Module Code: H7FAHRP
Long Title Finance & Accounting for the HR professional  
Title Finance & Accounting for the HR professional  
Module Level: LEVEL 7
EQF Level: 6
EHEA Level: First Cycle
Credits: 10
Module Coordinator: Pauline Kelly Phelan
Module Author: Isabela Da Silva
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 Demonstrate the skills to evaluate business performance contained in the financial statements – interpreting accounts to understand key financial KPIs of the business and understanding how we are performing against our competitors.
LO2 Begin able to assess a project from a financial point of view and produce a compelling business case in relation to investments and spend.
LO3 Demonstrate an ability to prepare a Balance Sheet and Income Statement – while also being able to acknowledge the difference between Profit and Cash Flow
LO4 Differentiate between different types of business structures and explain the implications of each.
LO5 Understand the role of management accounting/finance business partners in business today and the support they can provide HR professionals during budget preparations.
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

As per programme requirements.
 

Module Content & Assessment

Indicative Content
Introduction to Finance
Role of the financial manager, corporate financier & finance analyst Understanding of accounting terminology Different business structures, sole trader, private limited company, public limited company Appreciation of ethical issues in finance
Financial Accounting
General Introduction to accounting concepts, accounting bases and accounting policies (including IFRS’s). Introduction to financial statements of companies including an appreciation of the purpose of Statement of Profit or Loss, Statement of Financial Position and Statement of Cashflow Introduction to accruals, prepayments, depreciation, bad debts Appreciation of provisions and contingencies in financial statements Preparation of bank reconciliations Appreciation of VAT in business including an introduction to calculating VAT refunds/liabilities
Understanding Shareholder Value and Company Performance
Interpreting information in financial statements – Ratio and Trend analysis  Understanding its importance to the business and investors  See how companies drive value internally and externally  Make the link with strategic actions that drive value creation
Management Accounting
The development, role, and function of the Management Accounting/Finance Business Partner  Ensuring HR and finance tools work together  Overhead allocation and pricing decisions  Budgeting: How to prepare your budget? How to review your budget?  Construction and interpretation of cash budgets/forecasts Analyse methods of monitoring and controlling costs
Strategic Finance and Business Cases
Why do we need investment appraisal?  Financial management & investment decisions - Net Present Value & Payback.   Make better decisions by understanding the financial impact of your actions  Be able to assess a project from a financial point of view  Be able to make a compelling business case
Assessment Breakdown%
Coursework100.00%

Assessments

Full Time

Coursework
Assessment Type: Written Project % of total: 100
Assessment Date: n/a Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
A written project covering all learning outcomes submitted on module completion.    Projects will focus both on the theory and computational elements covered in class.   Learners will be expected to show evidence of outside reading and marks will be awarded for depth of reflection and comprehensiveness of plan for future development.
No End of Module Assessment
No Workplace Assessment
Reassessment Requirement
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.
Reassessment Description
The repeat assessment for this module is re-submission of written project.  One re-submission attempt allowed.  

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 Classroom and demonstrations 36 Per Semester 3.00
Tutorial Mentoring and small-group tutoring 12 Per Semester 1.00
Independent Learning Independent learning 202 Per Semester 16.83
Total Weekly Contact Hours 4.00
 

Module Resources

Recommended Book Resources
  • Dyson, J.R., and Franklin, E. (2020), Accounting for non-Accounting Learners, 10th Ed. FT Prentice Hall.
  • Atrill, P & McLaney, E. (2019), Accounting and Finance for Non-Specialists, 11th ed. Pearson Education Limited.
  • Gowthorpe, C. (2005), Management Accounting for non-specialists, 2nd Ed. Thomson.
  • Jones M. (2002), Accounting for Non-specialists, Wiley.
This module does not have any article/paper resources
Other Resources
  • [Website], http://www.irishtimes.com/business.
  • [Website], http://www.independent.ie/business/.
  • [Website], www.ft.com.
  • [Website], www.economist.com.
  • [Website], http://businessandfinance.com/.
  • [Website], www.wsj.com.
  • [Institutions], www.esri.ie.
  • [Institutions], www.imf.org.
  • [Institutions], www.cso.ie.
  • [Institutions], www.ecb.int.
  • [Institutions], http://www.forfas.ie/publication/search.  jsp.
Discussion Note: