NSCI5902 – Fundamentals of Financial Management and Planning
Module code
NSCI5902
Module title
Fundamentals of Financial Management and Planning
Prescription
The aim of this course is to develop the knowledge, skills, and attributes to manage and present finances for a primary industry organisation.
NZQA Level
Level 5
NZQA Credits
15
Delivery method
- Web-Enhanced
Learning hours
- Total learning hours
- 150
Resources required
- Content
- - Value of product.
- Determination of income and expenses.
- Development of annual budgets and cashflow forecasts.
- Determination of seasonal finance requirements.
- Management/operational plans
- expenditure, valuation, accounts payable/receivable, profit and loss accounts
- Financial Statements including Maaori collective implications
- Current and emerging technology
- GST and PAYE
- Broad understanding of taxation
- ACC
- Depreciation
- Understand how income and expenses are determined for taxation
- Business ownership opportunities, for example: lease, equity, livestock
- Gross Margin analysis
- Partial budget
- Sensitivity analysis
- Sources of finance - Learning Outcomes
- 1. Compile and analyse financial management information for a primary industry organisation.
2. Apply principles of taxation to a primary industry organisation.
3. Investigate opportunities to finance a primary industry organisation. - Assessment Criteria
- Assessment in this course is achievement-based. Aakonga must submit all specified assessment items, and obtain at least 50% overall score in order to pass this course. Aakonga will be advised of all matters relating to summative assessment at the start of the course.
- Learning and Teaching Resource
- All required and recommended resources are advised to aakonga via course outlines.
- Teaching and Learning Strategy
- Learning and teaching activities will employ a range of elements drawn from approved methods to align with the context of the learning (delivery mode, regional specific requirement, etc.) and any particular needs of the group of aakonga.
