Make a greater contribution to your organisations profitability
Not understanding the financial side of business decisions can cause problems for any organisation. The lack of financial literacy can be an enormous weakness as it can lead to resources being wasted, opportunities lost, and cash flow can diminish. By having financial literacy, you can make a greater contribution to your organisation’s overall profitability.
In the 'Financial Literacy skill' section you will be introduced to the topic of sources of finance which looks at internal and external sources that you can tap into. You will be exposed to various sources of finance depending on where along the continuum you are with your business idea. The weapons of financial literacy include balance sheets, profit and loss accounts, cash flows and many more. In ‘Reading Financial Statements’ you will be exposed to these in greater detail.
Financial ratios are used by management, investors, creditors, and other stakeholders to better understand the financial performance of a business. In the topic 'Using financial ratios to interpret your performance' you will learn about Return on Investments (ROI), liquidity ratios, efficiency ratios, leverage ratios and profitability ratios. Financial reporting is a legal obligation of Australian companies and in the topic 'Financial Reporting' you will be introduced to what documents must be lodged with ASIC.
Click on the links below to learn more.
Financial literacy topics
Sources of funding
This module will introduce you to the sources of funding available along the entrepreneurial journey.
Reading Financial Statements
This module helps you to understand the financial performance of your business through the creation of key financial statements.
Financial Reporting
This module discusses the reports necessary to be written by companies.
Key contact
If you require assistance during the program please contact Professor Naomi Birdthistle