Module
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: | |
| Pre-requisites: | Managing Financial Resources, Quantitative Techniques or level 1 equivalent |
| Co-requisites: | |
| 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 organisations 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)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 50 | 50 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| End of module examination | 60 | 2 hours | ||
| Coursework (4 written assignments worth 10% each) | 40 | |||
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 0 |
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?
Yes
Indicative learning resources - Web based and electronic resources
Journals/Articles:
Financial Times
Management Accounting
Accountancy
Accountancy Age
Websites:
www.accountingtechnician.co.uk
www.bankofengland.co.uk/mfsd/index.htm
www.statsoft.com/textbook/stathome.html
Last revision date
06/01/2022