Module Code: H7FMG
Long Title Financial Management
Title Financial Management
Module Level: LEVEL 7
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator: Patricia Maguire
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 knowledge of the objectives of financial management.
LO2 Critically appraise financial information, assessing its relevance, strengths and weaknesses.
LO3 Apply financial management theories and techniques in the context of short and long-term issues facing the firm.
LO4 Describe the sources and methods of raising finance and the relevant valuation techniques applicable.
LO5 Demonstrate familiarity with different risks inherent in the 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: Performance Appraisal
To judge the performance of a company through the analysis of the financial statements (profitability, debt/gearing, liquidity etc.).
Topic 3: Time Value of Money
Simple and compound interest, present value (perpetuities, annuities) and future value.
Topic 4: Investment Appraisal
Nature and stages of investment appraisal and investment appraisal techniques.
Topic 5: Capital Markets
Main functions of capital markets and explanation of the different sources of finance (short, medium, long-terms). Efficient market hypothesis.
Topic 6: Cost of Finance
Valuation techniques for short-term (working capital and cash conversion cycle), medium-term (leases etc.) and long-term (ordinary and preference shares, debt (redeemable and irredeemable) etc.) sources of finance. Basic weighted average cost of capital techniques.
Topic 7: Dividend Policy
Share splits / repurchases / bonus issues / rights issues and practical considerations.
Topic 8: 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%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Full Time

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 project which assesses a modern-day financial management issue. The project will be worth 30%.
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
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
  • Watson, D. and Head, A. (2019), Corporate Finance: Principles and Practice, 8th edition. Pearson Education.
  • Ward, A. (2020), Finance: Theory and Practice, 4th edition. Chartered Accountants of Ireland.
Supplementary Book Resources
  • Brealey, R., Myers, S. and Marcus, A. (2022), Fundamentals of Corporate Finance, 11th edition. McGraw Hill.
This module does not have any article/paper resources
Other Resources
Discussion Note: