ACCT07020 2016 Introduction to Financial Management

General Details

Full Title
Introduction to Financial Management
Transcript Title
Intro to Financial Management
Code
ACCT07020
Attendance
N/A %
Subject Area
ACCT - Accounting
Department
BUS - Business
Level
07 - NFQ Level 7
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Author(s)
Caroline McNulty, John Gaynor, Riona Lyons, Maria Scanlon
Programme Membership
SG_BADMN_J07 201600 Bachelor of Business in Business Administration L7 SG_BADMN_B07 201600 Bachelor of Business in Business Administration L7 SG_BADDO_J07 201600 Bachelor of Business SG_BBUSS_B07 201600 Bachelor of Business in Business L7 SG_BFINA_H08 201600 Bachelor of Business (Honours) in Finance and Investment SG_BEMBE_G07 201600 Bachelor of Business Embedded Award BB L7 in Finance and Investment SG_BEMBE_G07 201600 Bachelor of Business in Embedded award of BB Ab-initio L8 SG_B(ADD_J07 201600 Bachelor of Business in (Add On) L7 SG_BTOUR_H08 201900 Bachelor of Business (Honours) in Business in Tourism with Event Management SG_BTOUR_B07 201900 Bachelor of Business in Business in Tourism with Event Management SG_BMARK_J07 201900 Bachelor of Business in Business in Marketing L7 (Add On) SG_BMKTG_J07 201900 Bachelor of Business in Marketing L7 (Add On) SG_BDIGI_B07 201900 Bachelor of Business in Digital Marketing SG_BSALE_B07 201900 Bachelor of Business in Business in Marketing and Sales SG_BBUSI_H08 201900 Bachelor of Business (Honours) in Business L8 (Ab-initio) SG_BAPPL_B07 201900 Bachelor of Business in Applied Sport with Business SG_BSPOR_H08 201900 Bachelor of Business (Honours) in Sport with Business SG_BADMN_B07 201900 Bachelor of Business in Business Administration L7 SG_BBUSS_B07 201900 Bachelor of Business in Business L7
Description

The student will develop a knowledge and understanding of the financial management methods for analysisng the financial position of a business, accessing appropriate sources of finance and appraising capital investment opportunities.

Learning Outcomes

On completion of this module the learner will/should be able to;

1.

Describe the role of the financial manager in an organisation and explain the concept of shareholder wealth maximisation.

2.

Calculate accounting ratios and prepare a report analysing the financial position and performance of an organisation.

3.

Identify and apply a range of investment appraisal techniques and interpret the results.

4.

Discuss the importance of, and prepare calculations in relation to working capital management.

5.

Identify the principle sources of finance available to a business and appraise the suitability of the different sources in the context of an organisation's financing requirements.

Teaching and Learning Strategies

This module will be delivered through a combination of lectures and practical tutorials.

Module Assessment Strategies

This module will be assessed through a combination of appropriate assessment(s) and exam. Assessments will contain theoretical and numerical parts.

 

Repeat Assessments

Repeat assessments will be developed in accordance with the requirements of the module

Indicative Syllabus

Introduction to financial management - role of finance manager, concept of shareholder wealth maximisation

Nature and purpose of accounting - user groups, types of information, entities, terminology.

Interpretation of financial statements - calculate ratios and prepare report interpreting results and non financial KPIs.

Capital Investment Appraisal - Payback, ARR, NPV and IRR. Project post audit.

Working Capital Management - management of inventory (stock), trade receivables (debtors), trade payables (creditors), and bank.

Financing a Business - characteristics, advantages and disadvantages of the following sources of finance: short term, medium, and long term.

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
20 %
End of Semester / Year Formal Exam
80 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Formative and Summative Assessment Class quizzes, case study, class room discussions, problem solving practice. Formative UNKNOWN - % Any 1,2,3,4,5
2 Continuous Assessment Project or written exam Continuous Assessment UNKNOWN 20 % Week 8 1,2,3,4,5
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Written exam including numerical and/or theoretical questions Final Exam UNKNOWN 80 % End of Term 1,2,3,4,5
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Independent Learning UNKNOWN Personal study time 3 Weekly 3.00
Lecture Flat Classroom Combination of lecture, practice questions and class discussion. 4 Weekly 4.00
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Required & Recommended Book List

Recommended Reading
2012-07-19 Accounting and Finance for Non-Specialists Pearson Education Limited
ISBN 027377803X ISBN-13 9780273778035

Were you looking for the book with access to MyAccountingLab? This product is the book alone, and does NOT come with access to MyAccountingLab. Buy Accounting and Finance for Non-Specialists with MyAccountingLab access card, 8/E, (9780273778165) if you need access to the MyAccountingLab as well, and save money on this brilliant resource. Peter Atrill and Eddie McLaney's Accounting and Finance for Non-specialists is an accessible introduction to accounting and finance for non-major students. Using minimal jargon, the authors introduce topics gradually, examining basic principles and underlying concepts before demonstrating how accounting statements and financial information can be used to improve business decision-making. Reflecting this practical emphasis, the text includes numerous extracts - with commentary - from company reports, survey data and other sources. Need extra support? This title is supported by MyAccountingLab, an online homework and tutorial system which can be used by students for self-directed study or instructors can choose to fully integrate this eLearning technology into the delivery of their course. Students can benefit from access to MyAccountingLabLab by purchasing an alternative 'pack' version of this product called Accounting and Finance for Non-Specialists with MyAccountingLab access card 8e, or online at www.myaccountinglab.com

Module Resources

Other Resources

None

Additional Information

None