Module Details

Module Code: MGMT6035
Title: Financial Management
Long Title: Financial Management
NFQ Level: Advanced
Valid From: Semester 1 - 2019/20 ( September 2019 )
Duration: 1 Semester
Credits: 5
Field of Study: 3450 - Business & Management
Module Delivered in: 1 programme(s)
Module Description: This module looks at the nature of financial management, its importance in the success of Social Care organisations and the tools and techniques the manager can use to implement successful financial management in Social Care organisations today.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Interpret financial statements their benefits, importance and advantages in social care service delivery
LO2 Evaluate financial statements to determine the progress of the organisation.
LO3 Use financial analysis to assist in developing business plans for Social Care service delivery.
LO4 Manage working capital to enable the care business to operate on a day to day, week to week basis.
LO5 Utilise financial forecasting to anticipate problems or changes due to external environment changes.
LO6 Understand Capital Budgeting and its purpose in the overall strategic plan of the care organisation.
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
Legal forms of Business Organisations
Forms of Business, Profit versus non Profit Organisations,
Financial Statements
Balance Sheet, Profit & Loss Account, Sources of funds statement.
Financial Analysis
Ratio analysis, Liquidity ratios, Profit ratios
Financial Forecasting
Cash flow forecasting and statements.
Managing Working Capital
Inventory Management, Management of Cash, Working Capital.
Capital Budgeting
The efficient utilisation of Capital Budgets
Forecasting Financial Requirements
Working Capital, Accounts payable, Final Accounts
Loan Finance
Short & long term loans, other forms of finance, loan providers.
Evaluating Financial Performance
Uses of Ratios, Evaluating return, risk management, investment decisions.
Module Content & Assessment
Assessment Breakdown%
Coursework50.00%
End of Module Formal Examination50.00%

Assessments

Coursework
Assessment Type Project % of Total Mark 50
Timing Week 8 Learning Outcomes  
Assessment Description
Project which requires student to assess the financial perfomance of a social care organistaion
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 50
Timing End-of-Semester Learning Outcomes  
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 Direct Contact with Student Every Week 3.00 3
Independent & Directed Learning (Non-contact) Non Contact Workplace Learning 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 Direct Contact with Student Every Week 3.00 3
Independent & Directed Learning (Non-contact) Non Contact Workplace Learning Every Week 4.00 4
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
 
Module Resources
Recommended Book Resources
  • Brooks. (2016), Financial Management, 3. all, Pearson, London, [ISBN: 9780134004228].
  • Gitman & Zutter. (2015), Principles of Managerial Finance, 7. all, Pearson, London, [ISBN: 9780133740899].
  • Haigh. (2011), FT Guide to Finance for Non Financial Managers., 1. all, Pearson, London, [ISBN: 9780273756200].
This module does not have any article/paper resources
This module does not have any other resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_HSOCC_8 Bachelor of Arts (Honours) in Social Care Work 1 Mandatory