Description
Financial Management
| Module title | Financial Management |
|---|---|
| Module code | INT3605B |
| Academic year | 2018/9 |
| Credits | 15 |
| Module staff | Stephen Astbury (Convenor) |
| Duration: Term | 1 | 2 | 3 |
|---|---|---|---|
| Duration: Weeks | 10 |
| Number students taking module (anticipated) | 50 |
|---|
Description - summary of the module content
Module description
This module aims to give you a solid foundation in the theory and practice of financial accounting. It will also provide you with the understanding of the role of management accounting in monitoring, controlling and planning an organisation's activities. You will develop the knowledge and skills that you need to progress to further study of financial reporting.
This module is suitable for both specialist and non-specialist students.
Module aims - intentions of the module
The main purpose of the module is to study the techniques used in managing the finances of a business, and how to monitor and control the business performance.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. Interpret and apply internal management accounts and a companys report, balance sheet, cash flow and income statement
- 2. Use knowledge and skills in financial management for application in future work place situations
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 3. Analyse critically the financial situation of a company
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 4. Set personal objectives, manage time and tasks and
- 5. Evaluate your own performance against given criteria
- 6. Learn effectively and be aware of your own learning strategies, including learning independently and co-operatively
Syllabus plan
Syllabus plan
Introduction to financial management and the finance markets; traditional accounting statements – the balance sheet and profit and loss account; measuring company performance; analysis of financial statements and ratios; managing working capital; cash flow analysis; analysis of a company’s report and account; cost for decision making; budgeting; principles of capital investments decisions; financing the firm / company – long term / stock exchange; short term finance. Note taking, time management and reflecting on learning.
Learning and teaching
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 30 | 120 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Contact Hour | 10 | Lectures |
| 20 | Seminars/Tutorials | |
| 10 | studyclinic (Optional) | |
| Online learning (myaccountinglab) | 20 | Purpose-designed accompaniment to text |
| In-house workbook | 30 | |
| Directed homework | 30 | |
| Self-Study | 30 |
Assessment
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Online Quizzes | 1 X 60 minutes | 1-3 | Correct Answers |
| In-class test | 2 hours | 1-3 | Correct Answers and verbal feedback in class tutorial |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 0 | 100 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| On-line tests using Pearson myaccountinglab | 30 | 3 X 60 minutes, weeks 4, 7 and 9 | 1-3 | On line answers |
| Exam (50% cold question/50% based on background information given out in advance | 70 | 3 hours | 1-3 | Written |
Re-assessment
Details of re-assessment (where required by referral or deferral)
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| All of the above | Exam | 1-4 | Within four weeks of exam board |
Re-assessment notes
In cases of referral, final exam is retaken and the original marks for on-line tests will stand. In cases of deferral the exam will replace the total mark for the module.
Resources
Indicative learning resources - Basic reading
Core text:
Atrill, P. & McLaney, E. (2013). Accounting and Finance for Non-Specialists 8th edition. Harlow: Prentice Hall. ISBN: 0273745964
Other useful resources:
Chapman, C. (2006). How Stock Markets Work. Random House. ISBN: 1905211058.
Ellis, J. & Williams, D. (1993). Corporate Strategy and Financial Analysis. London: Pitman. ISBN: 027303796x
Howells, P. G. A. & Bain, K. (1990). Financial Markets and Institutions. London: Longman. ISBN: 058200470
Tyler, S. (2007). The Manager’s Good Study Guide. Milton Keynes: The Open University.
Tyran, M. (adapted by M. Ward) (1992). Business and Financial Ratios. Woodhead-Faulkner. ISBN: 0859417956.
Watts, B. K. R. (1994). Business Finance. London: M & E Handbooks. ISBN: 06258828
Indicative learning resources - Web based and electronic resources
ELE – http://vle.exeter.ac.uk/course/view.php?id=3296
Web based and electronic resources:
Pearson MyAccountingLab - http://myaccountinglab.mathxl.com/login_malintl.htm
Module has an active ELE page
Indicative learning resources - Other resources
In-house designed progressive workbook with spreadsheet solutions.
| Credit value | 15 |
|---|---|
| Module ECTS | 7.5 |
| NQF level (module) | 6 |
| Available as distance learning? | No |
| Origin date | 2001 |
| Last revision date | 20/03/2018 |