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ACCT08021 2022 Finance 1

General Details

Full Title
Finance 1
Transcript Title
Finance 1
Code
ACCT08021
Attendance
N/A %
Subject Area
ACCT - Accounting
Department
BUS - Business
Level
08 - NFQ Level 8
Credit
05 - 05 Credits
Duration
Semester
Fee
€
Start Term
2022 - Full Academic Year 2022-23
End Term
9999 - The End of Time
Author(s)
Maria Scanlon, John Gaynor
Programme Membership
SG_BACCO_H08 202200 Bachelor of Arts (Honours) in Accounting SG_BACCO_K08 202200 Bachelor of Business (Honours) in Business with Accounting (Add-on) SG_BACOO_H08 202300 Bachelor of Arts (Honours) in Accounting SG_BACCO_K08 202300 Bachelor of Business (Honours) in Business with Accounting (Add-on)
Description

The student will appreciate the essential elements of financial management for the developing company, understand the principles of financial strategy, investment appraisal, cost of capital and capital structure and provide relevant information and advice to organisations and individuals.

Learning Outcomes

On completion of this module the learner will/should be able to;

1.

Assess the role of the finance function within an organisation and the impact of the financial and economic environment in which it operates.

2.

Identify and discuss the primary financial and non-financial objectives for a business and appreciate the needs for a focus on sustainability.

3.

Evaluate how good governance, risk management and behaving ethically are essential considerations in meeting the needs of all stakeholders.

4.

Critically appraise capital investment projects through the use of appropriate techniques and justify a course of action after considering the impact of inflation, taxation and risk.

5.

Calculate the cost of capital for a business and evaluate different capital structure options available.

Teaching and Learning Strategies

This module will be delivered through a combination of lectures and tutorials. An essential part of the teaching and learning strategy will be to enable the students to apply their learning where applicable.

Module Assessment Strategies

This subject will be assessed by a combination of an individual exam style continuous assessment and an end of semester exam.

Repeat Assessments

The unsuccessful candidate will be required to repeat the failed element of their assessed work.

Module Dependencies

Prerequisites
ACCT07002 200900 Financial Reporting 1 ACCT07001 200900 Management Accounting Planning, Control and Decision-Making

Indicative Syllabus

L01. Assess the role of the finance function within an organisation and the impact of the financial and economic environment in which it operates.

  • Modern business environment
  • Legal and regulatory environment
  • Strategic, operational and risk management
  • Function of the finance department
  • Financial and non-financial objectives
  • Environmental, Social and Governance (ESG)
  • Ethics in business
  • Corporate Governance and the agency issue

L02. Identify and discuss the primary financial and non-financial objectives for a business and appreciate the needs for a focus on sustainability.

  • Financial objectives
  • Long-term versus short-term goals
  • Non-financial objectives
  • Sustainability reporting
  • Digital technologies

L03. Evaluate how good governance, risk management and behaving ethically are essential considerations in meeting the needs of all stakeholders.

  • Ethics in business
  • Honesty and integrity in the finance function
  • Corporate scandals
  • Corporate governance
  • Powers and responsibilities of directors

L04. Critically appraise capital investment projects using appropriate techniques and justify a course of action after considering the impact of inflation, taxation, and risk.

  • Evaluate the nature and importance of investment decision making
  • Factors influencing the return required by investors from a project
  • Use investment appraisal methods and make recommendations
  • Sustainable capital projects
  • Stages in the investment decision-making process
  • Capital rationing
  • Competing projects with unequal lives
  • Dealing with inflation, tax, and risk

  • L05. Calculate the cost of capital for a business and evaluate different capital structure options available

  • Sources of long-term finance
  • Equity and debt
  • Effect on financial gearing
  • Calculate cost of each element of long-term capital
  • Calculate the weighted average cost of capital
  • Capital structure options

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
20 %
End of Semester / Year Formal Exam
80 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Other Exam individual assessment Coursework Assessment Assessment 20 % Week 9 1,2,3,4
             
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam End of module exam Final Exam Closed Book Exam 80 % End of Term 1,2,3,4,5
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Flat Classroom Lectures 4 Weekly 4.00
Independent Learning UNKNOWN Personal study 3 Weekly 3.00
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Required & Recommended Book List

Required Reading
2020 FINANCE
ISBN 191235036X ISBN-13 9781912350360
Required Reading
2019-10-28 Financial Management for Decision Makers 9th Edition
ISBN 1292311436 ISBN-13 9781292311432

Now in its ninth edition, Financial Management for Decision Makers provides students with a unique focus on the practical application of financial management and its role in decision making. Covering topics such as financial planning, making capital investment decisions, and financing a small business, it provides an ideal introduction to the world of financial management. New to this edition: A new chapter on international aspects of financial management, which explores the benefits and problems associated with internationalisation and the management of foreign exchange risk Updated explanations throughout including greater coverage of behavioural finance and share valuation methods Increased number of activities, giving more opportunities to engage with the key concepts Updated Real World examples, which provide connections between the theory and practice of financial decision making This text is ideal for undergraduates from a non-accounting or non-finance discipline taking an introductory module in financial management. It is also suitable for postgraduate students enrolled on certificate and diploma courses in financial management, as well as those enrolled on Diploma in Management Studies and MBA programmes. The text can also be used by finance and accounting students as a foundation for further study. Visit www.pearsoned.co.uk/atrill to gain access to a suite of resources which accompany this text: For instructors: Solution's manual, and PowerPoint slides For students: Opportunities to practise and additional support given through a companion website Peter Atrill is a freelance academic who has worked with leading institutions in the UK, Europe and SE Asia. He was formerly the Head of Business and Management and Head of Accounting and Law at Plymouth Business School, Plymouth University.

Module Resources

Non ISBN Literary Resources

 

 

 

 

 

URL Resources

www.irishtimes.ie/business

www.rte.ie/business

 

Other Resources