Indicative Content |
Costing a Service
Introduction to costing. Breakdown of direct and indirect costs. Allocation, apportionment and absorption of overheads. Introduction to ABC and comparison with the traditional costing methods. Mark-up and margin. Acquisition costs, conversion costs/ rates, PPC
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Decision Making
Cost Volume Profit Analysis, Distinction between fixed, variable and semi-fixed costs: Identifying fixed and variable costs using high low technique: Calculation of CVP formula (break-even, margin of safety, target profit): Practical applications of CVP analysis in assisting management planning and decision-making; Limitations of CVP analysis
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Pricing Theory
Customer and Pricing Decisions. Pricing products & services using cost-based, demand-based, target-based and other pricing strategies.
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Investment Appraisal
Introduction to investment appraisal. Investment Appraisal and Decision-Making, Difference between cash & profit; Traditional methods of investment appraisal; Discounted cash flow methods of investment appraisal; Strengths & limitations of appraisal methods; Identification of a project's relevant costs and benefits.
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Sources of Finance
Sources of long, medium and short-term equity and debt financing; Internal sources of finance; Private equity and other sources of finance suitable for small and medium sized businesses; Factors to consider when choosing a suitable source of finance; Working capital funding requirements and strategies.
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SETU Carlow Campus reserves the right to alter the nature and timings of assessment
Module Resources
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Recommended Book Resources |
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PETER. MCLANEY ATRILL (EDDIE.),E. J. McLaney. (2019), ACCOUNTING AND FINANCE FOR NON-SPECIALISTS 11TH EDITION e book, [ISBN: 9781292244051].
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Dr Peter Atrill. (2020), Financial Management for Decision Makers 9th edition e book, Pearson Higher Ed, p.736, [ISBN: 9781292311463].
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Supplementary Book Resources |
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Frank Wood and David Horner. Frank Wood's business accounting basics, Financial Times Prentice Hall, Harlow, [ISBN: 9780273725008].
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This module does not have any article/paper resources |
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This module does not have any other resources |
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