Module Title:Business Finance
Language of Instruction:English
Credits: 5
NFQ Level:7
Module Delivered In 8 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 financial skills and knowledge expected of a business manager, in relation to financial statement analysis and interpretation, cost volume profit analysis and full costing and customer profitability analysis (enabled by the completion of business financial accounting 2 and business management accounting).
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Define and explain the key terms, concepts, theories and practices associated with the business finance module.
LO2 Identify and apply relevant business finance techniques when presented with defined and undefined practical business problems.
LO3 Analyse, prepare and evaluate results within a business finance framework and present recommendations.
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
Introduction to Business Finance
Role of the finance function; Corporate objectives; Agency theory; Forms of business organisation, Key developments in finance.
Financial Statement Analysis and Interpretation
Layout and interpretation of key financial statements; Key steps in financial ratio analysis; Key financial ratios and classification (profitability, working capital, liquidity and capital structure); Calculation of key ratios for assessing financial performance and position of a business; Limitations of ratio analysis.
Cost-Volume-Profit Analysis and Decision-Making
Cost behaviour: fixed, variable, semi-fixed, semi-variable; Separation of fixed and variable costs; Break-even analysis; Cost structure analysis (operating leverage); Limitations of break-even analysis; Contribution analysis for discontinuation of an activity and one-off contracts; Qualitative factors in decision-making.
Full Costing & CPA Analysis
Full cost of an unit of ouput, Overhead absorption techniques, customer profitability analysis (CPA), Output decisions in limiting factor situations.
Assessment Breakdown%
Continuous Assessment30.00%
End of Module Formal Examination70.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Other Class Assessment / Project / Presentation/ Case Study 1,2,3 30.00 Week 6
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 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 3.00
Independent Learning Every Week 6.00
Total Hours 9.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture 12 Weeks per Stage 1.50
Independent Learning Time 15 Weeks per Stage 7.13
Total Hours 125.00
 

Module Delivered In

Programme Code Programme Semester Delivery
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