Module Details

Module Code: ACCT8010
Title: Finance Management
Long Title: Finance Management
NFQ Level: Advanced
Valid From: Semester 2 - 2023/24 ( January 2024 )
Duration: 1 Semester
Credits: 10
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 2 programme(s)
Module Description: This module aims to ensure that learners understand the sources of finance available to organisations operating internationally, performance management processes, and the use of available data. This module also aims to ensure that learners can prepare and interpret financial statements and forecasts, can prepare and review investment appraisals, and can advise on financial decision making including assessments of risk with a focus on organisations operating globally.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Discuss the importance of the financial manager’s role in the modern international organization.
LO2 Evaluate financial statements with a view to advising management on strategic business decisions.
LO3 Appraise proposed capital investments using a range of methodologies in order to advise on their suitability.
LO4 Evaluate how integrating financial risk, ethical considerations, and modern performance management techniques with strategic management can enable an organisation to gain a global competitive advantage.
LO5 Interpret available data to assist in strategic business decision making and integration of financial risk assessment with strategic management using Microsoft Excel and data visualisation.
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 Finance Manager
This section will evaluate the changing role of finance in modern international organizations. It will examine the role of the Finance Manager and the Finance team and interactions between teams for multinational organisations.
Financial Statements
This section will examine the preparation and analysis of Financial Statements. Performing detailed ratio and working capital analysis. Ratio Analysis - Solvency ratios, Profitability ratios, Investment ratios, Gearing ratios, Trend analysis, Limitations of ratios. Working Capital Analysis – Working capital management, working capital definition, Cash Management, Stocks, and Managing Debtors. Types, cost and sources of finance will also be examined.
Project Appraisal including Risk Assessment
This section will explore Investment Appraisal Techniques including the use of these techniques in evaluation of opportunities. Ability to compare and prioritise investment opportunities using techniques such as Payback, Accounting Rate of Return, Net Present Value and Internal Rate of Return.
Data Analysis
This section will address the incorporation of data assessment into business decision making. Utilising data manipulation techniques to collect, present and interpret data. Understanding the process of utilising available data to forecast future outcomes using Microsoft Excel. Analysing data concepts, data collection, sales trends, and data visualisation techniques.
Risk Assessment and Performance Management
This section will analyse the various financial and ethical risks that can affect an international business. Assessing and evaluating financial risks and incorporating risk into business decision making. Evaluating financial risk elements such as foreign currency risk, forward contracts, hedging, and interest rate options. The Balanced Scorecard will be examined to consider management and monitoring of divisional performance, measurement of return on investments made, and incorporation of non-financial measures into overall assessment.
Module Content & Assessment
Assessment Breakdown%
Coursework100.00%

Assessments

Coursework
Assessment Type Project % of Total Mark 40
Timing Week 6 Learning Outcomes 1,2
Assessment Description
For Example: Select a multinational organisation. Describe the role of the Financial Manager and Team in this organisation. Assess the organisation's current financial position using the most recent available financial statements.
Write and present a report to the senior management team of this organisation under these headings.
Assessment Type Written Report % of Total Mark 60
Timing Sem End Learning Outcomes 1,2,3,4,5
Assessment Description
Identify a potential investment opportunity for your chosen organisation. Appraise this investment using available methodologies, suggest funding options, and provide supporting calculations using Microsoft Excel. Assess the financial, ethical, and performance related risks associated with your Investment option.
Write a report to the senior management team detailing your findings and use data visualisation techniques.
No End of Module Formal Examination
Reassessment Requirement
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.

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 Lecture covering course content Every Week 3.00 3
Independent & Directed Learning (Non-contact) Non Contact Study, practice and reading of course material. Every Week 11.00 11
Total Hours 14.00
Total Weekly Learner Workload 14.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Lecture covering course content Every Week 3.00 3
Independent & Directed Learning (Non-contact) Non Contact Study, practice and reading of course material. Every Week 11.00 11
Total Hours 14.00
Total Weekly Learner Workload 14.00
Total Weekly Contact Hours 3.00
 
Module Resources
Recommended Book Resources
  • Peter Atrill. (2019), Financial Management for Decision Makers, Ninth Edition. Pearson Higher Ed, p.735, [ISBN: 9781292311463].
  • Alan Melville. (2019), International Financial Reporting, Seventh Edition. Pearson Higher Ed, p.514, [ISBN: 9781292293134].
  • Anne Marie Ward. Finance, Fourth Edition. [ISBN: 9781912350889].
Supplementary Book Resources
  • Peter Atrill,E. J. McLaney. Accounting and Finance for Non-Specialists, Twelfth Edition. [ISBN: 9781292334691].
  • Colin Drury. Management and Cost Accounting, Ninth Edition. [ISBN: 9781408093948].
  • Thomas Power,Stephen Walsh,Paul O'Meara. (2009), Financial Management, Third Edition. Gill Education, p.656, [ISBN: 9780717145546].
This module does not have any article/paper resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BIBAV_8 Bachelor of Arts (Honours) in International Business with Aviation Studies 8 Mandatory
CR_BGBPS_8 Bachelor of Science (Honours) in Global Business and Pilot Studies 11 Mandatory