ACCT08041 2022 Business Finance (online)
Full Title
Business Finance (online)
Transcript Title
Business Finance
Code
ACCT08041
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)
John Gaynor, Aileen Brennan, Maria Scanlon
Programme Membership
SG_BBUSS_K08 202200 Bachelor of Business (Honours) in Business
Description
The student will develop a knowledge and understanding of the financial management methods for analysing the benefits of various sources of finance and 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.
Understand and evaluate the nature and content of financial statements and how they are valuable in assessing an organisation's financial health.
3.
Prepare projected financial statements for a business and interpret their significance for decision-making purposes.
4.
Apply the main techniques used in the appraisal of capital expenditure decisions and interpret the results.
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. There will be a foundation workshop on accounting at the start of the module. Subsequently, an essential part of the teaching and learning strategy will be to enable students to apply their learning during the module where applicable.
A variety of teaching and learning techniques will be incorporated including short quizzes, a case study, problem-based learning, flipped classroom, peer learning.
Module Assessment Strategies
This subject will be assessed by a combination of 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
LO1: 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.
- Users of accounting information and their needs.
- Legal and regulatory environment.
- Modern business environment.
- Financial reporting, management accounting and financial management.
- Ethical, environmental, social and governance (ESG) considerations.
- Corporate governance and the agency issue.
LO2: Understand and evaluate the nature and content of financial statements and how they are valuable in assessing an organisation's financial health.
- Five elements making up financial statements.
- Financial statement layout.
- Company accounts.
LO3: Prepare projected financial statements for a business and interpret their significance for decision-making purposes.
- Need for financial planning.
- Prepare and interpret projected financial statements for a sustainable business.
- Budgetary control.
- Risk appraisal.
LO4: Apply the main techniques used in the appraisal of capital expenditure decisions and interpret the results.
- The nature and importance of capital investment projects.
- Apply the main investment appraisal methods.
- Recommendations to management on capital projects.
- Sustainable capital projects.
LO5: 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
50 %
End of Semester / Year Formal Exam
50 %
Coursework Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Coursework & continuous assessment | Coursework Assessment | Assessment | 50 % | Any | 2,3 |
End of Semester / Year Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Final exam | Final Exam | Closed Book Exam | 50 % | End of Term | 1,3,4,5 |
Online Learning Mode Workload
| Type | Location | Description | Hours | Frequency | Avg Workload |
|---|---|---|---|---|---|
| Lecture | Distance Learning Suite | Lecture | 2 | Weekly | 2.00 |
| Lecture | Distance Learning Suite | Foundational workshop | 3 | Once Per Semester | 0.20 |
| Independent Learning | Not Specified | Independent learning | 3 | Weekly | 3.00 |
Total Online Learning Average Weekly Learner Contact Time 2.20 Hours
Required & Recommended Book List
Required Reading
2019-10-28 Financial Management for Decision Makers 9th Edition
ISBN 1292311436 ISBN-13 9781292311432
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
2020 FINANCE
ISBN 191235036X ISBN-13 9781912350360
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
Additional Information