| Module Code: MANM069 |
Module Title: FINANCIAL MANAGEMENT |
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Module Provider: School of Management
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Short Name: MBA4
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Previous Short Name: MBA4
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Level: M
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Module Co-ordinator: SULLIVAN K Mr (SoM)
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Number of credits: 15
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Number of ECTS credits: 7.5
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| Module Availability |
Autumn |
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| Assessment Pattern |
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Unit(s) of Assessment
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Weighting Towards Module Mark (%)
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Case Book
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60
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Integrated Case Study
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20
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Action Learning and Simulation
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20
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Assignement
Part of this module is assessed on the construction of a case book of assignment questions, case studies and stimulations which will involve the demonstration and knowledge of qualitive and quantitative aspects of the financial management course. Students are expected to display an understanding of financial theories and how they may be used for decision making. Evidence of reading beyond the core texts is encouraged. Answers will be graded on their appropriateness, depth and creativity of content.
Examination
The examination is in the form of a case assessment which integrates with the other core modules in the programme. It is anticpated that financial aspects of these case studies will demonstrate the development of analytical abilities, using conepts derived from the financial management syllabus, directed towards business problem-solving in an international environment. |
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| Module Overview |
| The enhancement of quantative skills are a core element of an MBA. This course is designed to develope the students' understanding of how financial information is used in an analytical manner within a business environment. It relates to the use of financial data in control and planning, in decision making and strategic application of funds. |
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| Prerequisites/Co-requisites |
None |
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| Module Aims |
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Encourage the ability to think across management disciplines and to appreciate the significance of fiscal implications of decisions
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Provide students, with the conceptual foundations for understanding, analysing and interpreting financial information
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Enable students to apply accounting principles and financial theory to decision making in modern business organisations
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| Learning Outcomes |
On successful completion of this module the students will be able to:
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Number
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Outcome type
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Outcome
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1
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Knowledge and Understanding
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Understand the content and purpose of financial statements, their interpretation and their limitations
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2
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Professional and Practical Skills
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Evaluate the current performance of an organisation and its future sustainability from their corporate reporting.
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3
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Knowledge &
Understanding
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Understand the basic principals and models of cost accounting and how they may be applied.
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4
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Professional & pactical skills
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Use the cost concepts required for decision making in management accounting
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5
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Intellectual & cognative skills
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Understand of the link between corporate strategy and value creation
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6
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Professional & practical skills
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Use valuation skills and metrics in capital budgeting
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7
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Knowledge & understranding
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Understand the principles of Corporate Finance
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8
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Intellectual & cognative skills
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Appraise the theories of investment.
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9
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Intellectual & cognative skills
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Recognise the strategic implications of financial decision making
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10
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Transferable skills
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Internet-based & electronic library research skills.
Computing skills (e.g. Excel, Word, PowerPoint and Microsoft Project) Presentational skills.
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| Module Content |
- The accounting environment, governance and standards
- Introduction to financial accounting, Profit and loss account, Balance sheet, Cash flow statement
- Financial Analysis, Trend and Ratio Analysis
- Introduction to Management Accounting
- Absorption costing
- Marginal costing
- Alternative Costing systems
- Budgetary planning systems
- Standard Costing
- Working Capital Management
- Risk and Return
- Capital Budgeting
- DCF, NPV, IRR, MIRR
- Valuation: Application to Shares and Bonds
- Captial Formation: Markets and Securities
- Structure of capital market, Capital market efficiency, Cost of Capital
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| Methods of Teaching/Learning |
The teaching and learning methods include:
U-Learn
U-Learn is used to support and facilitate the student experience and includes activities that allow students to test their knowledge and understanding of the theories and concepts applied in the financial management context
Lectures/seminars/workshops
Lectures are used to introduce, compare, contrast and contextualise theories and concepts. Their primary aim is to improve student understanding and knowledge. Students acquire their professional and practical skills and intellectual and cognitive skills through a menu of delivery modes.
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. |
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| Selected Texts/Journals |
Core Texts
There are two core text books for Financial Management modules:
Dyson, J R (2004) Accounting for Non-Accounting Students, 5th edition, Pitman Publishing
Denzil Watson and Anthony Head (2004) Corporate Finance, Principles and Practice, 3rd edition, Prentice Hall
Supplementary Texts
Pendlebury, M. and Groves, R. (2001) Company Accounts: Analysis, Interpretation and Understanding, 5th edition, International Thomson Business Press
Besley, S. and Brigham, E.F. (2000) Essentials of Managerial Finance, 12th edition, The Dryden Press
Holmes Sugden and Gee (2004), Interpreting Company Reports and Accounts, 9th edition, Pearson Education Ltd
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.
Journals
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 |
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| Last Updated |
08.04.2008 |
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