Financial Management

Module title	Financial Management
Module code	EXE2101
Academic year	2021/2
Credits	20
Module staff

Module aims - intentions of the module

This module further develops and broadens the numerical and financial skills and knowledge acquired in the level 1 HND Finance and Quantitative Techniques modules. In addition, it will enable students to learn how to manage finance and apply quantitative decision-making techniques.

Intended Learning Outcomes (ILOs)

ILO: Module-specific skills

On successfully completing the module you will be able to...

1. Explain the concept and measurement of cost within business organisations
2. Prepare and monitor budgets and cash flow forecasts for an organisation
3. Analyse the functioning of an organisations financial systems
4. Understand the nature of financial statements for a variety of different organisations

ILO: Discipline-specific skills

On successfully completing the module you will be able to...

5. Demonstrate an understanding of the financial structure of businesses through the application of numerical and financial techniques
6. Apply quantitative techniques to business situations
7. Use appropriate software to model statistical problems and conduct analysis of primary data

ILO: Personal and key skills

On successfully completing the module you will be able to...

8. Evaluate their own strengths and weaknesses
9. Manage their own learning
10. Communicate effectively in a variety of formats
11. Use numerical skills to solve statistical and financial problems
12. Use information technology
13. Make decisions

Syllabus plan

Types of cost and costing systems
The budgeting process
Types of budgets and the preparation of different budgets
Cost control, budget monitoring and variance analysis
Financial statements
Investment appraisal techniques
Linear programming
Decision trees
Hypothesis testing

Summative assessment (% of credit)

Coursework	Written exams	Practical exams
50	50	0

Details of summative assessment

Form of assessment	% of credit	Size of the assessment (eg length / duration)
End of module examination	60	2 hours
Coursework (4 written assignments worth 10% each)	40
	0
	0
	0
	0

Indicative learning resources - Basic reading

Bedward, D (1999) Quantitative Methods — A Business Perspective 1^st Edition, Butterworth Heinemann

Brammer, J and Penning, A (2001) Managing Costs and Resources, Osborne Books

Cox, D and Street, D (2001) Financial Statements Tutorial, Osborne Books

Curwin and Slater (2001) Quantitative Methods for Business Decisions 5^th Edition, Chapman Hall

Drury C, (2004) Management and Cost Accounting, 6^th Edition, Thomson Learning

Drury C, (2005) Management Accounting for Business, 3^rd Edition, Thomson Learning

Dyson, J R (2003) Accounting for Non-Accounting Students, Pitman

Giles R S & Capel J W, (1991) Finance and Accounting, Macmillan

Jones, M (2002) Accounting for Non-Specialists, Wiley

Lucey T, (2002) Costing, 6^th edition, Thomson Learning

Lucey T, (2003) Management Accounting, 5^th edition, Thomson Learning

Swift, L and Piff, S (2004) Quantitative Methods for Business, Management and Finance 2^nd edition, Palgrave

Morris C, (2002) Quantitative Approaches in Business Studies, 6^th edition, FT/Prentice Hall

Indicative learning resources - Web based and electronic resources

Journals/Articles:

Financial Times

Management Accounting

Accountancy

Accountancy Age

Websites:

www.4pm.com/repository.htm

www.aat.co.uk

www.accountancystudents.co.uk

www.accountingtechnician.co.uk

www.asb.org.uk

www.bankofengland.co.uk/mfsd/index.htm

www.statistics.gov.uk

www.statsoft.com/textbook/stathome.html

www.upmystreet.co.uk

Credit value	20
Module pre-requisites	Managing Financial Resources, Quantitative Techniques or level 1 equivalent
NQF level (module)	5
Available as distance learning?	No
Last revision date	06/01/2022