FIN08019 2019 Finance for engineers

General Details

Full Title
Finance for engineers
Transcript Title
Finance for engineers
Code
FIN08019
Attendance
N/A %
Subject Area
FIN - Finance
Department
MENG - Mech. and Electronic Eng.
Level
08 - NFQ Level 8
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2019 - Full Academic Year 2019-20
End Term
9999 - The End of Time
Author(s)
Xavier Velay, Declan Sheridan
Programme Membership
SG_EMECH_H08 201900 Bachelor of Engineering (Honours) in Mechanical Engineering SG_EROBO_H08 202000 Bachelor of Engineering (Honours) in Robotics and Automation
Description

Engineers can expect to be involved in making strategic decisions and so will need to be able to understand how financial decisions are made. As engineers move up to management roles they should be able to understand and control the performance of the company and influence the decisions taken.

Learning Outcomes

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

1.

Understand annual and management accounts and interpret balance sheets.

2.

Be able to cost products.

3.

Be able to participate in investment decisions, calculating rate of return, payback periods, and net present value.

4.

Understand how the stock market operates and how decisions taken by management can influence share price.

5.

Formulate a business plan

Teaching and Learning Strategies

This module is planned to be 100% continuous assessment and tied in with the final year project.

There will be classes and then the student will complete some assignments.

If the project was being brought to market, the student will need to have a well developed business plan. During the semester there may be mini reports e.g. on product costing for the project, and determine the rate of return and payback period for the product, leading to a business plan for bringing the product to market. 

Module Assessment Strategies

100% continuous assessment.

If the project was being brought to market, the student will need to have a well developed business plan. During the semester there may be mini reports e.g. on product costing for the project, and determine the rate of return and payback period for the product, leading to a business plan for bringing the product to market. 

Repeat Assessments

Students will have to resubmit the assignments.

Indicative Syllabus

1. Basic book-keeping techniques, profit and loss accounts, balance sheets. 

2. Different techniques for costing products. 

3. How companies make investment decisions, and calculate rate of return, net present value, payback periods, etc.

4. How the stock market works and how companies can attract investors. What does the jargon mean, earnings per share, I.P.O., market capitalisation, equity, etc.

5. Business planning, using all of the above to formulate a business plan for your final year project. 

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
100 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Assignments Continuous Assessment Assignment 100 % OnGoing 1,2,3,4,5
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Flat Classroom Lecture 2 Weekly 2.00
Independent Learning Not Specified Independent Learning 2 Weekly 2.00
Total Full Time Average Weekly Learner Contact Time 2.00 Hours

Online Learning Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Online Online lecture 2.5 Weekly 2.50
Total Online Learning Average Weekly Learner Contact Time 2.50 Hours

Module Resources