Module Details

Module Code: BUSS H3703_1
Module Title: Financial Management
Title: Financial Management
Module Level:: 7
Credits:: 10
Module Coordinator:
Module Author:: Ailish O'Brien
Domains:  
Module Description: The aim of this module is to equip students with relevant financial management tools in the tourism/event management context. .
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Prepare and evaluate financial statements for various types of organisations
LO2 Appraise the various sources of finance, funding and sponsorship opportunities for a range of organisations
LO3 Prepare, modify and evaluate budgets and conduct pricing strategies
LO4 Evaluate environmental, social and governance issues facing organisations.
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 to financial management
The nature of financial management, role of financial management in organisations, Financial versus Management Accounting, financial institutions and the wider environment.
Financial statements
Key principles of financial accounting, Income Statement, Statement of Financial Position, Notes to the accounts, regulatory framework of accounting.
Interpretation of financial statements
Interpretation of financial statements, financial ratio analysis, uses of financial statements, limitations of financial ratios, other types of ratios appropriate to the tourism and event management sectors, working capital management: inventory, receivables, payables & cash.
Sources of finance and funding
Sources of funds - both commercial and other sources, fundraising, completing a funding application and funding providers, short, medium and long term sources of funding. E.g. bank loans, share issue, leasing, lottery funds. sponsorship, other specific bodies related to the tourism and event management sectors.
Budgeting and pricing
Types of costs, break-even analysis, budget-setting process, preparing budgets - cash and other budgets, variance analysis, evaluation of budgets, budgeting issues, pricing: economic theory, different types of pricing, pricing strategies.
Environmental, social and governance issues
Ethical perspectives and strategies, sustainability issues, corporate social reporting, integrated reporting. Definition of governance, principles of governance, governance codes, importance of governance, current issues.
Module Content & Assessment
Assessment Breakdown%
Project70.00%
Practical30.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Case Studies % of Total Mark 30
Timing n/a Learning Outcomes 1,3
Non-marked No
Assessment Description
Case study based on a tourism/event scenario.
Assessment Type Project % of Total Mark 70
Timing n/a Learning Outcomes 2,3,4
Non-marked No
Assessment Description
Group project involving 2/3 elements of the module in the areas of
funding, sponsorship, environmental, social and governance issues, working capital management
and budgeting
No Project
No Practical
No End of Module Formal Examination

Part Time

Continuous Assessment
Assessment Type Case Studies % of Total Mark 30
Timing n/a Learning Outcomes 1,3
Non-marked No
Assessment Description
Case study based on a tourism/event scenario.
Assessment Type Project % of Total Mark 70
Timing n/a Learning Outcomes 2,3,4
Non-marked No
Assessment Description
Group project involving 2/3 elements of the module in the areas of funding, sponsorship, environmental, social and governance issues, working capital management and budgeting
No Project
No Practical
No End of Module Formal Examination
Reassessment Requirement
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.

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 Class lectures, group work, class exercises, case studies/scenarios. 12 Weeks per Stage 6.00 72
Independent Learning Non Contact Research, group work, exercises. 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
Independent Learning Non Contact Class lectures, group work, class exercises, case studies/scenarios. 15 Weeks per Stage 5.93 89
Lecture Contact Class lectures, group work, class exercises, case studies/scenarios. 12 Weeks per Stage 3.00 36
Total Weekly Contact Hours 3.00
 
Module Resources
Recommended Book Resources
  • Atrill, P.. (2019), Financial Management for Decision Makers, 9th Edition. Pearson Publications, UK, [ISBN: 9781292311432].
  • Mulej, M., O' Sullivan, G. and Strukelj, T.. (2020), Social Responsibility and Corporate Governance, Palgrave Publishing, [ISBN: 9783030441].
  • Tricker, B.. (2019), Corporate Governance: Principles, Policies, and Practices, 4th Edition. Oxford, UK, [ISBN: 978019880986].
Supplementary Book Resources
  • Sherwood, M.W. and Pollard, J.. (2018), Responsible Investing: An Introduction to Environmental, Social, and Governance Investments, Routledge Publications, [ISBN: 978113856007].
Recommended Article/Paper Resources
  • Theodoulidis, B., Diaz, D., Crotto, F. and Rancatic, E.. (2017), Exploring corporate social responsibility and financial performance through stakeholder theory in the tourism industries, Tourism Management, 62,
    https://doi.org/10.1016/j.tourman.2017.0 3.018
  • Ullah, I., Yue, S., Nassani, A.A., Moinuddin, M, Abro, Q., Hyder, S. and Zaman, K.. (2020), Structural changes, financial and business regulatory measures, energy and tourism demand: Evidence from group of seven countries, International Journal of Finance and Economics,
    https://doi.org/10.1002/ijfe.1901
  • Moneva, J. M., Bonilla-Priego, M, Ortas, E.. (2020), Corporate social responsibility and organisational performance in the tourism sector, Journal of Sustainable Tourism, 28(6),
    https://doi.org/10.1080/09669582.2019.17 07838
  • Gössling, A., Scott, D. and Hall, M.. (2021), Pandemics, tourism and global change: a rapid assessment of COVID-19,, Journal of Sustainable Tourism, 29(1),
    http://DOI: 10.1080/09669582.2020.1758708
Other Resources
Discussion Note: