Module Details
Module Code: |
BUSS H3703_1 |
Module Title:
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Financial Management
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Title:
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Financial Management
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Module Level:: |
7 |
Module Author:: |
Ailish O'Brien
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Module Description: |
The aim of this module is to equip students with relevant financial management tools in the tourism/event management context. .
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Learning Outcomes |
On successful completion of this module the learner will be able to: |
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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.
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No recommendations listed |
Co-requisite Modules
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No Co-requisite modules listed |
Additional Requisite Information
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No Co Requisites listed
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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.
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Financial statements
Key principles of financial accounting, Income Statement, Statement of Financial Position, Notes to the accounts, regulatory framework of accounting.
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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.
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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.
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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.
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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.
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Module Content & Assessment
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Assessment Breakdown | % |
Project | 70.00% |
Practical | 30.00% |
AssessmentsFull Time
No End of Module Formal Examination |
Part Time
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.
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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 |
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Contact |
Class lectures, group work, class exercises, case studies/scenarios. |
12 Weeks per Stage |
6.00 |
72 |
Independent Learning |
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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 |
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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
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Recommended Book Resources |
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Atrill, P.. (2019), Financial Management for Decision Makers, 9th Edition. Pearson Publications, UK, [ISBN: 9781292311432].
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Mulej, M., O' Sullivan, G. and Strukelj, T.. (2020), Social Responsibility and Corporate Governance, Palgrave Publishing, [ISBN: 9783030441].
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Tricker, B.. (2019), Corporate Governance: Principles, Policies, and Practices, 4th Edition. Oxford, UK, [ISBN: 978019880986].
| Supplementary Book Resources |
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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 |
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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,
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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,
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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),
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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),
| Other Resources |
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Tourism Ireland.
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Financial Reporting Council.
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IFSC.
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The Wheel.
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Companies Registration Office.
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