Financial Literacy and Decision Making

    Unit code: VBE1008 | Study level: Undergraduate
    12
    (Generally, 1 credit = 10 hours of classes and independent study.)
    City Campus
    India Online
    VU Brisbane
    VU Sydney
    N/A
    Overview
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    Overview

    This unit provides a basis for further accounting studies, while meeting the needs of students interested in pursuing studies in other areas of business. The unit introduces students to basic accounting concepts and selected accounting practices and to the role of, and the processes involved in, planning and decision making within the business environment. Students will begin to investigate the roles of accounting and management planning for supporting organisational decision making. To undertake this investigation, students will begin to integrate principles and key professional practices of accounting concepts; cash and accrual accounting; preparation of financial statements; and forms of business ownership. Students will learn how to make informed judgements and effective decisions around managing money, including digital currencies, in the Financial Literacy and Decision Making unit. They will enhance their financial literacy with key budgeting, reporting and analytical knowledge.

    Learning Outcomes

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

    1. Review different types of decisions relevant to maximising business performance and personal wealth;
    2. Articulate and apply knowledge of key accounting and finance concepts when analysing and interpreting financial reports;
    3. Evaluate new trends in financial markets and instruments to analyse the operations of financial system; and,
    4. Analyse financial information using spreadsheet skills and professionally communicate such information to interested parties.

    Assessment

    For Melbourne campuses

    Assessment type: Test
    |
    Grade: 20%
    Online test (timed – 1 hour)
    Assessment type: Assignment
    |
    Grade: 30%
    A market survey on financial instruments/interpreting financial statements (Group)
    Assessment type: Assignment
    |
    Grade: 25%
    Developing a set of financial statements via excel
    Assessment type: Test
    |
    Grade: 25%
    Online test (timed – 2 hours)

    Other locations

    For students studying at India Online
    Assessment type: Assignment
    |
    Grade: 20%
    Communicating financial concepts
    Assessment type: Report
    |
    Grade: 30%
    Financial market survey
    Assessment type: Report
    |
    Grade: 50%
    Analysing investment opportunities
    For students studying at Henan University, Liaoning University
    Assessment type: Test
    |
    Grade: 15%
    Five (5) Online Tests (30 minutes – 1 hour duration
    Assessment type: Assignment
    |
    Grade: 20%
    A market survey on financial instruments/interpreting financial statements (Group)
    Assessment type: Assignment
    |
    Grade: 15%
    Developing a set of financial statements via excel
    Assessment type: Examination
    |
    Grade: 50%
    Final Exam (2 hours)

    Required reading

    Selected readings will be made available via VU Collaborate.

    As part of a course

    This unit is studied as part of the following course(s):

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