MMGT6002 Financial Management - 2019

Weekly, Kensington
Term 1
6 Units of Credit

Offering Selection
This course outline is provided in advance of offering to guide student course selection. Please note that while accurate at time of publication, changes may be required prior to the start of the teaching session. To view other versions, visit the archives .

1. Course Details

Summary of Course

The ability to understand and communicate using financial information is a fundamental prerequisite to a successful career within a commercial environment. As a consequence, those beginning their professional journey need to rapidly acquire a broad understanding of the accounting discipline and an appreciation of its functions within an organisation. The goal of Financial Management is to provide participants with a thorough understanding of accounting and financial decision making systems and the reports such systems produce. The subject will provide a practical exploration of the techniques and terminologies needed to increase participant's familiarity with key components of accounting and financial systems within organisations. It aim is to allow them to effectively communicate with a broad cross section of other organisational stakeholders using established accounting methods.

It is assumed that participants have little prior knowledge of either accounting and/or financial management. To many 'early-career' participants this may be the first time they have studied accounting or finance and as a result the subject will investigate the discipline from a very practical perspective. The subject will continually try to anchor the concepts and ideas underpinning accounting to actual examples and thus provide those with little experience the 'context' needed to effectively use the conceptual skills they acquire from participation within the subject.

While the primary focus of the course is accounting and finance, it will also investigate the relationship between accounting and the other core disciplines covered within the Master of Management program.

Teaching Times and Locations

Please note that teaching times and locations are subject to change. Students are strongly advised to refer to the Class Timetable website for the most up-to-date teaching times and locations.

View course timetable

Course Policies & Support

Course Aims and Relationship to Other Courses

For those entering a commercial career, the best way of understanding the importance of accounting and financial management is to understand the role it plays both within organisation and between an organisation and its major stakeholders.

In this course, you will learn how organisations produce and use accounting reports for the purposes of both communicating to stakeholders and making more informed decisions.

The aims of the course are to develop:

diagnostic skills associated with the preparation and explanation of financial reporting;

assessment skills associated with the use of financial information in decision-making;

In order to achieve these aims it is necessary for you to have a strong understanding of the accounting systems that produce accounting and financial data. Therefore, you will also be required to develop:

technical and computational skills associated with the production of accounting information;

Additonal Course Details

2. Staff Contact Details

Position Name Email Location Phone Consultation Times
Course CoordinatorKevin ClarkeAGSM Building+61 2 9385 4270

The role of your Class Facilitator is to support the learning process by encouraging interaction among participants, providing direction in understanding the course content, assessing participant progress through the course and providing feedback on work submitted. Class Facilitators comprise academics and industry practitioners with relevant backgrounds.

You will be notified of your Class Facilitator's name and contact details in your class confirmation email sent by AGSM Experience. Details will also be available in the gallery section in Moodle.

3. Learning and Teaching Activities

Approach to Learning and Teaching in the Course

Learning Activities and Teaching Strategies

Learning resources

You have four major resources to help you learn:

  1. The course materials comprising Units 1 to 10 and the Course Overview. You will do much of your learning outside the classroom by working through the learning materials, and by completing the exercises and activities as they arise.
  2. The class meetings/workshops with your Class Facilitator. The Class Facilitator's job is to facilitate your learning by conducting class discussion, answering questions that might arise and providing insights from his or her own practical experience and understanding of theory, providing you with feedback on your assignments, and directing traffic in the inevitable discussions and debates that will occur between you and your co-participants in the classroom.
  3. Your co-participants. Your colleagues in the classroom are an invaluable potential source of learning for you. Master of Management participants are sharing similar experiences at the initial stages of their careers so each bring much valuable insight to the learning experience. Their work in various industry settings represent a great learning opportunity for all participants.
  4. In addition to course-based resources, please also refer to the AGSM Learning Guide(available in Moodle) for tutorials and guides that will help you learn more about effective study practices and techniques.

Course Structure

Different users of accounting data have different information needs. This course primarily examines with the needs of two main user groups and how those within an organisations can more effectively use accounting data to connect with them.

These two groups are typically classified as either 'external' or 'internal' users. As a consequence, Accounting and Financial Management is effectively broken down into 2 different (but related) parts. These are 'Financial accounting' and 'management accounting'.

Financial accounting is really about 'communicating' with external users and as a result it is one of the primary means by which a firm's management can communicate a firm's financial performance and position to stakeholders outside of the firm. The first half of the subject will focus on the primary, financial statements. It will explore, from a management perspective, the balance sheet, the income statement and the statement of cash flow. To effectively communicate using these accounting reports participants need to develop an appreciate of how the system of financial reporting works, the underlying assumptions / principles that govern their creation and the constraints that organisations face in their preparation.

The second half of the subject focuses on 'Management accounting'. These five units exam how accounting systems, and the information they capture, are used to make organisational decisions. The latter half of the subject will focus on using accounting data, the development of internal reports, the process of budgeting, and how to apply financial performance measures more effectively.

5. Course Resources

Learning materials

The learning materials for Financial Management comprise the Course Overview, 10 study units. Each unit introduces you to a different aspect of the accounting process.

The first part (Units 1 to 5) focuses on external users (investors) and examines how external accounting reports are prepared, structured and used. The second part (Units 6 to 10) focuses on internal users and examines how the accounting system may be more effectively used by managers.

In addition to course-based resources, please also refer to the AGSM Learning Guide (available in Moodle) for tutorials and guides that will help you learn more about effective study practices and techniques.



The material for each unit of Financial Management includes a number of practical activities and their solutions. The purpose of these activities is to enhance and confirm your understanding of the concepts presented in that unit. These activities are designed to be worked in sequence with the materials. A general level of comprehension must exist before you begin working through the activities. Detailed solutions are provided in order to assist those of you who are new to the discipline. The activities will provide you with good preparation for all assessment tasks.

Quick questions and two-minute tests

The Financial Management Moodle site also includes two comprehensive sets of (non-assessable) multiple-choice questions. These questions have been designed to provide additional practice and feature the primary concepts underpinning the subject. These sets of multiple-choice exercises are based on the materials contained in the course materials and again both correspond with each of the Financial Management units and will provide you with more preparation for all assessment tasks;

Illustrative examples

Illustrative examples of practical problems are included in the materials. These may be used in the weekly class sessions or workshops to explain the mechanics of accounting processes. You should ensure that you are familiar with the questions and may be have attempted an answer prior to a class session or prior workshops.

In addition, the Financial Management Moodle site contains a series of audio/PowerPoint based examples that work through problems corresponding to units within the materials. These have been compiled and presented by senior members of UNSW's School of Accounting;

Practice quizzes

The Financial Management Moodle site contains an extensive set of on-line/PDF based practice quizzes constructed on past assessment tasks so as to provide participants an opportunity to self-assess their progress and prepare adequately for each assessment task in terms of both content and (importantly) process;

Other resources

The Financial Management Moodle site also contains a glossary of common accounting and financial terms, a selection of accounting related articles and materials to assist you in understanding the role accounting plays in organisations.

Other resources

BusinessThink is UNSW's free, online business publication. It is a platform for business research, analysis and opinion. If you would like to subscribe to BusinessThink, and receive the free monthly e-newsletter with the latest in research, opinion and business then go to .


6. Course Evaluation & Development

Continual Course Improvement

Student Response

As the course is new for 2019 no data is available to provide feedback. We encourage you to respond with your comments, suggestions, and feedback about the course, in the week 5 course survey and in the final end of term survey.

Response to Student Feedback

7. Course Schedule

For AGSM academic calendars and key dates please visit
Week Activity Topic Detail/Engagement Assessment Task
Week 1 -Unit 1: The nature of accounting
Week 2 -Unit 2: The key financial statements
Week 3 -Unit 3: Accrual Accounting: Impact of transactions on financial statements
Week 4 -Unit 4: The statement of cash flows
Week 5 -Unit 5: Analysing financial statements
Week 6 Quiz 1-

Duration: 1 hour
In class.

Quiz 1 : In Class Quiz 1
Week 7 -Unit 6: Cost behaviour and cost-volume-profit analysis
Week 8 -Unit 7: Product and service costing
Week 9 -Unit 8: Profit and liquidity planning
Week 10 -Unit 9: Capital investment analysis
Week 11 AssignmentUnit 10: Budgetary control: Cost and profit centres
Assignment : Group Component
Assignment : Individual Component
Week 12 Quiz 2-

Duration 1.5 hours
In class.

Quiz 2 : In Class Quiz 2

8. Policies and Support

Information about UNSW Business School protocols, University policies, student responsibilities and education quality and support.

Program Learning Outcomes

The Business School places knowledge and capabilities at the core of its curriculum via seven Program Learning Outcomes (PLOs). These PLOs are systematically embedded and developed across the duration of all coursework programs in the Business School.

PLOs embody the knowledge, skills and capabilities that are taught, practised and assessed within each Business School program. They articulate what you should know and be able to do upon successful completion of your degree.

Upon graduation, you should have a high level of specialised business knowledge and capacity for responsible business thinking, underpinned by ethical professional practice. You should be able to harness, manage and communicate business information effectively and work collaboratively with others. You should be an experienced problem-solver and critical thinker, with a global perspective, cultural competence and the potential for innovative leadership.

All UNSW programs and courses are designed to assess the attainment of program and/or course level learning outcomes, as required by the UNSW Assessment Design Procedure. It is important that you become familiar with the Business School PLOs, as they constitute the framework which informs and shapes the components and assessments of the courses within your program of study.

PLO 1: Business knowledge

Students will make informed and effective selection and application of knowledge in a discipline or profession, in the contexts of local and global business.

PLO 2: Problem solving

Students will define and address business problems, and propose effective evidence-based solutions, through the application of rigorous analysis and critical thinking.

PLO 3: Business communication

Students will harness, manage and communicate business information effectively using multiple forms of communication across different channels.

PLO 4: Teamwork

Students will interact and collaborate effectively with others to achieve a common business purpose or fulfil a common business project, and reflect critically on the process and the outcomes.

PLO 5: Responsible business practice

Students will develop and be committed to responsible business thinking and approaches, which are underpinned by ethical professional practice and sustainability considerations.

PLO 6: Global and cultural competence

Students will be aware of business systems in the wider world and actively committed to recognise and respect the cultural norms, beliefs and values of others, and will apply this knowledge to interact, communicate and work effectively in diverse environments.

PLO 7: Leadership development

Students will develop the capacity to take initiative, encourage forward thinking and bring about innovation, while effectively influencing others to achieve desired results.

These PLOs relate to undergraduate and postgraduate coursework programs.  Separate PLOs for honours and postgraduate research programs are included under 'Related Documents'.

Business School course outlines provide detailed information for students on how the course learning outcomes, learning activities, and assessment/s contribute to the development of Program Learning Outcomes.



UNSW Graduate Capabilities

The Business School PLOs also incorporate UNSW graduate capabilities, a set of generic abilities and skills that all students are expected to achieve by graduation. These capabilities articulate the University’s institutional values, as well as future employer expectations.

UNSW Graduate CapabilitiesBusiness School PLOs
Scholars capable of independent and collaborative enquiry, rigorous in their analysis, critique and reflection, and able to innovate by applying their knowledge and skills to the solution of novel as well as routine problems.
  • PLO 1: Business knowledge
  • PLO 2: Problem solving
  • PLO 3: Business communication
  • PLO 4: Teamwork
  • PLO 7: Leadership development

Entrepreneurial leaders capable of initiating and embracing innovation and change, as well as engaging and enabling others to contribute to change
  • PLO 1: Business knowledge
  • PLO 2: Problem solving
  • PLO 3: Business communication
  • PLO 4: Teamwork
  • PLO 6: Global and cultural competence
  • PLO 7: Leadership development

Professionals capable of ethical, self-directed practice and independent lifelong learning
  • PLO 1: Business knowledge
  • PLO 2: Problem solving
  • PLO 3: Business communication
  • PLO 5: Responsible business practice

Global citizens who are culturally adept and capable of respecting diversity and acting in a socially just and responsible way.
  • PLO 1: Business knowledge
  • PLO 2: Problem solving
  • PLO 3: Business communication
  • PLO 4: Teamwork
  • PLO 5: Responsible business practice
  • PLO 6: Global and cultural competence

While our programs are designed to provide coverage of all PLOs and graduate capabilities, they also provide you with a great deal of choice and flexibility.  The Business School strongly advises you to choose a range of courses that assist your development against the seven PLOs and four graduate capabilities, and to keep a record of your achievements as part of your portfolio. You can use a portfolio as evidence in employment applications as well as a reference for work or further study. For support with selecting your courses contact the UNSW Business School Student Centre.

Academic Integrity and Plagiarism

Academic Integrity is honest and responsible scholarship. This form of ethical scholarship is highly valued at UNSW. Terms like Academic Integrity, misconduct, referencing, conventions, plagiarism, academic practices, citations and evidence based learning are all considered basic concepts that successful university students understand. Learning how to communicate original ideas, refer sources, work independently, and report results accurately and honestly are skills that you will be able to carry beyond your studies.

The definition of academic misconduct is broad. It covers practices such as cheating, copying and using another person’s work without appropriate acknowledgement. Incidents of academic misconduct may have serious consequences for students.


UNSW regards plagiarism as a form of academic misconduct. UNSW has very strict rules regarding plagiarism. Plagiarism at UNSW is using the words or ideas of others and passing them off as your own. All Schools in the Business School have a Student Ethics Officer who will investigate incidents of plagiarism and may result in a student’s name being placed on the Plagiarism and Student Misconduct Registers.

Below are examples of plagiarism including self-plagiarism:

Copying: Using the same or very similar words to the original text or idea without acknowledging the source or using quotation marks. This includes copying materials, ideas or concepts from a book, article, report or other written document, presentation, composition, artwork, design, drawing, circuitry, computer program or software, website, internet, other electronic resource, or another person's assignment, without appropriate acknowledgement of authorship.

Inappropriate Paraphrasing: Changing a few words and phrases while mostly retaining the original structure and/or progression of ideas of the original, and information without acknowledgement. This also applies in presentations where someone paraphrases another’s ideas or words without credit and to piecing together quotes and paraphrases into a new whole, without appropriate referencing.

Collusion: Presenting work as independent work when it has been produced in whole or part in collusion with other people. Collusion includes:

  • Students providing their work to another student before the due date, or for the purpose of them plagiarising at any time
  • Paying another person to perform an academic task and passing it off as your own
  • Stealing or acquiring another person’s academic work and copying it
  • Offering to complete another person’s work or seeking payment for completing academic work

Collusion should not be confused with academic collaboration (i.e., shared contribution towards a group task).

Inappropriate Citation: Citing sources which have not been read, without acknowledging the 'secondary' source from which knowledge of them has been obtained.

Self-Plagiarism: ‘Self-plagiarism’ occurs where an author republishes their own previously written work and presents it as new findings without referencing the earlier work, either in its entirety or partially. Self-plagiarism is also referred to as 'recycling', 'duplication', or 'multiple submissions of research findings' without disclosure. In the student context, self-plagiarism includes re-using parts of, or all of, a body of work that has already been submitted for assessment without proper citation.

To see if you understand plagiarism, do this short quiz:


The University also regards cheating as a form of academic misconduct. Cheating is knowingly submitting the work of others as their own and includes contract cheating (work produced by an external agent or third party that is submitted under the pretences of being a student’s original piece of work). Cheating is not acceptable at UNSW.

If you need to revise or clarify any terms associated with academic integrity you should explore the 'Working with Academic Integrity' self-paced lessons available at:

For UNSW policies, penalties, and information to help you avoid plagiarism see: as well as the guidelines in the online ELISE tutorials for all new UNSW students: For information on student conduct see:

For information on how to acknowledge your sources and reference correctly, see: If you are unsure what referencing style to use in this course, you should ask the lecturer in charge.

Student Responsibilities and Conduct

Students are expected to be familiar with and adhere to university policies in relation to class attendance and general conduct and behaviour, including maintaining a safe, respectful environment; and to understand their obligations in relation to workload, assessment and keeping informed.

Information and policies on these topics can be found on the 'Managing your Program' website.


It is expected that you will spend at least ten to twelve hours per week studying for a course except for Summer Term courses which have a minimum weekly workload of twenty to twenty four hours. This time should be made up of reading, research, working on exercises and problems, online activities and attending classes. In periods where you need to complete assignments or prepare for examinations, the workload may be greater. Over-commitment has been a cause of failure for many students. You should take the required workload into account when planning how to balance study with employment and other activities.

We strongly encourage you to connect with your Moodle course websites in the first week of semester. Local and international research indicates that students who engage early and often with their course website are more likely to pass their course.

View more information on expected workload


Your regular and punctual attendance at lectures and seminars or in online learning activities is expected in this course. The Business School reserves the right to refuse final assessment to those students who attend less than 80% of scheduled classes where attendance and participation is required as part of the learning process (e.g., tutorials, flipped classroom sessions, seminars, labs, etc.).

View more information on attendance

General Conduct and Behaviour

You are expected to conduct yourself with consideration and respect for the needs of your fellow students and teaching staff. Conduct which unduly disrupts or interferes with a class, such as ringing or talking on mobile phones, is not acceptable and students may be asked to leave the class.

View more information on student conduct

Health and Safety

UNSW Policy requires each person to work safely and responsibly, in order to avoid personal injury and to protect the safety of others.

View more information on Health and Safety

Keeping Informed

You should take note of all announcements made in lectures, tutorials or on the course web site. From time to time, the University will send important announcements to your university e-mail address without providing you with a paper copy. You will be deemed to have received this information. It is also your responsibility to keep the University informed of all changes to your contact details.

Student Support and Resources

The University and the Business School provide a wide range of support services and resources for students, including:

Business School EQS Consultation Program
The Consultation Program offers academic writing, literacy and numeracy consultations, study skills, exam preparation for Business students. Services include workshops, online resources, individual and group consultations.
Level 1, Room 1035, Quadrangle Building.
02 9385 4508

Business School Student Centre
The Business School Student Centre provides advice and direction on all aspects of admission, enrolment and graduation.
Level 1, Room 1028 in the Quadrangle Building
02 9385 3189

UNSW Learning Centre
The UNSW Learning Centre provides academic skills support services, including workshops and resources, for all UNSW students. See their website for details.
Lower Ground Floor, North Wing Chancellery Building.
02 9385 2060

Educational Support Service
Educational Support Advisors work with all students to promote the development of skills needed to succeed at university, whilst also providing personal support throughout the process. Check their website to request an appointment or to register in the Academic Success Program.
John Goodsell Building, Ground Floor.
02 9385 4734

Library services and facilities for students
The UNSW Library offers a range of collections, services and facilities both on-campus and online.
Main Library, F21.
02 9385 2650

Moodle eLearning Support
Moodle is the University’s learning management system. You should ensure that you log into Moodle regularly.
02 9385 3331

UNSW IT provides support and services for students such as password access, email services, wireless services and technical support.
UNSW Library Annexe (Ground floor).
02 9385 1333

Disability Support Services
UNSW Disability Support Services provides assistance to students who are trying to manage the demands of university as well as a health condition, learning disability or who have personal circumstances that are having an impact on their studies. Disability Advisers can arrange to put in place services and educational adjustments to make things more manageable so that students are able to complete their course requirements. To receive educational adjustments for disability support, students must first register with Disability Services.
Ground Floor, John Goodsell Building.
02 9385 4734

UNSW Counselling and Psychological Services
Provides support and services if you need help with your personal life, getting your academic life back on track or just want to know how to stay safe, including free, confidential counselling.
Level 2, East Wing, Quadrangle Building.
02 9385 5418

Search Degrees

Find a degree or course