Details for Financial Stewardship

Understanding finance is critical to the long term success of any organisation and the material in this course will give students the understanding to make wise financial decisions. This subject develops the student’s ability to apply tools of investment analysis and gain an in-depth understanding of the time value of money. Students will explore the historical, legal, ethical and theological contexts of accounting and finance, and will learn how to read and interpret financial statements and understand double entry bookkeeping, construct and analyse budgets, calculate present values of cash flows, and critically discuss the distinction between private and social valuation.


Quick Info

  • Currently offered by Alphacrucis: Yes
  • Course code: BUS561
  • Credit points: 10
  • Subject coordinator: Daniel Thornton

Prerequisites

Nil

Awards offering Financial Stewardship

This unit is offered as a part of the following awards:

Unit Content

Curriculum Objective

Understanding finance is critical to the long term success of any organisation and the material in this course will give students the understanding to make wise financial decisions. This subject develops the student’s ability to apply tools of investment analysis and gain an in-depth understanding of the time value of money. Students will explore the historical, legal, ethical and theological contexts of accounting and finance, and will learn how to read and interpret financial statements and understand double entry bookkeeping, construct and analyse budgets, calculate present values of cash flows, and critically discuss the distinction between private and social valuation.

Outcomes

  1. Explain the historical, legal, ethical and theological contexts of accounting and finance;
  2. Read and interpret financial statements and understand double entry bookkeeping;
  3. Construct and analyse budgets;
  4. Critically discuss the distinction between private and social valuation;
  5. Demonstrate an in-depth understanding of the time value of money and ability to calculate present values of cash flows;
  6. Apply the tools of investment analysis, including net present value and internal rate of return.

Subject Content

  1. Introduction to Accounting and Finance
  2. Organisational Structures: Accounting for Transactions
  3. Double Entry Bookkeeping
  4. Balance Sheets and Income Statements
  5. Analysing Financial Reports
  6. Budgeting and Forecasting
  7. Budget Analysis
  8. Introduction to Corporate Finance
  9. Capital Budgeting and Investment Analysis
  10. Risk and Return
  11. Capital Markets
  12. Managing Risks

This course may be offered in the following formats

  • Face-to-Face
  • Distance/ Global Online

Please consult your course prospectus or enquire about how and when this course will be offered next at Alphacrucis College.

Assessment Methods

  • Forum Postings (20%)
  • Minor Essay (30%)
  • Exam (50%)

Prescribed Text

  • Rice, A. Accounts Demystified: The Astonishingly Simple Guide to Accounting. London: Prentice-Hall, 2011.

Check with the instructor each semester before purchasing any textbooks