Module Details

Module Code: ACCT9005
Title: Applied Business Finance
Long Title: Applied Business Finance
NFQ Level: Expert
Valid From: Semester 1 - 2023/24 ( September 2023 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 4 programme(s)
Module Description: To enable students to develop a critical understanding of a variety of roles that finance plays in an organisation. As well as developing an understanding of the principles of financial and management accounting, students will understand the compliance, reporting and controls required to support decisions making in modern, complex, dynamic business environments.

Students will also develop a range of analytical skills to allow them contribute actively to developing, enhancing, supporting and contributing to financial activities that occur in many organisations, including investment appraisal, pricing, budgeting and various financial reporting compliance requirements.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Analyse and interpret financial statements
LO2 Communicate financial priorities to management and communicate how these priorities could be addressed
LO3 Evaluate key elements of financial processes such as forecasting and investment appraisal.
LO4 Critically analyse the financial implications of various business strategies
LO5 Apply and evaluate a variety of financial forecasting techniques such as regression and time series
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
Roles of Financial and Management Accounting, Treasury and Tax
Profit and Loss - Purpose and Structure, Balance Sheet - Purpose and Structure, Cashflow Statement - Purpose and Structure, Profitability and Working Capital considerations, Forecasting and Budgetary Control, Overview of Treasury and Tax functions.
Management Accounting
Compliance, reporting and controls relating to Capital Expenditure (Relevant Costs, NPV, Payback, IRR). P+L and Cashflow forecasting. Company Valuation Considerations (Net Assets, DCF, P/E)
Financial Projections
Forecasting techniques include single and multiple regression and time series
Market Considerations
Company Valuation, P/E, Capital Structure
Module Content & Assessment
Assessment Breakdown%
Coursework100.00%

Assessments

Coursework
Assessment Type Written Report % of Total Mark 40
Timing Week 7 Learning Outcomes 1,2,4
Assessment Description
Evaluate company performance based on publicly quoted financial data
Assessment Type Written Report % of Total Mark 60
Timing Week 12 Learning Outcomes 3,4,5
Assessment Description
Apply relevant forecasting techniques and financial appraising techniques to evaluate an investment.
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 Delivery of content and material underpinning learning outcomes. Every Week 3.00 3
Independent & Directed Learning (Non-contact) Non Contact Student undertakes independent study. 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 Delivery of content and material underpinning learning outcomes. Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Student undertakes independent 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
  • Wiley. Wiley IFRS 2017: Interpretation and Application of IFRS Standards (Wiley Regulatory Reporting), [ISBN: 9781119340225].
  • Prentice Hall. (2017), Foundations of Finance-Study Guide, Prentice Hall, 7th Ed.. [ISBN: 9780136113669].
  • Theodore Grossman , John Leslie Livingstone. (2009), The Portable MBA in Finance and Accounting, 4th Ed.. [ISBN: 9780470481301].
This module does not have any article/paper resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BBADM_9 Master of Business Administration 1 Mandatory
CR_BSTRA_9 Master of Business Administration in Strategy 1 Mandatory
CR_BAVMA_9 Master of Business Administration with Aviation Management 1 Elective
CR_ERNPI_9 Master of Science in Regulated New Product Introduction & Technology Transfer 2 Group Elective 1