ACCT08023 2022 Business Finance 1

General Details

Full Title
Business Finance 1
Transcript Title
Business Finance
Code
ACCT08023
Attendance
N/A %
Subject Area
ACCT - 0411 Accounting & Taxation
Department
BUS - Business
Level
08 - 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_BSPOR_H08 202200 Bachelor of Business (Honours) in Sport with Business SG_BMARK_H08 202200 Bachelor of Business (Honours) in Marketing SG_BBUSI_K08 202200 Bachelor of Business (Honours) in Business L8 (Add-on) DoMTS SG_BBUSI_K08 202200 Bachelor of Business (Honours) in Business L8 (Add-on) DoMTS SG_BBMTS_K08 202200 Bachelor of Business (Honours) in Business with Marketing (Add on) SG_BSPOR_K08 202200 Bachelor of Business (Honours) in Sport with Business (Add-on) SG_BHRMS_K08 202200 Bachelor of Business (Honours) in Business with Human Resource Managment (Add-on) SG_BGENE_K08 202200 Bachelor of Business (Honours) in General Business (Add-on)
Description

The student will develop a knowledge and understanding of the financial management methods for analysing the benefits of various sources of finance, appraising sustainable capital investment opportunities, appreciate the importance of good working capital management and apply management accounting techniques for business planning and control.

Learning Outcomes

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

1.

Assess nature and purpose of accounting, describe the relationship between management accounting and financial accounting and evaluate the role of the finance function within a business.

2.

Prepare projected financial statements for a business and interpret their significance for decision-making purposes.

3.

Apply the main techniques used in the appraisal of capital expenditure decisions and interpret the results.

4.

Evaluate the sources of finance available and appraise the suitability of the different sources in the context of an organisation's size and financial requirements.

5.

Assess the working capital needs of different organisations and evaluate the importance of good working capital management.

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.

Indicative Syllabus

L01. Assess nature and purpose of accounting and describe the relationship between financial management, management accounting and financial accounting.

  • Users of accounting information and their needs
  • Legal and regulatory environment
  • Modern business environment
  • Financial reporting, management accounting and financial management
  • Financial statements layout and terminology
  • Company accounts

L02. Evaluate the role of the finance function within a business

  • Function of the finance department
  • Financial and non-financial objectives
  • Environmental, Social and Governance (ESG)
  • Ethics in business
  • Corporate Governance and the agency issue

L03. Prepare projected financial statements for a business and interpret their significance for decision-making purposes.

  • Evaluate the need for financial planning
  • Prepare and interpret projected financial statements for a sustainable business
  • Budgetary control
  • Risk appraisal

L04. Apply the main techniques used in the appraisal of capital expenditure decisions and interpret the results.

  • Evaluate the nature and importance of capital investment projects
  • Apply the four main investment appraisal methods
  • Recommendations to management on capital projects
  • Sustainable capital projects
  • Risk management
  • Stages in investment decision making process

L05. Evaluate the sources of finance available and appraise the suitability of the different sources in the context of an organisation's size and financial requirements.

  • Short-term, medium-term, and long-term finance
  • Internal and external finance
  • Sustainable finance
  • Interest rates and inflation
  • Risk and return
  • Stock market listing
  • Finance for SME’s

L06. Assess the working capital needs of different organisations and evaluate the importance of good working capital management.

  • Main elements of working capital
  • Purpose of working capital
  • Working capital cycle
  • Policies for control of working capital
  • Managing each element of working capital and influencing factors

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
30 %
End of Semester / Year Formal Exam
70 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Continuous Assessment Individual midterm exam Coursework Assessment Assessment 30 % Week 7 1,2,4
             
             

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 70 % End of Term 1,2,3,4,5
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Flat Classroom lecture 4 Weekly 4.00
Tutorial Flat Classroom Lecture 1 Weekly 1.00
Independent Learning UNKNOWN study and research 3 Weekly 3.00
Total Full Time Average Weekly Learner Contact Time 5.00 Hours

Required & Recommended Book List

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.

Required Reading
2020 FINANCE
ISBN 191235036X ISBN-13 9781912350360

Module Resources

Non ISBN Literary Resources