Module Code: H8FMTE
Long Title Financial Management Tools for the Enterprise
Title Financial Management Tools for the Enterprise
Module Level: LEVEL 8
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator: Danielle Mc cartan-Quinn
Module Author: Deirdre Bane
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 comprehensive understanding of the financial management function that is appropriate to the principles of an enterprise
LO2 Identify and critically apply financial forecasting techniques for planning within an enterprise.
LO3 Demonstrate a fundamental knowledge of the nature and function of financial markets.
LO4 Demonstrate a fundamental knowledge of the nature and function of financial markets.
LO5 Apply the techniques used in risk management as part of financial management of an enterprise.
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 (outlined in 4.2.2 Minimum requirements for general learning). 
 

Module Content & Assessment

Indicative Content
Topic 1: Introduction to the Financial Management Function
The nature and purpose of financial management, financial objective and the relationship with corporate strategy and stakeholders (agency theory).
Topic 2: Valuation Techniques
Reasons why valuations of entities or equity are needed. Cost of equity and debt finance including weighted average cost of capital (WACC). Business valuation techniques (asset-based approaches, market-based multiple approaches, future potential earnings/cash flows approaches). Valuation of a real-life company, using consolidated cash flow statements, calculation of free cash flow, estimation of short-term and long-term growth rates and WACC.
Topic 3: Investment Appraisal and Risk
Advanced aspects of investment appraisal. Sensitivity analysis in investment appraisal and risk management techniques.
Topic 4: Cash Management and Budgeting
Objective of cash management. Internal and external influences. Master budgets. Cash budgets.
Topic 5: Financial Statement Modelling
Predicting the financial statements for a firm based on the latest (i.e. Year 0) income statement and balance sheet. Assumptions made in preparing pro forma financial statements. Projecting the financial statements for Year 1 and extending the model to Year 2 and beyond.
Topic 6: Long-Term Sources of Finance
Ratio analysis for Gearing and Investors. Restrictive covenants. Raising equity finance.
Topic 7: Introduction to Risk Management
The nature and types of risk and approaches to risk management (transaction, translation and economic risk). Causes of exchange rate fluctuations. Theoretical discussion of internal and external management of risk strategies. Introduction to bid/ask and spread.
Assessment Breakdown%
Coursework50.00%
End of Module Assessment50.00%

Assessments

Full Time

Coursework
Assessment Type: Continuous Assessment % of total: 50
Assessment Date: n/a Outcome addressed: 1,2,4
Non-Marked: No
Assessment Description:
Candidates are required to complete one written report with a maximum word count of 3,000 words, and which may be supplemented by an Excel file, which assesses the application of financial management tools and techniques to an enterprise.
End of Module Assessment
Assessment Type: Terminal Exam % of total: 50
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
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 Classroom and demonstrations 24 Per Semester 2.00
Tutorial Mentoring and small-group tutoring 12 Per Semester 1.00
Directed Learning Directed e-learning 24 Per Semester 2.00
Independent Learning Independent learning 65 Per Semester 5.42
Total Weekly Contact Hours 5.00
 

Module Resources

Recommended Book Resources
  • Ward, A. (2020), Finance: Theory and Practice, 4th edition. Chartered Accountants of Ireland.
  • Watson, D. and Head, A. (2019), Corporate Finance: Principles and Practice, 8th edition. Pearson Education.
Supplementary Book Resources
  • Benninga, S. and Mofkadi, T. (2022), Financial Modeling, 5th edition. MIT Press.
Supplementary Article/Paper Resources
  • Journal of Applied Corporate Finance..
Other Resources
Discussion Note: