Module Descriptors
FINANCIAL DECISION MAKING
ACCT60181
Key Facts
Faculty of Business, Education and Law
Level 6
15 credits
Contact
Leader: Paul Hammett
Email: Paul.Hammett@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 30
Independent Study Hours: 120
Total Learning Hours: 150
Assessment
- REPORT weighted at 100%
Module Details
Module Indicative Content
This module begins by introducing you to financial objectives and financial management together with issues of ownership and control.
You will then proceed to calculate, analyse and interpret key financial ratios, including financial and operational gearing. Working capital control and cash management techniques will also be examined. The problems with using accounting information and the creative accounting will be considered.
You will study the range of different sources of long, medium and short-term finance available to businesses, including the various forms of equity finance, borrowings, retained earnings and government based assistance. This leads to a consideration of the costs of raising different types of finance, and then to the cost of capital, capital structure, stock markets, trading systems and regulation and the efficient market hypothesis.
The module progresses by enhancing your study of investment appraisal (for instance, by considering capital rationing, taxation aspects and inflation). This will include advanced aspects of the use of DCF techniques and other capital investment appraisal methods.
The module concludes by looking at the importance of small businesses to the economy and the financial management problems that they face.
You will then proceed to calculate, analyse and interpret key financial ratios, including financial and operational gearing. Working capital control and cash management techniques will also be examined. The problems with using accounting information and the creative accounting will be considered.
You will study the range of different sources of long, medium and short-term finance available to businesses, including the various forms of equity finance, borrowings, retained earnings and government based assistance. This leads to a consideration of the costs of raising different types of finance, and then to the cost of capital, capital structure, stock markets, trading systems and regulation and the efficient market hypothesis.
The module progresses by enhancing your study of investment appraisal (for instance, by considering capital rationing, taxation aspects and inflation). This will include advanced aspects of the use of DCF techniques and other capital investment appraisal methods.
The module concludes by looking at the importance of small businesses to the economy and the financial management problems that they face.
Module Special Admissions Requirements
Must have studied Accounting & Financial Information (BLB00039-2) or equivalent.
Module Resources
On-line databases
The Module website
The University Library and Learning Resources
Electronic data bases such as EBSCO
The Module website
The University Library and Learning Resources
Electronic data bases such as EBSCO
Module Texts
Recommended Text
McLaney, E. (2009) Business Finance: Theory and Practice, 8th Edition. FT Prentice Hall (ISBN: 0273-71768-3)
McLaney, E. (2009) Business Finance: Theory and Practice, 8th Edition. FT Prentice Hall (ISBN: 0273-71768-3)
Module Learning Strategies
The learning strategy for the module requires students to commit 150 learning hours (including assessment) of this there will be 30 hours of class support and 120 hours of independent and self directed study. Support will also be given by access to Scheduled Tutor Office Hours to support the module.
The lecture/tutorial pattern may vary with some activities taking place in medium size group workshops.
24 hours of formal lectures/large group activity
6 hours of tutorials
The lecture/tutorial pattern may vary with some activities taking place in medium size group workshops.
24 hours of formal lectures/large group activity
6 hours of tutorials
Module Additional Assessment Details
One 2500 word report based on numerical analysis during the module (Tests All Learning Outcomes), 100%