Module Details

Module Code: MGMT7027
Title: Managerial Finance
Long Title: Managerial Finance
NFQ Level: Intermediate
Valid From: Semester 1 - 2016/17 ( September 2016 )
Duration: 1 Semester
Credits: 5
Field of Study: 3450 - Business & Management
Module Delivered in: 1 programme(s)
Module Description: This module enables the student to appreciate the role of, and to perform the basic technical functions carried out by the Finance Manager.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Explain the role of the Management Accountant.
LO2 Evaluate customer/product profitability using an activity based costing methodology.
LO3 Explain the objectives of budgeting and prepare functional and cash budgets.
LO4 Make pricing decisions including a target costing approach.
LO5 Explain cost behaviours. Calculate, interpret and explain cost volume profit metrics including break even points and margin of safety.
LO6 Advise on costs and revenues relevant to financial decision making.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 
Indicative Content
Role Of Management Acountant
Role and Responsibilities, Management Accountant Vs Financial Accountant
Customer/Product Profitability Analysis
Determine costs using activity based costing principles.
Budgeting
Objectives, behavioural aspects, budget setting methodologies, preparation of functional and cash budgets
Pricing, Target Costing
Advise on cost plus pricing and apply a target costing approach to pricing.
Decision Making
Make or Buy, Closure, Relevant Costing
Cost Volume Profit Analysis
Cost Behaviours, Break Even Points, Margin Of Safety.
Module Content & Assessment
Assessment Breakdown%
Coursework30.00%
End of Module Formal Examination70.00%

Assessments

Coursework
Assessment Type Other % of Total Mark 30
Timing Week 9 Learning Outcomes 1,2,5
Assessment Description
One hour closed book examination
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
Timing End-of-Semester Learning Outcomes 1,2,3,4,5,6
Assessment Description
End of Module Formal Exam
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Formal Lecture Every Week 3.00 3
Independent & Directed Learning (Non-contact) Non Contact Self Study and Reading Every Week 4.00 4
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Formal Lecture Every Week 1.50 1.5
Tutorial Contact Student Led Tutorial Every Week 0.50 0.5
Independent & Directed Learning (Non-contact) Non Contact Self Study and Readings Every Week 5.00 5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Peter Clarke. (2010), Managerial Accounting, 2nd. 16, Chartered Accountants Ireland, 47-49, Pearse Street, Dublin 2, p.787, [ISBN: 9781907214240].
Supplementary Book Resources
  • Colin Drury. (2015), Management and Cost Accounting, 9th. 25, Cengage Learning, p.816, [ISBN: 9781861529053].
This module does not have any article/paper resources
Other Resources
  • Website, Chartered Association of Certified Accountants,
    http://www.accaglobal.ie
  • Website, Chartered Institute of Management Accountants,
    http://www.cimaglobal.ie
  • Journal, Accountancy Age.
  • Journal, Business and Finance.
  • Newspaper, Financial Times.
  • website, Institute of Certified Public Accountants. www.cpaireland.ie.
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BMNGT_7 Bachelor of Business in Management 3 Mandatory