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Budgets and Financial Management (MGMT90126)
Graduate courseworkPoints: 12.5On Campus (Parkville)
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
August
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
Availability | August |
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Fees | Look up fees |
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.
Generic skills
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: 3 November 2022
Eligibility and requirements
Prerequisites
This subject is compulsory for the Executive Master of Arts, and is only available to students who are admitted to the MC-EMA.
Code | Name | Teaching period | Credit Points |
---|---|---|---|
No longer available |
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
Description | Timing | Percentage |
---|---|---|
In-class tests, held at start of class in the second and third week of classes
| From Week 2 to Week 3 | 10% |
Transaction analysis chart and financial statement preparation, due at the start of class in the third week of classes
| Week 3 | 20% |
Budget preparation assignment, due at start of class in the fourth week of classes
| Week 4 | 30% |
Take-home exam that analyses and interprets a set of financial statements
| 2 Weeks after the end of teaching | 40% |
Hurdle requirement: Students are required to attend a minimum of 80% of classes in order to pass this subject. | Throughout the teaching period | N/A |
Last updated: 3 November 2022
Dates & times
- August
Principal coordinator Richard Comerford Mode of delivery On Campus (Parkville) Contact hours Total 24 Hours: 4 x 6 hour seminars, taught intensively over four weeks. Total time commitment 170 hours Teaching period 7 August 2020 to 28 August 2020 Last self-enrol date 11 August 2020 Census date 14 August 2020 Last date to withdraw without fail 28 August 2020 Assessment period ends 11 September 2020 August contact information
Time commitment details
170 hours
Additional delivery details
This intensive subject will be taught weekly over four weeks, beginning in August.
Please note: Students wishing to enrol in this subject must be admitted to the Executive Master of Arts
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
Reading material will be recommended by the subject coordinator.
Recommended texts and other resources
Birt, Chalmers, Byrne, Brooks, Oliver. Accounting: Business Reporting for Decision Making (5th edition), John Wiley & Sons Australia Ltd, 2014.
- Links to additional information
Last updated: 3 November 2022