Financial and Business Data Analysis

Module description

This module introduces the concepts and associated tools that are fundamental to the analysis of organisations through their financial statements, management reports and operationally derived data.  The module has been designed to reflect a managerial approach to business analysis and evaluation. The main focus of the module is to integrate key concepts of finance, accounting and data analysis to effectively evaluate business performance with the aim of informing operational practice and business strategy 

Full module specification

Module title:Financial and Business Data Analysis
Module code:BEMM112DA
Module level:M
Academic year:2020/1
Module lecturers:
  • Mr Michael Mathews - Convenor
Module credit:30
ECTS value:

15

Pre-requisites:

None

Co-requisites:

None

Duration of module: Duration (weeks) - term 2:

11

Module aims

The general aim of this module is to enable you become sophisticated user of financial reporting information from a fundamental analysis perspective.  

Skills Acquisition: You will develop several transferable skills related to business and financial analysis, including:  interpretation of financial and operational data and management reports; confidence in understanding and evaluating organisations profit drivers, major risks, sustainable performance and forecasting. 

Research in Teaching: The module builds on recent management research within the finance and accounting and management disciplines to define decision making tools and theories. 

The module is supported by a series of webinars, videos, group forums, learning logs, online reading material, and facilitated online group sessions will be offered in addition to a masterclass.  

The aim of the module is to enable you to  

  • Develop a sound working knowledge of accounting practices, management accountingfinance and data management and analytics. 

  • Record and analyse financial transactions and gather and interpret data 

  • Evaluate the scope of financial reporting 

  • Interpret and discuss accounting information and operationally derived data 

  • Analyse accounting information and business to support management decision-making and business development.

ILO: Module-specific skills

  • 1. Understand financial strategies including scenarios, modelling and identifying trends; application of economic theory to decision-making, and how to evaluate financial and non-financial information
  • 2. evaluate competitive strategies in a global context and critique the effectiveness of decision making and the usefulness of data to implement and manage sustainable growth and change;
  • 3. evaluate financial and non-financial information in the preparation of strategic proposals and uses financial data to allocate resources;
  • 4. evaluate the role of economics in managerial decision-making and analyse how markets function and how firms generate income.

ILO: Discipline-specific skills

  • 5. understand financial governance and legal requirements.

ILO: Personal and key skills

  • 6. oversee financial strategies/management, results and setting organisational budgets, and challenges financial assumptions underpinning strategies;
  • 7. use own analysis to challenge presented financial data and assumptions;
  • 8. demonstrate a capacity to critically engage with a variety of tools and models to determine appropriate decision making processes;
  • 9. undertake research and critically analyse and integrate complex information;
  • 10. be accountable for decisions based on relevant information e.g. Key Performance Indicators/scorecard.

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
206940

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning and Teaching Activity28Faculty-led workshops and seminars
Scheduled Learning and Teaching Activity4Webinars: Online action learning set facilitated by module lead.
Guided Independent Study 94Professional development through online learning activities. Reading, case studies, professional practise forums, MCQs, blogs and formative assessment tasks
Professional Development172Time in employment

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Completing weekly tests, quizzes and readingsMultiple items, each no more than 30 minutes1-6Interactive and imbedded in a task

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
10000

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Assessment 1 - Gather and analyse financial and operational data to produce current business position statement- Key principles of subject/field402,000 words1-10Written
Assessment 2 - Construct medium and long-term business strategy based on data analysis. Identify how selective number (2-4) of these key principles work in your organisation605,500 words1-10Written

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Assessment 1 – Business position statement Business position statement (2,000 words, 40%) 1-10August/September Reassessment Period
Assessment 2 – Long-term business strategyLong-term business strategy (5,500 words, 60%)1-10August/September Reassessment Period

Re-assessment notes

All passed components of the module will be rolled forward and will not be reassessed in the event of module failure.

Defer – as first time

Refer – capped at 50%

Syllabus plan

The following theories and concepts will be taught throughout the module:

  • Individual perspectives: overview of essential data gathering processes, accounting, statements of financial position, income statements, cash flows and costings.
  • Organisational perspectives: business organisations and business development, analysis of financial and operational data, producing and assessing budgets based on financial and operational data to support organisational objectives, taking into account financial constraints and achievement of targets, legal requirements and accounting conventions.
  • Societal perspectives: Gather, evaluate and present data to provide structure and clarity in ethical and non-intrusive way.  

Work-based learning component

The module includes a significant work-based learning component that feeds into the end of Year 1 project. The participants will be able to reflect on their progress in relation to their financial strategic plan developed as part of their Year 1 situational analysis project.

Indicative learning resources - Basic reading

Sangster. A. (2016) Frank Wood’s Business Accounting, 13th Edition, Pearson

Module has an active ELE page?

Yes

Indicative learning resources - Web based and electronic resources

A variety of electronic reading materials will be provided on ELE – College to provide hyperlink to appropriate pages 

Web based and electronic resources:  

CMI - Management Direct - an online management resource portal. Management Direct allows managers at any level to learn, research and think. It offers fast, 24-hour access to the latest digital content to help overcome hundreds of managerial challenges from absence to performance to change: 5 minute, 20 minute and extended briefings; Creative tools for problem solving; Hundreds of checklists and interactive scenarios to aid self-directed learning; Self-Assessments and automatic CPD recording/reporting; Document templates and best practice guides.

 

Origin date

04/04/2018

Last revision date

25/03/2020