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MICROCREDENTIAL

Accounting Practices and Tools

Enrol now
$3,077.00

START DATE

 Enquire now

MODE

 Online

DURATION

 7 wks

COMMITMENT

 Avg 10 hrs/wk

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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 Executive Master of Business Administration (C04424).

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

Digital badge and certificate digital badge example for UTS Open short courses

A digital badge and certificate will be awarded upon successful completion of the relevant assessment requirements and attainment of learning outcomes of the microcredential.  

Learn more about UTS Open digital badges.

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: $3,077 (GST free)*

Special price $2,676 (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

Course purchase is subject to UTS Open Terms and Conditions. 

COVID-19 response 

UTS complies with latest Government health advice. Delivery of all courses complies with the UTS response to COVID-19.

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.

Participants will need to undertake approximately 10 hours of self-directed online learning each week over 7 weeks.

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 adequate internet access and sufficient software and bandwidth to support web conferencing. You will also require an operating system with a web browser compatible with Canvas and Zoom.

Discounts

Discounts are available for this course as follows:

  • 5% discount for strategic partners
  • 5% discount for 2 enrolments in UTS Business School microcredentials (same person or same organisation)
  • 10% discount for UTS alumni
  • 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 during checkout. 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 voucher code?" prompt and click on the blue "Apply" button 
  • Verify your voucher code has been successfully applied before clicking on the blue "Checkout" button. 

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Acknowledgement of Country

UTS acknowledges the Gadigal people of the Eora Nation, the Boorooberongal people of the Dharug Nation, the Bidiagal people and the Gamaygal people, upon whose ancestral lands our university stands. We would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for these lands.

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