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Financial Management and Decision Making

MBA7022 (2013-14)

Financial Management and Decision Making


Credits

20

Level

HE7, PG/Masters

Type

Standard

Duration

1 Trimester(s)

Trimester 3?

No

ECTS

10

Marking Scheme

Numeric mark scheme (i.e. mark of 0-100)

Pass Mark

40%, No Notes

Delivery Type

This Module requires you to attend particular classes or events at particular times and in particular locations.

Pre-Requisites

None Specified

Co-Requisites

None Specified

Barred Combinations

None Specified

Module Outline

The aims of the module are to enable you to:- extend your knowledge of the practices, principles and conventions by which financial management is provided with information for control and decision making. Develop a critical understanding of the variety of information requirements of management in a range of control and decision making situations. Critically evaluate your knowledge of the behavioural implications and dysfunctional effects consequent to the design, installation and operation of control and decision making systems. Develop an understanding of the wide range of organisational practices and the various indicators used to control and evaluate performance. The student will be introduced to techniques to help them to make sound financial decisions and to develop skill sets to analyse a set of complex accounts within an international context.

Taught (T), Developed (D) and Assessed (A).

Indicative Content

 

Description

1

Introducing financial management and decision making techniques.

2

Analysis, interpretation and evaluation of PLC accounts for businesses trading internationally.

3

Sources of finance including ways to raise finance and capital structures

4

Design of management accounting procedures and systems including ABC and ABB.

5

Identification, analysis and presentation of relevant information for control and decision making (CVP, Pricing, Risk and Decision Making Techniques such as Limiting Factors or linear programming with multiple scarce resources).

6

Techniques for planning and control ie rolling forecasts and ZBB including managing and measuring financial performance of departments and employees within organisations.

7

Working capital management, cash flow forecasting and cash budgeting. Capital investment Appraisal Techniques such as payback, ARR, NPV, IRR, capital rationing and the effects of inflation using The Fisher Effect.

8

Transfer pricing decisions for intermediate products including Transnational shipment of goods within a multi-national organisation

Learning Outcomes

 

Description

1

Demonstrate knowledge of financial management tools for raising finance, managing working capital and calculating optimum capital structures, looking at the relevance and implications to control and decision making requirements of a business

2

Demonstrate a critical awareness of the development of management accounting control systems, using key numerical interpretation skills in areas of change such as ABC and Pricing.

3

Diagnose, evaluate and formulate appropriate solutions to business problems, utilising problem solving skills around critical areas such as constraints and how these can be resolved through linear programming and shadow pricing solutions

4

Utilise management and communication skills using problem solving skills around key Financial management and decision making topics such as the analysis and interpretation of PLC sets of accounts.

Learning And Teaching Strategy

Each topic will be introduced by a formal lecture. You will be expected to prepare in advance of each session by undertaking some preliminary directed reading on the scheduled topic. Lectures will be followed by a series of seminar sessions where you will look at attempting questions around the topics introduced in the formal lecture. This will provide you with the opportunity to demonstrate an understanding and application of the knowledge and concepts introduced in lectures and will allow for guidance and feedback on progression within the module. Where appropriate, case study materials will be used alongside expert guest speakers in key topic areas.

Learning & Teaching Methods

Method

KIS

Hours

Lecture

Scheduled

36

Guided independent study

Independent

164

Formative Assessment Strategy

Formative assessment is an aid to learning. It is designed to provide you with feedback on your progress and inform your development. It can be used to identify any areas which would benefit from extra attention on your part, or extra support from your tutor. It does not contribute to the overall formal assessment for the module. Informal formative assessment is provided in this module through Seminar activities including quizzes, workshop exercises, case study analysis and tutorial feedback on assessment drafts.

Summative Assessment Strategy

Assessment comprises a group presentation around the analysis and interpretation of PLC accounts including a 2,000 word report on the detailed analysis of the chosen business and a 2,500 word case study report

Summative Assessments

 

Assessment

KIS

Description

 

Learning Outcomes

Marking Scheme

Passmark

KIS Weighting

001

Oral assessment and presentation

Practical

Group presentation+ 2,000 word report

 

4

Not applicable

-

50%

002

Report

Coursework

2,500 word case study report

FINAL

1 2 3

Not applicable

-

50%

Learning Resources

Description

Arnold G. ,(2005), Corporate Financial Management, 3rd edition, FT Pitman: Harlow

Drury C, (2009) Management and Cost Accounting, Van Nostrand Reinhold.

Otley D.T. 2002, Measuring performance: the accounting perspective, in Business Performance Measurement: Theory and Practice, (eds) Neely A, Cambridge: Cambridge University Press,

Zimmerman J (2011). Accounting for Decision Making and Control (7th ed.), McGraw-Hill.

Feedback to Students

Formative: At the end of the lecture where Formative Assessment is conducted, or a maximum of one week. Summative: Maximum of 4 weeks.

 

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