Financial Literacy and Decision Making

Unit code: BAO1000 | Study level: Undergraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
City Campus
India Online
VU Brisbane
VU Online
VU Sydney
Prerequisites
N/A
Overview
Enquire

Overview

Learn how to make informed judgements and effective decisions around managing money, including digital currencies, in the Financial Literacy and Decision Making unit.

In this unit, you will enhance your financial literacy with key budgeting, reporting and analytical knowledge.

This knowledge base is crucial for senior managers and board members, to ensure they can articulate their organisation’s financial position and guide operational improvements.


These skills underpin good governance and decision-making, which are essential to achieving an organisation's goals.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Review different types of decisions relevant to maximising business performance and personal wealth;
  2. Articulate and apply knowledge of key accounting and finance concepts when analysing and interpreting financial reports;
  3. Evaluate new trends in financial markets and instruments to analyse the operations of financial system; and,
  4. Analyse financial information using spreadsheet skills and professionally communicate such information to interested parties.

Study as a single unit

This unit can be studied on its own, without enrolling in a full degree.

Learn more about single units of study at VU

Assessment

For Melbourne campuses

Assessment type: Test
|
Grade: 10%
Multiple choice questions
Assessment type: Assignment
|
Grade: 30%
A market survey on financial instruments/interpreting financial statements
Assessment type: Assignment
|
Grade: 25%
Developing a budget or set of financial statements via excel (Group)
Assessment type: Timed Assessment Task
|
Grade: 35%
In-class assessment piece

Other locations

For students studying at Central University of Finance and Economics
Assessment type: Test
|
Grade: 10%
Multiple Choice Tests
Assessment type: Assignment
|
Grade: 30%
A market survey on financial instruments/interpreting financial statements
Assessment type: Assignment
|
Grade: 25%
Developing a budget or set of financial statements via excel (Group)
Assessment type: Examination
|
Grade: 35%
Final Exam (3 Hours)
For students studying at VU Online
Assessment type: Assignment
|
Grade: 30%
Essentials of financial literacy
Assessment type: Case Study
|
Grade: 30%
Share market assignment
Assessment type: Report
|
Grade: 40%
Developing a budget or set of financial statements via Excel

This unit will be taught in 4 x 1.5 hr seminars AND 4 x 1.5 hr office hours for 4 weeks. Workshops will include case studies, audio-visual presentations, experiential exercises, group discussions and guest speakers (when available). Students are required to complete before class activities, including reading and viewing online materials, before attending each class.

WORK INTEGRATED LEARNING:
No

REQUIRED TEXTS:Selected readings will be made available via the unit VU Collaborate site

Required reading

Selected readings will be made available via VU Collaborate.

As part of a course

This unit is studied as part of the following course(s):

Bachelor of Accounting
BBAQ | Bachelor degree | Duration: 3 years
Bachelor of Business
BBNS | Bachelor degree | Duration: 3 years
Bachelor of Laws (Honours)/Bachelor of Business
LHWB | Bachelor honours degree | Duration: 5 years
Bachelor of Laws/Bachelor of Business
LBWB | Bachelor degree | Duration: 5 years
Bachelor of Legal Services
LBLS | Bachelor degree | Duration: 3 years
Bachelor of Psychological Studies/Bachelor of Business
ABPB | Bachelor degree | Duration: 4 years
Bachelor of Sport Management
SBSM | Bachelor degree | Duration: 3 years
Bachelor of Sport Management/Bachelor of Business
SBSB | Bachelor degree | Duration: 4 years

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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