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FINC11002 - Financial Literacy for Business

General Information

Unit Synopsis

This unit provides a comprehensive introduction to the foundational principles of accounting and economics, specifically designed for students pursuing careers in business. It combines both fields to equip you with the necessary skills to analyse and interpret financial information and make informed decisions in a dynamic business environment. You will gain a solid understanding of the ways accounting and economics interact to inform business decisions and public policy.

Details

Level Undergraduate
Unit Level 1
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites

ACCT11059 - Anti-requisite

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 2 - 2025

There are no availabilities for this unit on or after Term 2 - 2025

Attendance Requirements

All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Assessment Overview

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Assessment Tasks

Assessment Task Weighting
1. Group Work 0%
2. Case Study 0%

This is a pass/fail (non-graded) unit. To pass the unit, you must pass all of the individual assessment tasks shown in the table above.

Past Exams

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Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Explain the foundational financial literacy concepts within the contemporary business environment, including regulatory, social, and ethical considerations
  2. Record, summarise, and present basic business transactions, and prepare the primary financial statements such as income statement, balance sheet, and cash flow statement to reflect organisational performance and financial position
  3. Interpret and evaluate financial statements using key analytical tools, and assess how macroeconomic indicators such as inflation, interest rates, and GDP impact financial decision-making by internal and external stakeholders
  4. Apply budgeting, costing, and investment appraisal techniques to support financial planning and control, and analyse the impact of different market structures
  5. Compare and assess various sources of business finance, considering cost, risk, and suitability, and explain the role of individuals and businesses in diverse economic environments shaped by regulatory frameworks and market dynamics.

 

 

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5
1 - Group Work • • •
2 - Case Study • • •
Alignment of Graduate Attributes to Learning Outcomes
• Introductory Level
• Intermediate Level
• Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4 5
1 - Communication •
2 - Problem Solving • • •
3 - Critical Thinking • • •
4 - Information Literacy • • •
5 - Team Work •
6 - Information Technology Competence •
7 - Cross Cultural Competence •
8 - Ethical practice • •
9 - Social Innovation •
10 - Aboriginal and Torres Strait Islander Cultures • •
Alignment of Assessment Tasks to Graduate Attributes
• Introductory Level
• Intermediate Level
• Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9 10