Module Title:Strategic Financial Management
Language of Instruction:English
Credits: 5
NFQ Level:8
Module Delivered In 4 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 strategic financial skills and knowledge expected of a business manager, in relation to working capital management, financing a business and strategic decision-making using investment appraisal (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 strategic financial management module.
LO2 Identify and apply relevant strategic financial management techniques when presented with defined and undefined practical business problems.
LO3 Analyse, prepare and evaluate results within a strategic financial management framework and present recommendations.
LO4 Critically evaluate the key theories, practices and techniques that are used to aid decision making in the area of strategic 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
Introduction to Strategic Financial Management
Overall strategy of an organisation. Role of finance in supporting the strategic objectives of an organisation. Forms of an organisation.
Working Capital Management
Strategic management of working capital – working capital ratios, liquidity ratios and techniques for the management of inventory, trade receivables, cash and trade payables; Over-trading (symptoms, causes, identification and remedies); Determination of working capital requirement; Working capital funding strategies.
Financing a Business
Nature and role of financial markets and institutions; Methods of share issues; 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; Pecking order theory; Working capital funding requirements and strategies. Evaluation of selected financing choices on shareholder wealth (earnings per share, share price).
Strategic Decision-Making using Investment Appraisal
Investment appraisal techniques, Identification of a projects relevant cash flows (including taxation and inflation effects); Importance of qualitative factors, single-period capital rationing, adjusting for risk and uncertainty.
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 1,2,3,4 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 1,2,3,4 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 12 Weeks per Stage 3.00
Independent Learning 15 Weeks per Stage 5.93
Total Hours 125.00
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
CW_BBLAW_B Bachelor of Business (Honours) in Business with Law 7 Elective
CW_BBBBM_B Bachelor of Business (Honours) in Management 7 Mandatory
CW_HHMKT_B Bachelor of Business (Honours) in Marketing 7 Group Elective 1
CW_BBSCM_B Bachelor of Business (Honours) in Supply Chain Management 7 Mandatory