Modules

Module title: Financial Management
SCQF level: 08:
SCQF credit value: 20.00
ECTS credit value: 10
Module code: ACC08105
Module leader: Matthew Bonnett
School The Business School
Subject area group: Accountancy Finance and Law
Prerequisites

Learning equivalent would be:
Management Accounting (ACC07101)
HNC in Accounting; SCQF Level 7
2018/9, Trimester 2, Face-to-Face,
Occurrence: 001
Primary mode of delivery: Face-to-Face
Location of delivery: CRAIGLOCKHAR
Partner:
Member of staff responsible for delivering module: Matthew Bonnett
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
The module uses a variety of teaching methods to achieve the learning outcomes. Formal lectures are used to introduce you to the relevant financial management techniques and debate on financial management theories (LO1, 2, 3, 4); and the link between theory and practice as demonstrated in cases studies and through the stock market simulation (LO2, 5). Lectures also direct you to further reading and web sources.
Other teaching methods are used on the module to encourage your engagement and to develop independent learning. These include group discussions in tutorials, and keeping up to date with financial news to enable trading in the stock market based on current events. Weekly tutorials will focus on discussing the topics introduced in the lecture and working through some practical examples whilst also providing a forum for giving you formative feedback (LO1, 2, 3, 4). The tutorials will develop your analytic abilities and enable you to apply your knowledge to practical situations (LO1, 2, 3, 4, 5).

Formative Assessment:
There will be ongoing formative assessment during the module through the tutorials. There will be exercises to do each week and discussion points and during the tutorial the tutor can pick up on any aspects you are less confident about, and work through the solutions to the exercises giving tips for the exam and discussing any issues with the stock market simulation.

Summative Assessment:
There will be two pieces of summative assessment:
Report: There will be a 2,000 word report on the stock market simulation, part of this will be a group piece, and there will be an individual reflection as well. There will also be peer assessment so each member of the group can honestly appraise your own performance and that of your peers.

Exam: there will be a two-hour closed book exam at the end of the module. The exam will cover investment appraisal, working capital management and aspects of long term financing.
Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 24
Face To Face Practical classes and workshops 3
Face To Face Tutorial 24
Independent Learning Guided independent study 149
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Report 30 2,5 12 HOURS= 0, WORDS= 2000
Centrally Time Tabled Examination 70 1,3,4 14/15 HOURS= 2, WORDS= 0
Component 1 subtotal: 30
Component 2 subtotal: 70
Module subtotal: 100

Description of module content:

Investment appraisal, working capital management, tactical decision making and cost estimation. A look at six key principals in Finance. Transferable skills include: communication, research, analysis, C&IT, decision making and group work using the Finesse (or similar) stock market simulation.
Learning Outcomes for module:

LO1: Calculate Net Present Value, payback period and Accounting Rate of Return

LO2: Identify, evaluate and apply a range of working capital management techniques.

LO3: Analyse relevant and irrelevant costs and revenues for a range of decisions

LO4: Discuss cost estimation methods and apply theory to forecasting future cash flows.

LO5: Discuss the 6 most important ideas in Finance.

LO6: Develop generic skills, specifically research, essay writing, analysis, C&IT, and working in groups
Indicative References and Reading List - URL:

Core - LONDON STOCK EXCHANGE - WWW.LONDONSTOCKEXCHANGE.COM
Core - ARNOLD, GLEN (2013) CORPORATE FINANCIAL MANAGEMENT: PEARSON, 5th ed. - ISBN: 9780273758839
Core - FINANCIAL TIMES - WWW.FT.COM
Recommended - FERGUSON NEIL (2008) THE ASCENT OF MONEY: PENGUIN, 1st ed. - ISBN: 9780718194000
Recommended - INVESTORS CHRONICLE - WWW.INVESTORSCHRONICLE.CO.UK
Recommended - DRURY, COLIN (2012) MANAGEMENT AND COST ACCOUNTING: CENTAGE, 8th ed. - ISBN: 9781408041802
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