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Financial Management

Full module specification

Module title:Financial Management
Module code:EXE2101
Module level:2
Academic year:2021/2
Module lecturers:
Module credit:20
ECTS value:

Managing Financial Resources, Quantitative Techniques or level 1 equivalent

Duration of module:

Module aims

This module further develops and broadens the numerical and financial skills and knowledge acquired in the level 1 HND Finance and Quantitative Techniques modules. In addition, it will enable students to learn how to manage finance and apply quantitative decision-making techniques.

ILO: Module-specific skills

  • 1. Explain the concept and measurement of cost within business organisations
  • 2. Prepare and monitor budgets and cash flow forecasts for an organisation
  • 3. Analyse the functioning of an organisation’s financial systems
  • 4. Understand the nature of financial statements for a variety of different organisations

ILO: Discipline-specific skills

  • 5. Demonstrate an understanding of the financial structure of businesses through the application of numerical and financial techniques
  • 6. Apply quantitative techniques to business situations
  • 7. Use appropriate software to model statistical problems and conduct analysis of primary data

ILO: Personal and key skills

  • 8. Evaluate their own strengths and weaknesses
  • 9. Manage their own learning
  • 10. Communicate effectively in a variety of formats
  • 11. Use numerical skills to solve statistical and financial problems
  • 12. Use information technology
  • 13. Make decisions

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
End of module examination602 hours
Coursework (4 written assignments worth 10% each)40

Syllabus plan

  • Types of cost and costing systems
  • The budgeting process
  • Types of budgets and the preparation of different budgets
  • Cost control, budget monitoring and variance analysis
  • Financial statements
  • Investment appraisal techniques
  • Linear programming
  • Decision trees
  • Hypothesis testing

Indicative learning resources - Basic reading

Bedward, D (1999) Quantitative Methods — A Business Perspective 1st Edition, Butterworth Heinemann

Brammer, J and Penning, A (2001) Managing Costs and Resources, Osborne Books

Cox, D and Street, D (2001) Financial Statements Tutorial, Osborne Books

Curwin and Slater (2001) Quantitative Methods for Business Decisions 5th Edition, Chapman Hall

Drury C, (2004) Management and Cost Accounting, 6th Edition, Thomson Learning

Drury C, (2005) Management Accounting for Business, 3rd Edition, Thomson Learning

Dyson, J R (2003) Accounting for Non-Accounting Students, Pitman

Giles R S & Capel J W, (1991) Finance and Accounting, Macmillan

Jones, M (2002) Accounting for Non-Specialists, Wiley

Lucey T, (2002) Costing, 6th edition, Thomson Learning

Lucey T, (2003) Management Accounting, 5th edition, Thomson Learning

Swift, L and Piff, S (2004) Quantitative Methods for Business, Management and Finance 2nd edition, Palgrave

Morris C, (2002) Quantitative Approaches in Business Studies, 6th edition, FT/Prentice Hall

Module has an active ELE page?


Indicative learning resources - Web based and electronic resources


Financial Times

Management Accounting


Accountancy Age


Last revision date