Learning Outcomes
1. Undertake value chain analysis of an organisation in the finance industry.
Analysis
2. Critically evaluate theories associated with specific areas of finance.
Enquiry
Analysis
3. Demonstrate a capability to connect theory to practice through application of knowledge gained to real business context.
Knowledge & Understanding
Learning
Application
4. Utilise breakeven analysis to support decision making.
Application
Additional Assessment Details
1. Initial Assessment – Break Even analysis (300 words plus graphical representation) (15%) (LO4)
2. Individual report on Value Chain analysis (1,500 words) (60%) (LOs 1 & 2)
3. Group presentation (15mins) (25%) (LO 3)
Indicative Content
Creating value is central for long-term sustainability in a modern business world driven by strong competitive pressure. This module introduces you to the concept that the finance function is integral to value creation within any entity. It is intended to help you explore the paradox of consumer versus shareholder value and see the relevance of financial strategy and concepts to the attainment of enhanced organisational performance and growth in a post Global Financial Crisis (GFC) and COVID world. The conflicting interest of shareholders and other stakeholders such as customers in a business means that the relevance of ethics to financial management will be made clearer. Value creation is extensively explored through value analysis, value chain analysis, spend analysis and breakeven. This knowledge of value creation through finance prism will be integrated into core financial decision-making processes around financing, dividend and day to day working capital management, to create a holistic learning that prepares you to face the challenges of professional practice in finance.
Web Descriptor
Creating value in the modern world. In this module you will explore the paradox of consumer vs. shareholder value and how organisations are using financial strategy and concepts to improve organisational performance and drive growth in a post Global Financial Crisis (GFC) and COVID world.
Learning Strategies
Value creation is central to offering on the module. Consequently, how financial information is used to support decision making to create value for businesses will permeate every session. The use of real-life business cases will be embraced to give meaning to concepts and show how value is created in businesses. A combination of individual and group work will be encouraged during each session on the module.
You will undertake ‘formative’ assessments during the module to help you monitor your learning and provide you and us with ongoing feedback on your progress, that helps you prepare for the ‘summative assessment(s) during or at the end of the module.
Reference Texts
Bruner, R. F., Eades, K. M., and Schill, M. J. (2018) Case studies in finance managing for corporate value creation, Eighth Edition. New York, McGraw-Hill Education
Viallet, Claude and Hawawini, Gabriel A (2010) Finance for executives: Managing value creation, Fourth Edition. Mason, Ohio : South-Western
Whittington, R., Regne´r, P., Johnson, G., Angwin, D., and Scholes, K (2020) Exploring strategy: Text & Cases, Twelfth Edition. Harlow: Pearson.
Resources
Accaglobal.com
www.cimaglobal.com
www.ft.com
https://www.bbc.co.uk/news/business
www.icaew.com
Special Admissions Requirements
N/A