Module Title:Financial Management
Language of Instruction:English
Credits: 10
NFQ Level:7
Module Delivered In 1 programme(s)
Teaching & Learning Strategies: The learning outcomes will be achieved through a mix of the following: Problem-solving, self-directed learning, case studies and the use of on-line learning materials. An emphasis will be placed on group work.
Module Aim: The aim of this module is to equip students with the financial management tools in their career.
Learning Outcomes
On successful completion of this module the learner should be able to:
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 ethical and governance issues facing organisations.
LO5 Evaluate the role of the financial management function and assess the impact of the environment on financial management
Pre-requisite learning
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.

No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
No requirements listed

Module Content & Assessment

Indicative Content
Introduction to Financial Management
Financial management elements, role of financial management in organisations, Financial versus Management Accounting, financial institutions and the wider environment
Preparation of financial statements
Key principles of financial accounting Income Statement Statement of Financial Position Notes to the accounts Regulatory and conceptual framework of accounting
Interpretation of financial statements
Financial ratio analysis Uses of financial statements Limitations of financial ratios Other types of ratios 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. Short, medium and long term sources of funding. E.g. bank loans, share issue, leasing. National governing bodies, lottery funds. Sponsorship
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
Ethics and governance
Ethical perspectives and strategies, sustainability issues, corporate social reporting, integrated reporting. Definition of governance, principles of governance, governance codes, importance of governance, current issues and management.
Assessment Breakdown%
Continuous Assessment30.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Examination n/a 1,3 30.00 n/a
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Project Group project involving 2/3 elements of the module in the areas of funding, sponsorship, ethics, governance, working capital management and budgeting 1,2,3,4,5 70.00 n/a
No Practical
No End of Module Formal Examination

ITCarlow reserves the right to alter the nature and timings of assessment


Module Workload

Workload: Full Time
Workload Type Frequency Average Weekly Learner Workload
Lecture 30 Weeks per Stage 3.00
Independent Learning 30 Weeks per Stage 4.00
Total Hours 210.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 1.50
Independent Learning Time Every Week 3.00
Total Hours 4.50

Module Delivered In

Programme Code Programme Semester Delivery
CW_BWTEM_B BSc (Honours) in Tourism and Event Management 3 Elective