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MICROCREDENTIAL

Accounting Practices and Tools

To be a successful entrepreneur or manager, you need to have the tools and techniques to address complex business challenges and opportunities. This course will enable professionals without a finance or accounting background the skills to make strategic business decisions.

About this microcredential

This microcredential is designed to give you a solid grounding in the foundational concepts of financial and management accounting. These foundations are essential for understanding financial opportunities and challenges inherent in any business endeavour. You will explore and come to understand key introductory-level terms used in accounting and how business decisions flow through to profit and loss statements.

As a result, you will have a better understanding of the position and performance of initiatives undertaken in the context of broader organisational strategies and objectives, allowing you to make critical cost/benefit trade-offs.

Key benefits of this microcredential

This microcredential is designed to equip participants to:

  • Build financial literacy by exploring key terms used in accounting
  • Understand how business decisions flow through to profit and loss statements.

This microcredential aligns with the 3 credit point subject, Accounting Practices and Tools (22788) in the Advanced Master of Business Administration (C04367) and Master of Professional Practice (C04404). 

This microcredential may qualify for recognition of prior learning at this and other institutions.

Who should do this microcredential?

This microcredential is suitable for anyone interested in exploring, or needing a working understanding of the fundamentals of effective financial decision making and literacy. Specifically, this course is suitable for (but not limited to):

  • Anyone with newly acquired responsibility over developing, managing, and meeting formal budgets and management targets
  • Professionals working in a wide array of roles or industries, including marketing, engineering and fashion
  • Leaders and managers working within small-to-medium enterprise
  • Aspiring entrepreneurs.

Price

Full price: $2,498 (GST free)*

*Price subject to change. Please check price at time of purchase. 

Discounts are available for this course. For further details and to verify if you qualify, please check the Discounts section under Additional course information

Enrolment conditions

COVID-19 response 

Additional course information

Course outline

The following content will be explored during this microcredential:

  • Financial statements – profit and loss statement; balance sheet
  • Financial statements – cash flows
  • Analysing position and performance next to strategy – strategic ratio analysis
  • Understanding and budgeting fixed and variable costs in organisations
  • Cost-volume-profit (CVP) analysis
  • Relevant costing and tactical pricing.

Course delivery

This course is delivered online using a range of resources, self-directed study and live interactive sessions with the academic. Course content will be presented online to participants in a variety of formats, including lecture slides, notes, videos and articles.

At the beginning of the unit, participants are expected to review materials and complete tasks on their own before attending weekly online review sessions with the lecturer (sessions are spread over the learning period). Materials will be provided via the learning management system, but participants are also expected to seek information independently. Feedback will be given following formative assessment and during the online sessions.

Course learning objectives

On successful completion of this course, participants should be able to:

  • Demonstrate an understanding of the development of financial statements
  • Investigate and analyse financial statements in practice
  • Apply financial ratios for the purposes of understanding and synthesising the business position and performance
  • Apply a range of management accounting techniques to generate and evaluate complex ideas and concepts to improve decision making.

Assessment

There are two individual assessment tasks for this microcredential.

Task 1 - Performance and ratio analysis and insights (weighting: 50%)

  • For this assessment task, you will examine a real-world set of financial statements from an organisation. Using this information, you will be required to prepare financial ratios to describe the position and performance of the organisation next to its industry competitors (to the extent relevant). You will be required to justify your choices by explaining why you chose the particular suite of ratios, present your reflections on competitors and their effects and describe any other broader factor that drove your analyses of the organisation alongside the financial ratios studied. Further details will be provided.

Task 2 - Report  (weighting: 50%)

  • For this task, you will be required to offer a solution to a case study. This will include the completion of accounting calculations and an explanation of the meaning behind the results for the organisational settings concerned.

Requirements

Mandatory

  • To complete this online course you will need a personal computer with reliable internet access, web conferencing capability and an operating system with a web browser compatible with the UTS Canvas LMS.

Discounts

Discounts are available for this course as follows:

  • 5% discount for UTS alumni
  • 5% discount for strategic partners
  • 5% discount for 2 enrolments in UTS Business School microcredentials (same person or same organisation)
  • 10% discount for 3 or more enrolments in UTS Business School microcredentials (same person or same organisation)

Discounts cannot be combined and only one discount can be applied per person per course session. Discounts can only be applied to the full price. Discounts cannot be applied to any offered special price. 

How to obtain your discount voucher code

  • Please contact the team at support@open.uts.edu.au with your student number, strategic partnership details or details of group enrolments, to obtain your discount voucher code. 

How to apply your discount voucher 

  • If you are eligible for a UTS alumni discount, please ensure you have provided your UTS student number in your UTS Open Profile (under “A bit about you”). If you have forgotten your UTS student number, email support@open.uts.edu.au with your full name, UTS degree and year of commencement.  
  • Add this course to your cart 
  • Click on "View Cart" (blue shopping trolley at top right of screen). You will need to sign in or sign up to UTS Open 
  • Enter your eligible code beneath the “Have a code?” prompt and click on the blue "Apply" button 
  • Verify your voucher code has been successfully applied before clicking on the blue "Checkout" button. 
$2,498.00

START DATE

27 October

MODE

Online

DURATION

7 wks

COMMITMENT

Avg 10 hrs p/w

Lead academic

Dr Matthew Grosse

Dr Matthew Grosse
Lecturer

Matthew is a lecturer at the UTS Business School in the Accounting Discipline Group, which he joined in 2014. Prior to joining UTS, he completed a Bachelor of Business (Honours) in Finance and a PhD in Accounting. During his PhD, he was awarded a UTS Doctoral Scholarship and an Australian Finance and Accounting Association of Australia and New Zealand (AFAANZ) scholarship.

Matthew currently teaches courses covering introductory accounting, financial statement analysis and business valuation to both undergraduate and postgraduate participants. During 2018-19, he lectured undergraduate participants in management accounting at the London School of Economics (LSE) and taught postgraduate introductory accounting at the London Business School (LBS).

Matthew conducts empirical archival research focused on Australian listed companies with a particular interest on the intersection of accounting information and capital markets, as well as corporate governance, CEO compensation and the economics of auditing. His research has been published in several peer-reviewed journals, including Accounting & Finance, International Journal of Auditing, Australian Journal of Management, and the Australian Accounting Review.

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Book a session

Wed 27 Oct 2021 -
Wed 01 Dec 2021
Expert: Dr Matthew Grosse
  • Participants will have the opportunity to attend four Supported Learning Sessions on the following dates:
  • Online
  • 4 sessions, 4 hours total

Online learning conducted via UTS Open Canvas LMS and Zoom 

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