Module Code: H9FM
Long Title Financial Management
Title Financial Management
Module Level: LEVEL 9
EQF Level: 7
EHEA Level: Second Cycle
Credits: 5
Module Coordinator: Anne Cooper
Module Author: Andrea Del Campo Dugova
Departments: School of Business
Specifications of the qualifications and experience required of staff

The lecturer of this module is required to have a Level 9 qualification in Accounting or a cognate discipline, relevant industry experience, as well as a track record of teaching in a higher institution.   
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Develop and synthesise comprehensive knowledge of the objectives of financial management
LO2 Critically appraise financial information, assessing its relevance, strengths and weaknesses
LO3 Apply investment appraisal skills to aid organisational decision-making
LO4 Appreciate the concept of working capital management, in terms of cash, inventory, receivables and payables
LO5 Identify and critically appraise various sources of finance
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

There are no additional entry requirements for this module.  The programme entry requirements apply.  No pre-requisites or co-requisites apply.   
 

Module Content & Assessment

Indicative Content
Introduction to Financial Management. (5%)
The purpose and scope of financial management which involves covering the characteristics of financial management. Explain the differences between strategic, tactical and operational planning and the role of financial management at each level. Identify and explain both internal and external sources of financial management information and explain the significance of financial management information on planning, control and decision making.
Performance Appraisal. (15%)
Explain, discuss, calculate and interpret the relative performance of an organisation using conventional ratio analysis (profitability, liquidity, gearing and investor ratios).
Investment Appraisal. (30%)
Explain the capital investment appraisal process and its importance in the capital budgeting process. Distinguish between cash-based investment and profit-based investment appraisal. Explain, discuss and calculate net present value (NPV) incorporating inflation and taxation (including capital allowances) as an investment appraisal technique. Explain, discuss and calculate internal rate of return (IRR) and compare and contrast NPV and IRR as investment appraisal techniques.
Working Capital Management. (30%)
Explain and discuss the importance of working capital management in the financial management arena. Explain and calculate the cash operating cycle and the importance of continuously monitoring and managing this cycle in the context of the industry in which the organisation operates. Explain and calculate key working capital ratios, interpreting findings and formulating recommendations for their improvement.
Sources of Finance. (20%)
Identify and discuss short-term sources of finance, in addition to long-term sources of equity finance. Identify and discuss long-term sources of debt finance. Compare/contrast and calculate the impact of raising debt or equity finance on Earnings per Share or gearing ratios. Explain and discuss the relative merits of retained earnings as a source of finance and the considerations involved in formulation of a dividend policy.
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Blended

Coursework
Assessment Type: Continuous Assessment % of total: 30
Assessment Date: n/a Outcome addressed: 1,2,3
Non-Marked: No
Assessment Description:
Candidates are required to complete one in-class examinations. The in-class examination will be worth 30%.
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed: 2,3,4,5
Non-Marked: No
Assessment Description:
Final Examination (70%) will be 3 hours in duration and will contain a compulsory 50-mark question. Students must also answer 2 other questions. The examination will include computational and written elements.
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.
Reassessment Description
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: Blended
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Directed Learning Directed e-learning 36 Per Semester 3.00
Independent Learning Time Independent Learning 89 Per Semester 7.42
Total Weekly Contact Hours 3.00
 

Module Resources

Recommended Book Resources
  • Arnold G. (2016), Corporate Financial Management, FT Prentice Hall.
  • Power, Walsh and O’Meara. Financial Management, Latest Edition. Gill & Macmillan Ltd.
Supplementary Book Resources
  • Breary, R. Principles of Corporate Finance, latest edition. McGraw Hill.
This module does not have any article/paper resources
Other Resources
  • [Websites], As advised during class and provided by a link on Moodle under each relevant topic..
Discussion Note: