Module Details

Module Code: FNCE
Module Title: Financial Management
Title: Financial Management
Module Level:: 7
Credits:: 10
Module Coordinator: Janette Davies
Module Author:: Ailish O'Brien
Domains:  
Module Description: The aim of this module is to develop students' skills, knowledge and competences relating to the financial management decisions of organisations.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Evaluate the financial management function and corporate governance issues facing organisations.
LO2 Assess traditional and discounted models of investment appraisal and assess the methods used to review and control capital expenditure projects
LO3 Interpret and analyse the financial statements of a business using ratio analysis
LO4 Apply working capital management techniques to a range of scenarios.
LO5 Evaluate various sources of business finance and funding opportunities
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
Financial context
Capital markets, financial institutions, corporate objectives, corporate governance and the role of finance in an international context.
Interpretation of financial statements
Ratio analysis, predictors of financial distress, limitations to financial analysis, financial analysis in the context of different types of organisations adopting a reporting format.
Sources of finance
Long, medium and short term funding. Applying for funding, government funding, venture capital.
Capital investment appraisal
Net present value, internal rate of return, accounting rate of return, payback including relevant costs, inflation and taxation. Approaches to review and control capital expenditure projects
Working capital management
Receivables, payables, cash, inventories management in a variety of organisational contexts.
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment40.00%
Project30.00%
Practical30.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Case Studies % of Total Mark 40
Timing n/a Learning Outcomes 2,3,4
Non-marked No
Assessment Description
Analysis and interpretation of financial statements, working capital management and capital investment appraisal.
Project
Assessment Type Project % of Total Mark 30
Timing n/a Learning Outcomes 1,3,4,5
Non-marked No
Assessment Description
Group project involving the selection of topic related to corporate governance, ratio analysis/working capital management or funding.
Practical
Assessment Type Practical/Skills Evaluation % of Total Mark 30
Timing n/a Learning Outcomes 1,5
Non-marked No
Assessment Description
Financial context, corporate governance and sources of finance.
No End of Module Formal Examination

Part Time

Continuous Assessment
Assessment Type Case Studies % of Total Mark 40
Timing n/a Learning Outcomes 2,3,4
Non-marked No
Assessment Description
Analysis and interpretation of financial statements, working capital management and capital investment appraisal.
Project
Assessment Type Project % of Total Mark 30
Timing n/a Learning Outcomes 1,3,4,5
Non-marked No
Assessment Description
Group project involving the selection of topic related to corporate governance, ratio analysis/working capital management or funding.
Practical
Assessment Type Practical/Skills Evaluation % of Total Mark 30
Timing n/a Learning Outcomes 1,5
Non-marked No
Assessment Description
Financial context, corporate governance and sources of finance.
No End of Module Formal Examination
Reassessment Requirement
Exam Board
It is at the discretion of the Examination Board as to what the qualifying criteria are.

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 Lectures including group work, class exercises, case studies and scenarios. 12 Weeks per Stage 6.00 72
Independent Learning Time Non Contact Independent research, group activities, project work, research using academic and professional bodies. 15 Weeks per Stage 11.87 178
Total Weekly Contact Hours 6.00
Workload: Part Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Lectures including group work, class exercises, case studies and scenarios 12 Weeks per Stage 3.00 36
Independent Learning Non Contact Independent research, group activities, project work, research using academic and professional bodies. 15 Weeks per Stage 5.93 89
Total Weekly Contact Hours 3.00
 
Module Resources
Recommended Book Resources
  • Atrill, P.. (2019), Financial Management for Decision Makers, 9th Edition. [ISBN: 9781292311432].
  • Ward, A.M.. (2020), !!!Book Not Found, 4th Edition. CAI PUblications, Ireland, [ISBN: 978-1-912350].
Supplementary Book Resources
  • Higgins, R.. (2018), Analysis for Financial Management, 12th Edition. McGraw Hill, United States of America, [ISBN: 978-125991896].
  • McLanley, E.. (2017), Business Finance, 11th Edition. Pearson Education Limited, United Kingdom, [ISBN: 97812921344].
Recommended Article/Paper Resources
  • Purewal, K. and Haini, H.. (2021), Re-examining the effect of financial markets and institutions on economic growth: evidence from the OECD countries, Economic Change and Restructuring, January,
    https://link.springer.com/article/10.100 7/s10644-020-09316-2
  • Dhole, S., Mishra, S. and Mohan Pal, A.. (2019), Efficient working capital management, financial constraints and firm value: A text-based analysis, Pacific Basin Finance Jouranl, 58,
    https://doi.org/10.1016/j.pacfin.2019.10 1212
  • Altman. (2020), Applications of Distress Prediction Models:What Have We Learned After 50 Years from theZ-Score Models?, International Journal of Financial Studies,
    https:// doi:10.3390/ijfs6030070
  • Ashraf, S. Félix, E..G. and Serrasqueiro, Z.. (2019), Do Traditional Financial Distress Prediction ModelsPredict the Early Warning Signs of Financial Distress?, Journal of Risk and Financial Management, 12(55),
    http://doi:10.3390/jrfm12020055
Other Resources
Discussion Note: