Financial Management

Module title	Financial Management
Module code	INT3605B
Academic year	2020/1
Credits	15
Module staff	Areeya Srisai (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
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

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; cost for decision making; budgeting; principles of capital investments decisions.

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
40	110	0

Details of learning activities and teaching methods

Category	Hours of study time	Description
Scheduled Learning and Teaching Activities (Synchronous)	10	Lecture video will be available online on major theories required to be applied to the case study
Scheduled Learning and Teaching Activities (synchronous)	10	Class discussion and seminar/Tutorials
Scheduled Learning and Teaching Activities (synchronous)	10	Study Clinic
E-Learning (asynchronous)	10	Online learning (myaccountinglab)
Guided Independent Study	30	In-house workbook
Guided Independent Study	30	Directed homework
Guided Independent Study	50	Self-Study

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, 3-6	On line answers
Online Examination (50% cold question/50% based on background information given out in advance	70	6 hours	1-6	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

Deferral– if you miss an assessment for reasons judged legitimate by the Mitigation Committee, the applicable assessment will normally be deferred. See ‘Details of reassessment’ for the form that assessment usually takes. When deferral occurs there is ordinarily no change to the overall weighting of that assessment.

Referral– if you have failed the module overall (i.e. a final overall module mark of less than 40%) you will be required to take a re-sit exam and re-submission. Only your performance in this exam will count towards your final module grade. A grade of 40% will be awarded if the examination is passed.

Resources

Indicative learning resources - Basic reading

Core text:

Atrill, P. & McLaney, E. (2013). Accounting and Finance for Non-Specialists 8^th 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.

Key words search

Financial statements, finance, management accounting

Credit value	15
Module ECTS	7.5
Module pre-requisites	None
Module co-requisites	None
NQF level (module)	6
Available as distance learning?	Yes
Origin date	2001
Last revision date	30/07/2020