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2010/1 Module Catalogue
 Module Code: MANM035 Module Title: FINANCIAL MANAGEMENT
Module Provider: School of Management Short Name: MA201
Level: M Module Co-ordinator: SULLIVAN K Mr (SoM)
Number of credits: 15 Number of ECTS credits: 7.5
Module Availability
Assessment Pattern



Week Set


Week Hand in

Presentation and report 





























Module Overview
Module Aims

·     Encourage the ability to think across management disciplines and to appreciate the significance of fiscal implications of decisions 

·     Provide  students, with the conceptual foundations for understanding, analysing and interpreting financial information

·     Enable students to apply accounting principles to decision making in modern business organisations

Learning Outcomes

On successful completion of this module the students will be able to:

This module enables students to:  



Outcome type








Knowledge and Understanding




Understand the content and purpose of financial statements, their interpretation,their limitations and show  awareness  of the legal and accounting constraints in their production 





Intellectual & cognitive skills


Evaluate the current performance of an organisation and its future sustainability from their corporate reporting





Professional & practical skills


Understand and apply the principles of budgeting and planning and use cost concepts required for decision making.






Professional & practical skills




Comprehend the theoretical basis of investment appraisal techniques and evaluation of the risks involved and use valuation skills and metrics in capital budgeting






Knowledge and Understanding


Identify the sources of finance of a business or other organisation and recognise the key relationships between debt and equity.  



Professional & practical skills


Evaluate different capital structure options available to a business




Knowledge and Understanding


Understand the working capital requirements in companies




Transferable skills


Internet-based & electronic library research skills

 Computing skills (e.g. Excel, Word, PowerPoint and Microsoft Project)

 Presentational skills.  




Module Content

The Financial Environment 
·     Corporate governance 
·     Accounting Standards IFRS 
·     Accounting Principles and Company Reporting 
·     Analysis of the prime financial statements 
·     Basic Cost Management
·     Principles of Budgeting 
·     Capital Budgeting decision making
·     Working capital management
·     Sources and cost of finance
·     Cost of Capital

Methods of Teaching/Learning

Students acquire their professional and practical skills and intellectual and cognitive skills through a menu of delivery modes.  

The following are used to facilitate the Learning Outcomes:  

  • U-Learn 

U-Learn identifies the issues within all topic areas listed in the learning outcomes and directs students to the relevant reading in the set textbooks and journal articles. U-learn also includes activities that allow students to test their knowledge and understanding of the theories and concepts applied in the financial management context. It enables facilitation and interaction with the student body.  

Note: U-Learn is primarily designed for distance learning programmes.  For the full-time or part-time students, this is used as a supplementary learning aid.   

 Seminars and workshops are used to apply theories and concepts to case studies and scenarios and students are encouraged to develop contextually relative thinking and a deeper appreciation of the subject matter.  Students are actively encouraged to work in teams and to present their findings to other students at regular intervals.

Selected Texts/Journals

Core texts  

P Atrill and E. Mc Larney, 4th Edition, (2008) Accounting an Introduction, Prentice Hall FT, London .  

Supplementary Texts  

Davies, T. and Pain, B, (2002) Business Accounting and Finance, McGr aw Hill  
Dyson, J R (2006), Accounting for Non-Accounting Students, 5th edition, Pitman Publishing.   
Howard. M (2008) Accounting and Business Valuation Methods: How to interpret IFRS accounts, CIMA Publishing, Elsevier Oxford*  
Holmes Sugden and Gee (2005), Interpreting Company Reports and Accounts, 9th Edition, Pearson Education Ltd  
Pike R. and Neale B., Corporate Finance and Investment Decisions and Strategies, 5th Edition 2006, Pearson Education Europe
At times you may wish to consult any of the dictionaries of Financial and Economic Terms, as produced by Reuters, Penguin and the Financial Times.


Journal articles relevant to the field of financial management may be accessed using the various Internet services to which SOM subscribes.  Particularly relevant is the information available through EBSCO, Reuters and Bloomberg.  Regular reading of papers such as the Financial Times, The Economist, and the Investor ' s Chronicle, many of which are received in the library or in electronic format, can only be beneficial.






Area to be covered including reading

 MSc Financial M: University of Surrey :Jan09


Learning outcomes achieved






Introduction to Finance  

        ·         The Financial Environment
·         Introduction to financial accounting  
·         Profit and loss account  

        ·         Balance sheet 
·         Cash flow statement 

Atrill and McLarney Chapters1,2,3 &6 (Appendix A)

 1 ,2 &8







Company Accounts II 

·           Company Reports 


 Atrill and McLarney Chapters 4,5, 6 & 15 



 1 ,2 & 8















Analysing Company Accounts

  •  Financial Analysis
  • Ratio analysis

 Atrill and Mc Larney Chapter 7 

 1, 2 & 8









Corporate Governance  

  • Corporate Structure
  • Financial Reporting Standards  

     Atrill and McLarney Chapter,5 









Cost Accounting  

         ·         Introduction to management accounting 
·         Absorption costing 
·         Marginal costing 
·         Alternative Costing systems 
Atrill and McLarney Chapters 8,9,10&11


  3 & 8   






Planning and Control  

         ·         Budgetary planning systems 
·         Standard Costing

 Atrill and McLarney Chapters 12 & 13

3 & 8 








Capital Budgeting and Investment Appraisal  

·         DCF,NPV,IRR,MIRR  

·         Project Cash Flows  

·         Cost of Capital  

Atrill and McLarney Chapter 14

  4, 5, 6& 8








Financing a Business  

Sources of Finance  

Weighted average Cost of Capital 


 Atrill and McLarney Chapters 15 

5,6 & 8








Working Capital Requirement & Financing a Business  

·         Working capital 

Atrill and McLarney Chapters 16  

 5, & 8



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