ACCT09002 2022 Financial Management

Build an understanding of the financial statements of for profit and not for profit organisations, what is in them and how they are a valuable resource of assessing an organisations financial health. 

Assess the relationship between finance and accounting, evaluate the role of the finance function within a business and the importance of good ethical practice in accounting.

Interpret the financial statements, appraise the financial performance of an organisation, including the working capital needs of different organisations and the importance of good working capital management. 

Evaluate the nature and purpose of management accounting and apply the main principles of management accounting for planning, controlling and decision making.

Discuss the primary sources of finance available to a business, including the importance of sustainable finance for investors and lenders. Appraise the suitability of the different sources in the context of an organisations' size, financial requirements and legal status and evaluate different capital structure options available to a business. 

Live online learning will occur weekly. Once per term students will be offered the opportunity to attend campus-based learning.

A variety of teaching and learning techniques will be incorporated including case studies, problem-based learning, guest lecturing, flipped classroom, peer learning.

As Masters level students will be required to actively engage in significant self-directed study and must engage in learning that exceeds module objectives.

A group project analysing and interpreting the performance of a large Public Limited Company.  Students will receive an individual grade within the group project.

Individual project assessing the student's understanding of financial/management reports and their inter-relationship.

Continuous assessment such as online activities, MCQ, written reports etc.

The repeat assessment strategy will be dependent on overall grades and will be decided and documented at the Progression and Award Boards.

Repeat submissions are capped at 40%.

LO1) Assess the relationship between finance and accounting, evaluate the role of the finance function within a business and the importance of good ethical practice in accounting.: Nature and purpose of accounting; Role of finance function within a business; Environmental, Social and Governance criteria; ethical considerations.

L02) Gain an understanding of the financial statements of for profit and not for profit organisations, what is in them and how they are a valuable resource of assessing an organisations financial health.: Financial Statements; Introduce the concept of the time value of money.​​​

L03) Interpret the financial statements, appraise the financial performance of an organisation, including the working capital needs of different organisations and the importance of good working capital management.:  Analyse and interpret the financial performance and position of an organisation with a focus on long term considerations; Limitations of ratios as a tool of financial analysis. Factors influencing the level of investment in working capital; Policies for control of working capital. Evaluate companies responses to issues such as environmental, social and governance. Automation of processes, data analysis and visualisation. 

L04) Evaluate the nature and purpose of management accounting and apply the main principles of management accounting for planning, controlling and decision making: Cost classification and cost behaviours; Examine Cost control techniques and their use in the decision making process; Financial planning; Budgetary control.

L05) Discuss the primary sources of finance available to a business, including the importance of sustainable finance for investors and lenders. Appraise the suitability of the different sources in the context of an organisations' size, financial requirements and legal status and evaluate different capital structure options available to a business. : External sources of finance, short-term and long-term; Internal sources of finance, short-term and long-term; Importance of sustainable finance for investors and lenders. Factors to consider when choosing an appropriate source of finance; Capital structures; Finance for smaller businesses.