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Budgeting & Financial Management, like most areas of work, requires an understanding of a specific vocabulary, an ability to overcome anxiety and fears, and the discipline to consistently apply foundation principles. This subject is designed to provide students with the ability apply the foundation principles of financial management and budgeting in the context of a variety of organisations. Specifically, the program will examine the language of financial management and budgeting, how foundation principles of financial management and budgeting can be used to enhance the sustainability and effectiveness of organisations and the natural tensions that arise between financial management and the non-financial goals of organisations. The subject makes extensive use of practical and case based learning. Students are required to complete a work-related assignment.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- develop a critical understanding of the key concepts and principles of financial management and budgeting;
- develop an increased confidence in understanding and using the language of financial management and budgets;
- develop the ability to analyse and improve the financial management of an organisation;
- develop the capacity to describe and critically analyse tensions between organisation goals and financial management; and
- develop the capacity to reflect critically on and improve their financial management practices.
At the completion of this subject, students should gain the following geneic skills:
- competence in critical and theoretical thinking through essay writing, seminar discussion and presentations; and
- competence in conceptualising theoretical problems, and forming arguments and judgments through critical analysis; and
- increased self-awareness.
Last updated: 6 December 2019