Module Details

Module Code: FNCE
Module Title: Financial Techniques for IT Managers
Title: Financial Techniques for IT Managers
Module Level:: 8
Credits:: 10
Module Coordinator: Nigel Whyte
Module Author:: Anita Kelly
Domains:  
Module Description: This module introduces students to the areas of management accounting relevant to a non-specialist. It aims to provide students with an understanding of the role of accounting and with an ability to appease the needs of managers for relevant financial information. It aims to provide the student with the necessary skills to analyse and manage financial information in technology-intensive organisations.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Describe the basic theory underlying the function of management accounting.
LO2 Comprehend, prepare and analyse a set of financial statements.
LO3 Apply and appraise capital budgeting appraisal techniques.
LO4 Prepare, analyse and assess cash budgets.
LO5 Comprehend and apply break-even analysis.
LO6 Apply all the above techniques to problems encountered in a work situation.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Additional Requisite Information
No Co Requisites listed
 
Indicative Content
Introduction:
The technology manager and management accounting.
Financial Analysis:
Financial statements; Comprehend, prepare and analyse a set of financial statements for both a sole trader and a company; Interpretation of financial statements.
The Behaviour of Costs:
Direct and indirect costs; Fixed and variable costs; Costing methods; Difference between marginal costing and absorption costing systems; Arguments for and against marginal and absorption costing; Application of absorption and marginal costing.
Budgeting:
Purposes and benefits of budgeting; The budget setting process; Preparation of budgets; The interrelationship of various budgets; Cash budgets.
The Nature of Investment Decisions:
Capital budgeting; Identifying relevant cash-flows; Time-value of money; Methods of investment appraisal; Investment decisions in practice; Comparison of the two key appraised techniques: Net present value and internal rate of return.
Decision Making:
Typical business decisions - quantitative and qualitative factors; Break-even analysis; Margin of safety; Break-even analysis assumptions; Application of break-even analysis to business decisions.
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment40.00%
End of Module Formal Examination60.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Examination % of Total Mark 20
Timing Week 5 Learning Outcomes 1,2,6
Non-marked No
Assessment Description
Class Test 1
Assessment Type Examination % of Total Mark 20
Timing Week 9 Learning Outcomes 1,3,4,6
Non-marked No
Assessment Description
Class Test 2
No Project
No Practical
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 60
Timing End-of-Semester Learning Outcomes 1,2,3,4,5,6
Non-marked No
Assessment Description
No Description
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

SETU Carlow Campus reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Lecture 12 Weeks per Stage 6.00 72
Estimated Learner Hours Non Contact Estimate Learner Hours 15 Weeks per Stage 11.87 178
Total Weekly Contact Hours 6.00
 
Module Resources
Recommended Book Resources
  • Colin Drury. (2017), Management and Cost Accounting, 10th. [ISBN: 1-4737-4887-9].
  • John R. Dyson. (2010), Accounting for non-accounting students, 8th. Prentice Hall, Essex, UK, [ISBN: 0-273-72297-7].
  • Peter Atrill & Eddie McLaney. (2018), Management Accounting for Decision Makers, 9th. Pearson, UK, [ISBN: 9781292204574].
  • Frank Wood & Alan Sangster. (2018), Business Accounting 1, 14th. Pearson, UK, [ISBN: 1292208626].
  • Eddie McLaney & Peter Atrill. (2012), Accounting an Introduction, 6th. Pearson, UK, [ISBN: 0-273-77183-8].
  • Pauline Weetman. (2010), Management Accounting, 2nd. Prentice Hall, England, [ISBN: 0-273-71845-1].
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: