Financial management and resource utilisation

Rapid changes in competitive models and capital markets create new challenges for organisations to manage the resources necessary to compete, particularly financial resources. To support on-going organisational performance and to inform decisions for organisational transformation, the organisation’s financial management and resource utilisation must align with the organisation’s strategic intent. This unit introduces principles of financial management and prepares you to understand the reports (e.g. financial statements), measures and control systems required to maintain competitive positions and enable organisational advancement. Building on foundational concepts and a critical review of resource allocation and control systems, the unit provides a series of targeted lessons that extend your practical understanding of financial management.