ACCT07025 2022 Financial Management & Control
Full Title
Financial Management & Control
Transcript Title
Fin. Mangt.& Control
Code
ACCT07025
Attendance
N/A %
Subject Area
ACCT - Accounting
Department
BUS - Business
Level
07 - NFQ Level 7
Credit
10 - 10 Credits
Duration
Semester
Fee
€
Start Term
2022 - Full Academic Year 2022-23
End Term
9999 - The End of Time
Author(s)
John Gaynor, Gary Reynolds, Maria Scanlon, Kerry Dolan, Gemma Lyons
Programme Membership
SG_BMAAP_J07 202200 Bachelor of Business in Management Applications (Add-on)
Description
The aim of this module is to enable students to interpret the financial results of a small business, distinguish between profitability and liquidity and appreciate the need for financial planning; and to develop an understanding of the financial management methods used in appraising capital investment options and assessing appropriate sources of finance.
Learning Outcomes
On completion of this module the learner will/should be able to;
1.
Explain the layout of financial statements and the terminology used.
2.
Interpret the financial statements of a small business using ratio analysis
3.
Explain the crucial importance of cash to a business and prepare basic cash flow statement.
4.
Apply the main principles of management accounting for planning, controlling and short term decision making.
5.
Report to management on the financial performance of an organisation.
6.
Outline the importance of and prepare basic calculations in relation to working capital management.
7.
Identify the principle sources of finance available to a business and appraise the suitability of the different sources in the context of an organisation's financial requirements.
8.
Apply the main techniques used in the appraisal of capital expenditure decisions and interpret the results.
Teaching and Learning Strategies
Comprises of online lectures and tutorials.
Module Assessment Strategies
Assessment of this module will be continuous assessments 50% throughout the semester and written assessment 50% end of semester exam.
Repeat Assessments
Repeat assessments may include a repeat continuous assessment and/or a final written exam.
Indicative Syllabus
LO1: Explain the layout of financial statements and the terminology used.
- Terminology including information, entities, user groups
- Content and layout of financial statements. Sole Traders v Company
LO2: Interpret the financial statements of a small business using ratio analysis
- Ratio Analysis.
- Analyse and interpret ratios calculated
- Limitations of ratios
LO3: Explain the crucial importance of cash to a business and prepare basic cash flow statement
- Profitability vs liquidity
- Basic cash flow statements
LO4: Apply the main principles of management accounting for planning, controlling and short term decision making.
- Financial planning
- Projected and analyse financial statements for a sustainable business
LO5: Report to management on the financial performance of an organisation.
- Critically appraise business performance
- Make clear recommendations for improvement
LO6: Outline the importance of and prepare basic calculations in relation to working capital management.
- Define working capital
- Individual elements of Current Assets and Current Liabilities
- Calculate operating cash cycle and advise on appropriate levels
LO7: Identify the principle sources of finance available to a business and appraise the suitability of the different sources in the context of an organisation's financial requirements.
- Short, medium and long-term source of finance
- Internal and external sources of finance
- Sustainable finance
- Debt v equity
LO8: Apply the main techniques used in the appraisal of capital expenditure decisions and interpret the results.
- Perform calculations for principle appraisal methods
- Advantages/disadvantages
- Recommendations where there are competing projects
Coursework & Assessment Breakdown
Coursework & Continuous Assessment
50 %
End of Semester / Year Formal Exam
50 %
Coursework Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Continuous assessment | Coursework Assessment | Assessment | 25 % | Week 4 | 1,2,3,4,5,6,7,8 |
| 2 | Continuous Assessment Individual/ Group | Coursework Assessment | Assignment | 25 % | Week 9 | 1,2,3,4,5,6,7,8 |
End of Semester / Year Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Final assessment | Final Exam | Open Book Exam | 50 % | End of Term | 1,2,3,4,5,6,7,8 |
Online Learning Mode Workload
| Type | Location | Description | Hours | Frequency | Avg Workload |
|---|---|---|---|---|---|
| Lecture | Online | Lectures | 2 | Weekly | 2.00 |
| Independent Learning | Online | Study and working on Project | 5 | Weekly | 5.00 |
Total Online Learning Average Weekly Learner Contact Time 2.00 Hours
Required & Recommended Book List
Required Reading
2018-08 Accounting and Finance for Non-specialists Pearson Higher Education
ISBN 1292244011 ISBN-13 9781292244013
2018-08 Accounting and Finance for Non-specialists Pearson Higher Education
ISBN 1292244011 ISBN-13 9781292244013
The 11th edition of this market-leading text offers an accessible, effective introduction to key accounting and finance topics. With a step-by-step approach and a focus on decision making, Accounting and Finance for Non-Specialists teaches you how to apply your learning to real-world business scenarios.
Module Resources
Non ISBN Literary Resources
Journal Resources
URL Resources
Other Resources
None
Additional Information
None