Module Details

Module Code: ACCT7007
Title: Business Finance
Long Title: Business Finance
NFQ Level: Intermediate
Valid From: Semester 1 - 2021/22 ( September 2021 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 5 programme(s)
Module Description: This module studies fundamental concepts underlying financial management,including how a business is financially structured and how to plan financially for business profitability.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Discuss how finance is an integral part of business
LO2 Describe how financial statements are analysed for making decisions
LO3 Discuss business cash-flow and profitability
LO4 Calculate the various costs associated with business
LO5 Identify the main sources of credit and how business is financially structured
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
Overview of Financial Management
An overview of finance, financial statements and cash flow. Financial statement analysis.
Costing
Basic costing, fixed and variable costs, marginal costing, standard costing, terminology. Calculating service department charge out rates.
Break-Even Analysis
Compilation and interpretation of break-even charts, limitations of charts, determining break-even by calculation.
Cash Forecasting
Cash flow forecasts, compilation and interpretation.
Profitability
Theory of profit, departmental profitability, profit maximisation, profit planning and graphs, profit measurements.
Business Financial Planning
Sources of short term and long term finance, principles of financial control. Financial restructuring, banking principles and practice, working capital, liquidity, inventory and credit management, creating of business plan, insurance, funding business expansion.
Module Content & Assessment
Assessment Breakdown%
Coursework30.00%
End of Module Formal Examination70.00%

Assessments

Coursework
Assessment Type Short Answer Questions % of Total Mark 30
Timing Week 8 Learning Outcomes 1,2,3
Assessment Description
Financial Calculations
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
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 Formal class lecture Every Week 4.00 4
Independent & Directed Learning (Non-contact) Non Contact Self-directed study Every Week 3.00 3
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Formal class lecture Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Self-directed study 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
  • P. Atrill & E. McLaney. (2019), Accounting and Finance for Non-Specialists, 11th. Pearson, UK, [ISBN: 9781292244013].
  • P. Atrill & E. McLaney. (2018), Accounting and Finance and Introduction, 9th. Pearson, UK, [ISBN: 9781292204482].
Supplementary Book Resources
  • P. Atrill & E. McLaney. (2019), Financial Accounting for Decision Makers, 9th. Pearson, UK, [ISBN: 9781292251257].
This module does not have any article/paper resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BHRMN_8 Bachelor of Arts (Honours) in Human Resource Management 8 Mandatory
CR_EABMT_8 Bachelor of Science (Hons) in Automotive Business Management and Technology 5 Mandatory
CR_TTMGT_7 Bachelor of Science in Automotive Technology and Management 5 Mandatory
CR_ECTWB_7 Bachelor of Science in Craft Technology (Wood) with Business 5 Mandatory
CR_BENBU_7 Certificate in Entrepreneurship & Business 2 Mandatory