Module Code: H8FMGT1
Long Title Financial Management 1
Title Financial Management 1
Module Level: LEVEL 8
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator:  
Module Author: DAVE CORMACK
Departments: School of Business
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Possess an in-depth knowledge of the objectives of financial management
LO2 Be able to analyse the structures within which financial management takes place and its role as part of the strategic and management control processes
LO3 Be able to comprehend and analyse financial management concepts and theories
LO4 Develop the ability to apply financial management theories and techniques in the context of short and long term issues facing the firm
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements  
 

Module Content & Assessment

Indicative Content
Introduction (15%)
• Historic development of financial management • Objectives of financial management • Role of the financial manager
Capital Markets (15%)
• Sources of business finance • The capital markets • The Efficient Market Hypothesis
Sources of Finance (30%)
• Short – term sources • Medium – term sources • Long – term sources • Ownership sources • Ordinary share capital • Preference share capital • Retained earnings • Stock exchange and methods of issuing share capital • Long term debt – debentures • Sale and lease back • Venture capital
Cost of Capital and Capital Structure (25%)
• Cost of ordinary share capital • Capital asset pricing model • Cost of preference shares • Cost of redeemable and irredeemable debt • Weighted average cost of capital • Beta values • Traditional view of capital structure and the weighted average cost of capital • Modigliani and Miller’s theories of capital structure and the weighted average cost of capital
Dividend Policy (15%)
• Dividends: operational and practical issues • Dividend irrelevance • Dividend relevance • Dividend payout strategies • Alternatives to cash dividends
Module Teaching & Learning Strategy
This module will be delivered through a combination of class-based lectures and tutorials. Case study material will be incorporated into lectures. Class exercises will be worked through during tutorials .Current topical issues are discussed and research projects, guest lecturers and assignments are used
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Full Time

No Coursework
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed:  
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination
No Workplace Assessment
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

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

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 3 Every Week 3.00
Practical No Description 1 Every Week 1.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 3 Every Week 3.00
Practical No Description 1 Every Week 1.00
Total Weekly Contact Hours 4.00
 

Module Resources

Recommended Book Resources
  • Denzil Watson. Corporate Finance Principles and Practice, Ft Prentice Hall, [ISBN: 0273725254].
Supplementary Book Resources
  • Noel Hyndman, Donal G. McKillop. Cases in Management Accounting and Business Finance, Institute of Chartered Accountants in Ireland, [ISBN: 0903854740].
  • Paul O'Meara. Financial Management, Gill & Macmillan Ltd, [ISBN: 0717145549].
  • Kennedy, McCormack, Teeling. (1993), Financial Management, 5th Ed. Gill & Macmillan.
  • WATSON and HEAD. (2010), Corporate Finance: Principles and Practice, 5th ed. Financial Times Press.
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: