To be a successful entrepreneur or manager, you need to have the tools and techniques to address complex business challenges and opportunities. This course will enable professionals without a finance or accounting background the skills to make strategic business decisions.
About this micro-credential
This micro-credential is designed to give you a solid grounding in the foundational concepts of financial and management accounting. These foundations are essential for understanding financial opportunities and challenges inherent in any business endeavour. You will explore and come to understand key introductory-level terms used in accounting and how business decisions flow through to profit and loss statements.
As a result, you will have a better understanding of the position and performance of initiatives undertaken in the context of broader organisational strategies and objectives, allowing you to make critical cost/benefit trade-offs.
Key benefits of this micro-credential
This micro-credential is designed to equip participants to:
Build financial literacy by exploring key terms used in accounting
Understand how business decisions flow through to profit and loss statements.
This micro-credential aligns with the 3 credit point subject, Accounting Practices and Tools (22788) in the Advanced Master of Business Administration (C04367) and Master of Professional Practice (C04404).
This micro-credential may qualify for recognition of prior learning at this and other institutions.
Who should do this micro-credential?
This micro-credential is suitable for anyone interested in exploring, or needing a working understanding of the fundamentals of effective financial decision making and literacy. Specifically, this course is suitable for (but not limited to):
Anyone with newly acquired responsibility over developing, managing, and meeting formal budgets and management targets
Professionals working in a wide array of roles or industries, including marketing, engineering and fashion
Leaders and managers working within small-to-medium enterprise
Course learning objectives
On successful completion of this course, participants should be able to:
Demonstrate an understanding of the development of financial statements
Investigate and analyse financial statements in practice
Apply financial ratios for the purposes of understanding and synthesising the business position and performance
Apply a range of management accounting techniques to generate and evaluate complex ideas and concepts to improve decision making.