Financial Dimensions Of Management

Course code MENT6200Units 10Level 6000Faculty of Business and LawNewcastle Business School

Addresses financial calculation in general and accounting, in particular, as forms of managerial instrumentation providing data which are indicative of salient financial characteristics of enterprises. Develops an appreciation of the need for financial planning, accountability and assessing mechanisms, and an understanding of the financial dimensions of management through case-study reference to extant practice.

Not available in 2015

ObjectivesThe objectives of this course are to ensure that students can:

1. analyse and interpret financial statements
2. identify and utilise a range of data to make business decisions
3. measure risk and return on capital investments
4. evaluate investments in non-current assets
5. discuss the uses of management accounting for business decisions
Content1. Classification of the primary financial characteristics of business entities
2. Traditional financial indicators
3. Financial instrumentation, public vs private sector financial dimensions
4. Contestable appropriations of private sector criteria for industry specific settings
5. Serviceability of traditional financial indicators in their traditional corporate setting
6. Cost concepts and cost structures
7. Budgeting principles and practice
8. Budgetary participation
9. Generic tests of financial structure and stability
10. Reconciliation of theory and practice
11. Determination of business specific financial data needs
12. Development of industry specific financial instrumentation, assessment modes and criteria norms and benchmarks
Replacing Course(s)NA
TransitionNA
Industrial Experience0
Assumed KnowledgeNone.
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Tutorial
Assessment Items
Examination: Formal3 hours
Case Scenario/PBL exercisesMinor Assignment: Case study
ReportsMajor Assignment: Report
Contact HoursLecture: for 2 hour(s) per Week for Full Term