Course learning outcomes
- Integrate ethical, compliance, and governance obligations of managers in organisations to contextualise managerial roles and responsibilities
- Investigate the nature and application of the four principal financial statements (i.e. the Income Statement, Statement of Financial Position, Statement of Cash Flows, and Statement of Changes in Equity) to inform managerial decision making
- Interpret quantitative and qualitative data to assess financial performance and position of an organisation
- Prepare budgets to make decisions about planning, controlling, and directing activities
- Apply recognised evaluation methodologies to make capital investment decisions
Degree list
The following degrees include this course