Module Code: H7FM
Long Title Financial Management
Title Financial Management
Module Level: LEVEL 7
EQF Level: 6
EHEA Level: First Cycle
Credits: 10
Module Coordinator: AKARI DEVELOPER
Module Author: Shauna Cassidy
Departments:  
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 Students will have an understanding of the fundamentals of financial management
LO2 Apply financial management theories and techniques in the context of short and long term issues facing the firm
LO3 Students will be able to comprehend and analyse financial management concepts and theories
LO4 Students will demonstrate knowledge of the structures within which financial management takes place and its role as part of the strategic and management control process
LO5 Demonstrate knowledge of investment analysis, with the ability to determine the value of alternative investment proposals.
LO6 Be able to analyse the structures within which financial management takes place and its role as part of the strategic and management control processes.
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
• Historic development of financial management • Objectives of financial management • Role of the financial manager
Capital Markets
• Sources of business finance • Capital markets: issuing Debt and Equities • The Efficient Market Hypothesis
Investment Appraisal
• The relationship between investment opportunities and shareholder wealth • Alternative methods of evaluating investment opportunities • Impact of, and methods for dealing with uncertainty • The impact of tax, inflation and capital rationing • Projects with multiple rates of return • Planning and control of capital investment projects
Sources of Finance
• 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
Financial Statement Analysis
• Ratio Analysis
Dividend Policy
• Dividends: operational and practical issues • Dividend irrelevance • Dividend relevance • Dividend payout strategies • Alternatives to cash dividends
Cost of Capital Structure
• 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
Working Capital
• Introduction to working capital • Control of working capital – relevant indicators and ratios • Management of stocks, debtors and cash • Management of creditors • Overtrading: causes, consequences and remedies
Risk Management
• Interest and exchange rate risk • Internal and external risk management • Futures contracts • Options • Swaps • Issues in risk management
Teaching Methodology
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.
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: 1,2,3,4,5,6
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination
No Workplace Assessment

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 2 Every Week 2.00
Tutorial No Description 2 Every Week 2.00
Total Weekly Contact Hours 4.00
 

Module Resources

Recommended Book Resources
  • Watson & Head. (2007), Corporate Finance: Principles and Practice, (4th edition),. Financial Times Press.
Supplementary Book Resources
  • BOAKES,. (2008), Reading and Understanding the Financial Times, 1st Edition. Financial Times Press.
  • MEGGINSON, SMART and LUCEY. (2008), Introduction to Corporate Finance, 1st Edition. Cengage Learning.
  • GRAHAM and DODD. Security Analysis: The Classic 1940, 2nd Edition. McGraw Hill.
  • GRAHAM. The Intelligent Investor: Revised Edition,, Harper Business Essentials.
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: