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Unit Code: 640

Economics of Financial Management

  • Unit Duration:

    One semester

  • Credit Points:
    1

The unit outlines how effective asset management requires the application of asset management principles and an ongoing and constructive alignment between financial management and asset managers. To ensure that appropriate asset management resources are provided for whole of life operation within a value for money framework, asset managers must be able to understand and communicate the principles and application of financial planning and accounting for investment in physical infrastructure. Topics covered include time value of money, valuation, auditing, discrete and continuous assets considerations, cost elements, prediction methods and project evaluation based on whole of life value. The application of the international standard ISO 55000 series, Standards for Asset Management is explored from a financial management context.

Unit Topics

  • Topic 1

    Managing Assets within a Strategic and Sustainability Context

  • Topic 2

    Long Term Planning for Asset Financial Management

  • Topic 3

    Financial Modelling and Planning

  • Topic 4

    Project Business Cases

  • Topic 5

    Project Evaluation

  • Topic 6

    Asset Reporting Frameworks and Auditing

  • Topic 7

    Implementation and Application of Financial Systems in Asset Management.

  • Topic 8

    Resilient physical infrastructure systems

Prerequisites and Corequisites

  • Asset Management
    Graduate Certificate
    Prerequisites: 540 Asset Management Principles
    Corequisites: Nil

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