LB5212 - Financial Foundations for Managers
| Credit points: | 03 |
| Year: | 2012 |
| Student Contribution Band: | Band 3 |
| Administered by: | School of Business |
This subject provides students with an understanding of the fundamentals of accounting. The aim is to build on basic concepts to develop a clearer understanding of financial statements, their uses and limitations in decision-making. The capacity to analyse financial statements and make decisions based on them will be emphasised. The subject examines decisions on cost structures and the implications for operating leverage and thus the financial statements. An introduction to capital budgeting and the application thereof to various cases is also covered.
Learning Outcomes
- Understand the nature of assets, liabilities and income in the context of the accounting model;
- Develop an understanding of an ability to prepare basic accounting statements such as the statement of financial position and the statement of financial performance;
- Ability to produce and interpret budgets and understand the various ways in which a business assesses capital investments, develop it's capital budget and make long term resource allocation decisions;
- Understand the behaviour of costs and know how to conduct analysis of changes in sales and costs on profits. Understanding operating leverage, its measurement and the impact it has on financial statements through the cost structures as well as the use of cost structures in short-term decision regarding resource usage;
- The ability to analyse and interpret financial statements and understand of the relationship between the different statements.
Graduate Qualities
- The ability to appraise information critically;
- The ability to use independent judgment to synthesise information to make intellectual and/or creative advances;
- The ability to think laterally and be original;
- The ability to conceptualise problems;
- The ability to conceptualise and evaluate a range of potential solutions to relevant problems;
- The potential to lead and contribute to projects effectively and efficiently;
- The ability to make constructive contributions to project teams or collegial activities;
- The potential to resolve conflicts.
| Inadmissible Subject Combinations: | BU5002 LB5001 |
Availabilities | |
| Townsville, Internal, Study Period 1 | |
| Census Date 22-Mar-2012 | |
| Coordinator: | Dr David Smorfitt |
| Lecturer: | Ms Michelle Warrington. |
| Contact hours: |
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| Assessment: | end of semester exam (50%); quizzes or tests (20%); assignments (30%). |
| Cairns, Internal, Study Period 1 | |
| Census Date 22-Mar-2012 | |
| Coord/Lect: | Dr David Smorfitt. |
| Contact hours: |
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| Assessment: | end of semester exam (50%); quizzes or tests (20%); assignments (30%). |
| JCU Singapore, Internal, Study Period 51 | |
| Census Date 22-Mar-2012 | |
| Coordinator: | Dr David Smorfitt |
| Contact hours: |
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| Assessment: | end of semester exam (50%); quizzes or tests (20%); assignments (30%). |
| JCU Singapore, Internal, Study Period 52 | |
| Census Date 09-Aug-2012 | |
| Coordinator: | Dr David Smorfitt |
| Contact hours: |
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| Assessment: | end of semester exam (50%); quizzes or tests (20%); assignments (30%). |
| JCU Singapore, Internal, Study Period 53 | |
| Census Date 15-Nov-2012 | |
| Coordinator: | Dr David Smorfitt |
| Contact hours: |
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| Assessment: | end of semester exam (50%); quizzes or tests (20%); assignments (30%). |
| JCU Singapore, Block, Study Period 55 | |
| Census Date 21-Jun-2012 | |
| Face to face teaching 23-Jun-2012 to 08-Jul-2012 (Teaching over 3 weekends with exam scheduled on another weekend.) | |
| Coordinator: | Dr David Smorfitt |
| Contact hours: |
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| Assessment: | end of semester exam (50%); quizzes or tests (20%); assignments (30%). |
| JCU Brisbane, Internal, Study Period 21 | |
| Census Date 12-Apr-2012 | |
| Coordinator: | Dr David Smorfitt |
| Contact hours: |
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| Assessment: | end of semester exam (50%); quizzes or tests (20%); assignments (30%). |
| JCU Brisbane, Internal, Study Period 22 | |
| Census Date 09-Aug-2012 | |
| Coordinator: | Dr David Smorfitt |
| Contact hours: |
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| Assessment: | end of semester exam (50%); quizzes or tests (20%); assignments (30%). |
| JCU Brisbane, Internal, Study Period 23 | |
| Census Date 06-Dec-2012 | |
| Coordinator: | Dr David Smorfitt |
| Contact hours: |
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| Assessment: | end of semester exam (50%); quizzes or tests (20%); assignments (30%). |
| JCU Brisbane, Block, Study Period 26 | |
| Census Date 20-Sep-2012 | |
| Face to face teaching (Teaching 7,8,9,15,16 September with exam weekend 29/30 Sept) | |
| Coordinator: | Dr David Smorfitt |
| Contact hours: |
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| Assessment: | end of semester exam (50%); quizzes or tests (20%); assignments (30%). |
Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.