Module Details

Module Code: MGMT8031
Title: Financial & Shared Services
Long Title: Financial & Shared Services
NFQ Level: Advanced
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: The aim of this module is to prepare the student for work in a financial shared services organisation. The module will extend skills in financially and strategically appraising the shared services option for companies new to the area. It also aims to develop new skills required by employees working in a financial shared services centre.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Examine shared service operations
LO2 Analyse Ireland's record in Shared Services
LO3 Evaluate best practice in Shared Services
LO4 Assess Financial Processes involved in Financial Shared services
LO5 Appraise Financial Systems as used in Financial Shared Services
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
11226 MGMT8032 Business Analysis & Reporting
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
What are shared Services?
Why have shared service centres become popular? Ireland and Shared service centres - What types are in Ireland (Alliances/partnership/outsourcing). Performance Measurement of Shared Services.
Why Shared Service Centres
What functions are involved, Return on Investment and Capital Investment Appraisal.
Processes involved
Analysis of processes involved in Accounts Payable & Accounts receivable, General ledger, Cash Management.
Financial Planning & Analysis
Flash reports for business units, Budgeting, Treasury management, Compliance.
Busines Objects
Financial Planning & Analysis using Business Objects to query databases and prepare reports.
Module Content & Assessment
Assessment Breakdown%
Coursework50.00%
End of Module Formal Examination50.00%

Assessments

Coursework
Assessment Type Essay % of Total Mark 20
Timing Week 5 Learning Outcomes 1,2
Assessment Description
Sample Topic: Financial Services Industry
Assessment Type Project % of Total Mark 30
Timing Week 11 Learning Outcomes 3,4,5
Assessment Description
Cross Modular Group Project - Shared Services
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 50
Timing End-of-Semester Learning Outcomes 1,2,3,4,5
Assessment Description
End-of-Semester Final Examination
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 Theory and Application Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Study and Assognments Every Week 4.00 4
Lab Contact Computer Lab Every Week 1.00 1
Lecture Contact Theory and Application Every Week 1.00 1
Total Hours 8.00
Total Weekly Learner Workload 8.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lab Contact Compuer Lab Practical Every Week 0.50 0.5
Independent & Directed Learning (Non-contact) Non Contact Self directed student learning Every Week 5.50 5.5
Total Hours 6.00
Total Weekly Learner Workload 6.00
Total Weekly Contact Hours 0.50
 
Module Resources
Recommended Book Resources
  • TOM OLAVI BANGEMANN,. (2005), Shared Services In Finance And Accounting, Gower, [ISBN: 0566086077].
  • Donniel S. Schulman. (1999), Shared Servies, 1st. John Wiley & Sons Inc., New York, [ISBN: 9780471316213].
  • Daniel Melchior. (2008), A Manager's Journey Shared Services, John Wiley & Sons Inc., New York, [ISBN: 9780470146637].
Supplementary Book Resources
  • Bryan Bergeron. (2003), Essentials of shared services, John Wiley & Sons, Hoboken, N.J., [ISBN: 978047125079-1].
  • Hilary Fortes. (2011), Accounting Simplified, 5,8,9,10,11,14,16,20,22, Prentice Hall, [ISBN: 978027373446-8].
Recommended Article/Paper Resources
  • Grimes, Seamus. (2006), Ireland's Emergence as a centre for International traded services, Regional Studies, 40/9, p.p.1041-1054.
  • Mohan, Shane. (2006), How Ireland's Shared Services Centres are adding value, Accountancy Ireland, 38/3, p.p.64-66.
  • Danny Gaffney, Deloitte. (2015), The Evolution of Shared Services, Accountancy Ireland, Vol.47 No.6.
Supplementary Article/Paper Resources
This module does not have any other resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BBADM_8 Bachelor of Business (Honours) in Business Administration 1 Mandatory