Study information

Finance for Engineers - 2023 entry

MODULE TITLEFinance for Engineers CREDIT VALUE15
MODULE CODEENGM035 MODULE CONVENERMr Charlie Statham (Coordinator)
DURATION: TERM 1 2 3
DURATION: WEEKS 11 0 0
Number of Students Taking Module (anticipated) 20
DESCRIPTION - summary of the module content

This module aims to convey to you the core concepts of modern finance, applicable to large engineering companies and equip you with the basic tools underlying contemporary financial management.  The course provides a solid foundation in selected areas of financial economics: asset pricing and corporate finance.  After introducing the concept of Time Value of Money we cover the valuation of bonds or fixed-income securities and equities.  The course then moves to portfolio theory and the capital asset pricing model. Finally, it turns to capital budgeting techniques and concludes with an overview of the efficient market hypothesis. If time permits, issues related to capital structure and dividend policy may be covered.

AIMS - intentions of the module

This module aims to provide the skills and knowledge to allow a strong understanding of accounting, financial management, budgeting and analysis techniques, in the context of engineering projects.  You will be able to select and then use the appropriate financial analysis techniques to assist you in the management of projects.

INTENDED LEARNING OUTCOMES (ILOs) (see assessment section below for how ILOs will be assessed)

On successful completion of this module you should be able to:

Module Specific Skills and Knowledge

1. Apply a comprehensive knowledge of mathematics, statistics, natural science and engineering principles to the solution of complex problems;
2. Formulate and analyze complex problems to reach substantiated conclusions;
3. Evaluate available data using first principles of mathematics, statistics, natural science and engineering principles;
4. Select and critically evaluate technical literature and other sources of information to solve complex problems.

Discipline Specific Skills and Knowledge

5. Consideration of applicable health & safety, diversity, inclusion, cultural, societal, environmental and commercial matters, codes of practice and industry standards;
6. Evaluate the environmental and societal impact of solutions to complex problems (to include the entire life-cycle of a product or process) and minimize adverse impacts;
7. Identify and analyze ethical concerns and make reasoned ethical choices informed by professional codes of conduct;
8. Use a risk management process to identify, evaluate and mitigate risks (the effects of uncertainty) associated with a particular project or activity;
9. Discuss the role of quality management systems and continuous improvement in the context of complex problems.

Personal and Key Transferable / Employment Skills and Knowledge

10. Apply knowledge of engineering management principles, commercial context, project and change management, and relevant legal matters including intellectual property rights;
11. Communicate effectively on complex engineering matters with technical and non-technical audiences, evaluating the effectiveness of the methods used.

 

SYLLABUS PLAN - summary of the structure and academic content of the module
Whilst the precise content may vary from year to year, it is envisaged that the syllabus will cover all or some of the following topics:
  • Accounting and Financial Management
  • Accounting Regulation
  • Investment Analysis and Valuation
  • Capital Budgeting Techniques
  • Annual Report
  • Bonds / Securities / Stocks
  • Rate of Return
  • Statements
  • Future Values
  • Ratio Analysis
  • Cash Flow Accrual Ratios
 
LEARNING AND TEACHING
LEARNING ACTIVITIES AND TEACHING METHODS (given in hours of study time)
Scheduled Learning & Teaching Activities 44 Guided Independent Study 106 Placement / Study Abroad 0
DETAILS OF LEARNING ACTIVITIES AND TEACHING METHODS
Category Hours of study time Description
Scheduled Learning and Teaching Activities 22 Lectures (11 x 2 hours)
Scheduled Learning and Teaching Activities 22 Workshops (11 x 2 hours)
Guided independent study 28 Research and wider reading
Guided independent study 28 Preparation for workshops
Guided independent study 50 Module assessments

 

ASSESSMENT
FORMATIVE ASSESSMENT - for feedback and development purposes; does not count towards module grade
Form of Assessment Size of Assessment (e.g. duration/length) ILOs Assessed Feedback Method
Worksheets during workshop sessions   1-11 Answer sheets

 

SUMMATIVE ASSESSMENT (% of credit)
Coursework 100 Written Exams 0 Practical Exams 0
DETAILS OF SUMMATIVE ASSESSMENT
Form of Assessment % of Credit Size of Assessment (e.g. duration/length) ILOs Assessed Feedback Method
Accounting Project 50 10 pages of A4 1-11 Written
Financial Project 50 10 pages of A4 1-11 Written

 

DETAILS OF RE-ASSESSMENT (where required by referral or deferral)
Original Form of Assessment Form of Re-assessment ILOs Re-assessed Time Scale for Re-assessment
Accounting Project Accounting Project (10 pages of A4) 1-11 Referral/deferral period
Financial Project Financial Project (10 pages of A4) 1-11 Referral/deferral period

 

RE-ASSESSMENT NOTES

Deferral – if you have been deferred for any assessment you will be expected to submit the relevant assessment. The mark given for a re-assessment taken as a result of deferral will not be capped and will be treated as it would be if it were your first attempt at the assessment.

Referral – if you have failed the module overall (i.e. a final overall module mark of less than 50%) you will be expected to submit the relevant assessment. The mark given for a re-assessment taken as a result of referral will be capped at 50%.

Where there are practical reasons why the original form of assessment on a module cannot be replicated for referral or deferral purposes, an alternative form of assessment must be used. Examples of when this approach is justified include where the original assessment relied on fieldwork, group work, access to specialist equipment, or input from visiting staff; or where the process of assessment throughout the module was intricate, involving many assessments. The method of reassessment should address as many of the module’s intended learning outcomes as is possible.

RESOURCES
INDICATIVE LEARNING RESOURCES - The following list is offered as an indication of the type & level of
information that you are expected to consult. Further guidance will be provided by the Module Convener

Basic reading:

Financial Management for decision makers, Peter Atrill, ISBN-13: 9781292311456.

Reading list for this module:

There are currently no reading list entries found for this module.

CREDIT VALUE 15 ECTS VALUE 7.5
PRE-REQUISITE MODULES None
CO-REQUISITE MODULES None
NQF LEVEL (FHEQ) 7 AVAILABLE AS DISTANCE LEARNING No
ORIGIN DATE Monday 14th November 2022 LAST REVISION DATE Thursday 27th July 2023
KEY WORDS SEARCH Accounts, Accounting, Finances, Financial Management, Investment, Budgeting, Cash Flow

Please note that all modules are subject to change, please get in touch if you have any questions about this module.