Module Details

Module Code: FINA6003
Title: Finance and Tax for Business
Long Title: Introduction to Finance and Taxation Con
NFQ Level: Fundamental
Valid From: Semester 1 - 2012/13 ( September 2012 )
Duration: 1 Semester
Credits: 5
Field of Study: 3430 - Banking, Finance and Investment
Module Delivered in: 1 programme(s)
Module Description: This module introduces students to common financial terminology, pensions, insurance, tax and investments from a business perspective.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Describe and explain common business and financial terminology
LO2 Explain the various legal structures of busines
LO3 Identify the alternative pension schemes and the various insurance policies available to businesses
LO4 Describe the Irish Taxation Framework
LO5 Interpret financial statements and cost projections
LO6 Describe and identify various investment opportunities available to a business/individual
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
Introduction and Corporate Compliance - 20%
Business structure, financial terminology, incorporating a Limited Company, dissolving a Limited Company, examinership and receivership, compliance and the Companies Registration Office, registering a business name, obligations and duties of Company Directors.
Insurance and Pensions - 20%
Various types of insurance cover available to businesses, information required by an insurance broker or company to provide a quote, methods of reducing insurance costs, obligations of employers to provide access to a pension scheme, defined benefit and defined contribution pension schemes, additional voluntary contributions, options in relation to pensions on retirement.
Taxation - 20%
Introduction to the Irish tax system, self assessment and filing a tax return, taxes applicable to Irish businesses/individuals, tax rates, tax forms and common tax reliefs.
Financial Analysis - 20%
Reading and interpreting financial information, cost projections.
Investments - 20%
Various investment opportunities.
Module Content & Assessment
Assessment Breakdown%
Coursework100.00%

Assessments

Coursework
Assessment Type Project % of Total Mark 30
Timing Week 5 Learning Outcomes 1,2,3
Assessment Description
Insurance project
Assessment Type Project % of Total Mark 30
Timing Week 9 Learning Outcomes 2,4
Assessment Description
Taxation project
Assessment Type Project % of Total Mark 40
Timing Sem End Learning Outcomes 2,5,6
Assessment Description
Cashflow forecasting project including presentation
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 Formal Lecture Every Week 1.50 1.5
Independent & Directed Learning (Non-contact) Non Contact Independent learning Every Week 5.50 5.5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 1.50
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Formal lecture Every Week 1.50 1.5
Independent & Directed Learning (Non-contact) Non Contact Independent learning Every Week 5.50 5.5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 1.50
 
Module Resources
Recommended Book Resources
  • Thomas Power, Stephen Walsh and Paul O'Meara. (2009), Financial Management, 3rd Edition. Gill & Macmillan, [ISBN: 9780717145546].
  • Pat Kennedy, Paul Murphy, Caitriona Gaynor, Martina Whyte, Raymond Holly, Laurence May, Kieran Gallery (Editor), Emer Mulligan (Editor). Irish Taxation Law and Practice 2011: Finance Act, 9th Edition. Irish Tax Institute, [ISBN: 9781842602584].
  • Brian O'Kane. Starting a Business in Ireland, 6th Edition. [ISBN: 978-1-904887-379].
Recommended Article/Paper Resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BENPO_6 Certificate in Enterprise Potential 2 Mandatory