ACCT07026 2022 Applied Finance
Full Title
Applied Finance
Transcript Title
Applied Finance
Code
ACCT07026
Attendance
N/A %
Subject Area
ACCT - 0411 Accounting & Taxation
Department
BUS - Business
Level
07 - Level 7
Credit
05 - 05 Credits
Duration
Semester
Fee
€
Start Term
2022 - Full Academic Year 2022-23
End Term
9999 - The End of Time
Author(s)
John Gaynor, Maria Scanlon, Aileen Brennan
Programme Membership
SG_BBUSI_H08 202200 Bachelor of Business (Honours) in Business
SG_BBUSS_B07 202200 Bachelor of Business in General Business
SG_BADMN_B07 202200 Bachelor of Business in Business Administration
SG_BBUSB_H08 202200 Bachelor of Business (Honours) in Business
SG_BBUSG_B07 202300 Bachelor of Business in General Business
SG_BBUSE_B07 202400 Bachelor of Business in Business (exit)
Description
The aim of this module is to enable students to interpret the financial results of a developing company, distinguish between profitability and liquidity, appreciate the need for financial planning and report to management on business performance.
Learning Outcomes
On completion of this module the learner will/should be able to;
1.
Discuss the layout of financial statements and the terminology used.
2.
Interpret the financial statements of a small business using ratio analysis
3.
Discuss 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.
Teaching and Learning Strategies
This module will be delivered through a combination of lectures, tutorials and workshops. There will be an emphasis on the practical application of knowledge through the use of case studies. The students will use Microsoft Office, particularly Excel, to complete the practical element of the module.
Module Assessment Strategies
This subject will be assessed through a combination of practical activities and case studies.
Repeat Assessments
Repeat assessments will be developed in accordance with the requirements of the module.
Indicative Syllabus
L01. Discuss the layout of financial statements and the terminology used.
- Users of accounting information and their needs
- Different legal structures for a business with a focus on limited companies
- Regulatory environment
- Terminology used in financial statements
- Income statement, cash flow statement and statement of financial position
L02. Interpret the financial statements of a small developing company using ratio analysis
- Calculate profitability, liquidity, efficiency and gearing ratios for a small company
- Analyse and interpret the ratios calculated
- Present results graphically
- Overtrading
- Limitations of ratio analysis
L03. Discuss cash flow reports and the crucial importance of cash to a business
- Distinguish between profitability and liquidity
- Prepare and interpret a basic cash flow statement
- Discuss how a cash flow statement can help to identify cash flow problems
- Identify ways of improving cash flow
L04. Apply the main principles of management accounting for planning, controlling and short-term decision making.
- Explain the importance of financial planning
- Prepare projected financial statements for a sustainable business
- Interpret their significance for decision making purposes
- How to assess risk and uncertainty
- Budgetary control
L05. Report to management on the financial performance of an organisation.
- Critically appraise past business performance
- Make clear recommendations for improvement
- Highlight the need for a sustainable approach in the future
- Demonstrate a clear action plan
Coursework & Assessment Breakdown
Coursework & Continuous Assessment
100 %
Coursework Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Group Project Financial statements case study | Coursework Assessment | Group Project | 50 % | Week 5 | 1,2,3,4,5 |
| 2 | Individual assignment based on group case study | Coursework Assessment | Assignment | 50 % | Week 7 | 2,3,4,5 |
Full Time Mode Workload
| Type | Location | Description | Hours | Frequency | Avg Workload |
|---|---|---|---|---|---|
| Lecture | Computer Laboratory | This module will be delivered for 6 hours per week over an 8 week period prior to work placement. Due to the practical nature of the module four of the six hours require a computer lab. | 4 | Weekly | 4.00 |
| Lecture | Flat Classroom | This module will be delivered for 6 hours per week over an 8 week period prior to work placement. Due to the practical nature of the module four of the six hours require a computer lab. The remaining two hours would be best suited by a flat classroom. | 2 | Weekly | 2.00 |
| Independent Learning | Not Specified | study and working on project | 3 | Weekly | 3.00 |
Total Full Time Average Weekly Learner Contact Time 6.00 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