Module Title:Financial Management for Accounting
Credits: 10
NFQ Level:6
Module Delivered In 1 programme(s)
Teaching & Learning Strategies: Lectures - communication of knowledge and ideas from the lecturer to the student. Problem Solving Exercises - student will work as part of a team and will work together to resolve various business scenarios. Class Discussion/Debate - Students will be encouraged to actively participate in the class sessions which will develop their analytical and communication skills. E-Learning - It is envisaged that the module will be supported with on-line learning materials. Self-Direct Independent Learning - the emphasis on independent learning will develop a strong and autonomous work and learning practices.
Module Aim: The aim of this module is to develop skills and knowledge expected of a finance manager, in relation to investment and financing decisions (enabled by the completion of financial accounting 1). The depth and breadth of module content and assessment are designed to gain maximum exemptions from professional accountancy bodies, appropriate to a Higher Certificate in Accounting programme.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Define and explain the key terms, concepts and practices for: Planning and controlling cash flows; Assessing business performance; Optimising the use of working capital; Allocating resources to capital expenditure projects; and Financing operations; in the pursuit of corporate objectives.
LO2 Identify and apply appropriate financial management techniques when presented with defined and undefined practical business problems.
LO3 Analyse and interpret results and outcomes within a financial management framework and make recommendations.
LO4 Examine the tools and techniques that are used to aid decision-making in the area of 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
Requirements
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
Financial Management Framework
Nature and purpose of financial management; Main areas of financial management decisions; Corporate objectives; Agency problem; Balancing risk and return; Current and emerging developments in finance.
Financial Planning
The role of projected financial statements; Preparation of projected financial statements; Interpretation of projected statements for decision-making purposes.
Financial Statement Analysis and Interpretation
Key steps in financial ratio analysis; Key financial ratios and classification; Calculation of key ratios for assessing financial performance and position of a business; Limitations of ratio analysis; Overtrading (symptoms, causes and remedies).
Working Capital Management
Nature, elements, and importance of working capital and liquidity management; Objectives of working capital management: Profitability versus liquidity; Determining working capital needs and funding strategies; Management of inventories, accounts receivable, accounts payable and cash; Working capital problems for small businesses.
Capital Investment Appraisal
The nature of investment decisions and the appraisal process; Non-discounted cash flow techniques; Discounted cash flow (DCF) techniques.
Sources of Business Finance
Nature and role of financial markets and institutions; Impact of European Central Bank and Central Bank monetary policy; The Stock Exchange; Methods of share issues; Sources of long, medium and short-term equity and debt financing; Internal sources of finance; Venture capital and other sources of finance suitable for small and medium sized businesses.
Cost of Capital and Capital Structure
Cost of equity and debt finance; Weighted average cost of capital (WACC); Financial gearing; The capital structure debate; Impact of cost of capital on investments.
Assessment Breakdown%
Continuous Assessment30.00%
End of Module Formal Examination70.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Other Various 1,2,3,4 30.00 n/a
No Project
No Practical
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Examination 1,2,3,4 70.00 End-of-Semester

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 Every Week 2.00
Tutorial Every Week 1.00
Independent Learning Every Week 4.00
Total Hours 7.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 1.50
Independent Learning Time Every Week 5.50
Total Hours 7.00
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BBCAA_C Higher Certificate in Accounting 2 Mandatory