What will I learn?

Financial decision making can be a dreaded afterthought for professionals who lack a finance or accounting background. This doesn’t have to be the case. This microcredential will introduce you to a range of accounting practices, tools and techniques and how these can be applied to address complex business challenges and opportunities, making for stronger decision making.

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.

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.

Study options

Online/Distance (7 weeks)

Tuition fees
AUD $2,498 (GST free); 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 3 or more enrolments in UTS Business School microcredentials (same person or same organisation); 5% discount for UTS alumni

*Price shown is for indicative purposes, please check with institution

Start date

Expected May 2022

*There may be different IELTS requirements depending on your chosen course.

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About University of Technology Sydney - UTS

UTS has invested AUD 1.3 billion in creating a state-of-the-art campus in the heart of Sydney’s entrepreneurial district.

  • Based in the heart of Sydney
  • No.1 young university in Australia
  • Offering AUD 30 million in scholarships
  • 24/7 security patrols on campus