Durham University
Programme and Module Handbook

Postgraduate Programme and Module Handbook 2007-2008 (archived)


Department: Economics, Finance and Business (Business)


Type Tied Level 4 Credits 15 Availability Available in 2007/08 Module Cap
Tied to N1KE12
Tied to N2KE12
Tied to N2KF12


  • None


  • None

Excluded Combination of Modules

  • Economic Policy and Markets: BUSI4ZM15


  • To provide students with the opportunity to study some key topics in financial management and accounting at an advanced level.


  • Strategy, finance and the business functions; role and purpose of the finance function; nature of financial management and accounting; profit and profitability; nature and behaviour of costs; viability and profitability; contributions; breakeven; operational gearing/risk.
  • Liquidity; cash flow forecastings; variance analysis; sensitivities; solvency; investment decisions; discounting; payback; discounted payback; ITT; profitability index.
  • Financial efficiency; capital structure; debt v equity; financial gearing; dividend policy; lease or buy decisions; key ratios; investment appraisal; mergers and acquisitions.

Learning Outcomes

Subject-specific Knowledge:
  • Have a critical understanding of financial management and accounting and their relevance to organisational effectiveness;
  • Have a critical appreciation of the key principles and scope of financial management and accounting both to their own and other organisational accounts;
Subject-specific Skills:
  • Be able to apply some key tools and techniques associated with financial management and accounting.
Key Skills:
    Written communication; planning, organising and time management; problem solving and analysis; using initiative; computer literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • The learning outcomes will be met through a combination of lectures, seminars, facilitated discussion sessions and guided reading. Extensive use will be made of case studies and business simulations. All sessions have a high participation element, and an emphasis on action-learning.
  • Assessment of this module is by summative assignment, designed to: test the acquisition and articulation of knowledge; test conceptual understanding and skills of application and interpretation within the business context.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 3 Daily 2 hours 6
Seminars 3 Daily 3 hours 9
Practicals 3 Daily 1 hours 3
Preparation & Reading 132
Total 150

Summative Assessment

Component: Individual written assignment Component Weighting: 100%
Element Length / duration Element Weighting Resit Opportunity
Individual written assignment 3,000 words (Max.). 100%

Formative Assessment:

Feedback on group and individual activities undertaken during contact hours. Feedback on learning set reflections and action points related to this module.

Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University