| Module Title: | Financial Management |
|---|
| Language of Instruction: | English |
|---|
| Module Delivered In |
No Programmes
|
| 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 |
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 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 Assessment | 30.00% |
| Project | 70.00% |
| Continuous Assessment |
|---|
| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Examination |
n/a |
1,3 |
30.00 |
n/a |
| Project |
|---|
| 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 End of Module Formal Examination |
SETU Carlow Campus 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 |
|