Basic accounting and finance knowledge

1. Assess the financial issues that must be considered in strategic business decision making including investment strategies
Knowledge and Understanding
Problem Solving

2. Evaluate working capital management policies and their impact on the firm's profitability, liquidity, risk and operating flexibility
Analysis
Enquiry

3. Apply financial project appraisal concepts including the time value of money to make capital investment decisions
Application
Analysis

Assignment testing the LOs 1 and 2 (using MS excel) weighted at 40% - 1,000 words

Final examination testing LOs 1, 2 and 3 weighted at 60% - 2 hours


ASSESSMENT FOR BUV STUDENTS ONLY

3 Hours exam weighted at 100% testing all LOS.

LO1 – Financial Statement Analysis, Ratio Analysis, financial decisions.
LO2 – Cost Volume Profit Analysis (CVP), Pricing Decisions. Working capital Policies.
LO3 - Project evaluation techniques ( NPV, ARR, IRR, Payback period method) and Investment decisions.

Concepts of relevant cost, non-relevant cost and other factors affecting financial decision making.
Limiting factor analysis, CVP analysis and determining BE point under different uncertainties
Make or buy decisions and scarce resources
Cash management, AR/AP management and Inventory management
Liquidity and profitability ratios, operating cycle, cash cycle and decisions on optimum levels
Tools and techniques in assessing capital investments
Evaluate the principle asset classes as investments using NPV, Payback and IRR
Valuation of debt equity

The learning strategy for full-time/part-time on-campus and corporate delivery modes requires students to commit to 150 learning hours (including assessment). Of this there will be 36 hours of class or workshop support and 114 hours of independent and self-directed study for students working alone or as part of a learning group.

The tutor led sessions will tend to follow a general pattern of introduction of a topic and provision of frameworks and models for student learning, followed by application by students to appropriate data or case study materials. Students will be expected to perform set exercises, these will include the analysis, discussion and presentation of case based work both individually and as part of a learning group. Students will be expected to obtain supplementary information from a number of paper or electronic sources as part of their preparation, as recommended by the tutor.

Atrill,P. McLaney, E. (2018) Management Accounting for Decision Makers, 9th Edition, Pearson
Atrill,P. (2017) Financial Management for Decision Makers, 8th Edition, Pearson, Pearson

Recommended texts

Printed and electronic journals

VLE learning support material to be provided for independent /self-directed learning

Module handbooks

Selected contemporary problem/practice based case examples

You will examine the development of financial strategy within an organisation. The starting point is the main financial objective of a company, which is to maximise shareholder wealth. We look at various financial and non-financial strategies to achieve this objective as well as ensuring organisation goal congruence through effective decision making.