Module ACCT2071: Financial Management

Department: Accounting

ACCT2071: Financial Management

Prerequisites

• None

Corequisites

• None

Excluded Combination of Modules

• None

Aims

• Accountants need to understand how businesses operate and how accounting and finance functions support businesses in achieving their objectives.
• This module aims to enable students understand how, as accountants, they would support a business and its advisors to consider relevant options for financing a business, recognise and manage financial risks and make appropriate investment decisions.

Content

• The module covers and assesses both techniques and knowledge in three core blocks:
• Investment decisions
• Financing decisions
• Risk management decisions

Learning Outcomes

• On completion of this module students should be able to:
• Recommend relevant options for financing a business
• Recognise and manage financial risks
• Make appropriate investment decisions
• Resolve ethical dilemmas

• On completion of this module students should be able to:
• Identify capital requirements of businesses, assess financing options and recommend relevant methods of financing
• Identify the financial risks facing a business and the principal methods of managing those risks
• Apply appropriate investment appraisal techniques, taking into account other factors affecting investment decisions
• Understand the implications of financial strategy for all stakeholders, and resolve ethical dilemmas

• develop a range of generic transferable skills relating to research
• acquire appropriate skills for synthesis of data
• show critical thinking and creativity
• apply professional scepticism
• develop problem solving skills
• apply numerical, information and IT skills at an appropriate advanced level

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

• Learning will be based on knowledge transfer from workshops and independent study; workshop activities and discussions provide the technical understanding of the main financial management techniques.
• The summative timed, invigilated examinations will assess students’ understanding of the main financial management theories and technical mechanisms through problem solving and reflection on learning.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

Practice test

■ 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