ACCT07020 2022 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
2022 - Full Academic Year 2022-23
End Term
9999 - The End of Time
Author(s)
Caroline McNulty, John Gaynor, Riona Lyons, Maria Scanlon, Kerry Dolan, Aileen Brennan
Programme Membership
SG_BSPOR_H08 202200 Bachelor of Business (Honours) in Sport with Business SG_BAPPL_B07 202200 Bachelor of Business in Applied Sport with Business SG_BMKTG_B07 202200 Bachelor of Business in Marketing SG_BMARK_H08 202200 Bachelor of Business (Honours) in Marketing SG_BBUSI_H08 202200 Bachelor of Business (Honours) in Business SG_BSALE_B07 202200 Bachelor of Business in Marketing and Sales SG_BTEVM_H08 202200 Bachelor of Business (Honours) in Tourism with Event Management SG_BBUSS_B07 202200 Bachelor of Business in General Business SG_BADMN_B07 202200 Bachelor of Business in Business Administration L7 SG_BFINA_H08 202200 Bachelor of Business (Honours) in Finance and Investment SG_BTOUR_H08 202200 Bachelor of Business (Honours) in Tourism with Event Management SG_BINTE_B07 202200 Bachelor of Business in International Tourism with Event Management SG_BTOUR_B07 202200 Bachelor of Business in Tourism with Event Management SG_BTOTR_B07 202200 Bachelor of Business in Tourism with Event Management SG_BTOTR_H08 202200 Bachelor of Business (Honours) in Business in Tourism with Event Management
Description

The student will develop a knowledge and understanding of the financial management methods for analysing 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 in meeting the needs of all stakeholders.

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 and appraise the principle sources of finance available to a business.

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.

This module will be delivered by a number of lecturers. Assessment will be carried out individually by each lecturer. The final exam will be common.

 

Repeat Assessments

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

Indicative Syllabus

L01- Describe the role of the financial manager in an organisation in meeting the needs of all stakeholders.

  • Nature and purpose of accounting.
  • Users of financial reports.
  • Stakeholder needs.
  • Digital technologies

L02- Calculate accounting ratios and prepare a report analysing the financial position and performance of an organisation.

  • Financial ratios including profitability, liquidity and efficiency
  • Create report analysing financial position
  • Limitations of ratio analysis

L03- Identify and apply a range of investment appraisal techniques and interpret the results.

  • Perform calculations for principle appraisal methods (e.g. Payback Period, ARR, NPV, IRR)
  • Advantages/disadvantages 
  • Recommendations where there are competing projects
  • Sustainable projects
  • Post audit review

L04- Discuss the importance of, and prepare calculations in relation to working capital management.

  • Define working capital
  • Manage individual elements of Current Assets and Current Liabilities
  • Calculate operating cash cycle and advise on appropriate levels
  • Indicate how to improve operating cash cycle

L05- Identify and appraise the principle sources of finance available to a business.

  • Distinguish between short, medium and long-term finance
  • Internal and external sources of finance
  • Sustainable finance
  • Debt v equity

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 Continuous Assessment Project, quiz and/or in class test Continuous Assessment Assessment 20 % Week 8 1,2,3
             
             

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 Closed Book Exam 80 % End of Term 1,2,3,4,5
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Independent Learning Not Specified 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

Required Reading
2018-08 Accounting and Finance for Non-specialists Pearson Higher Education
ISBN 1292244011 ISBN-13 9781292244013

The 11th edition of this market-leading text offers an accessible, effective introduction to key accounting and finance topics. With a step-by-step approach and a focus on decision making, Accounting and Finance for Non-Specialists teaches you how to apply your learning to real-world business scenarios.

Module Resources

Non ISBN Literary Resources
Journal Resources
URL Resources
Other Resources

None

Additional Information

None