Long Title:Financial Management Tools for the Enterprise
Language of Instruction:English
Module Code:H8FMTE
Credits: 5
NFQ Level:LEVEL 8
Field of Study: Business and administration not further defined or elsewhere classified
Module Delivered in 2 programme(s)
Module Coordinator: Deirdre Bane
Module editor: Deirdre Bane
Teaching and Learning Strategy: This module will be taught using a mix of a traditional instructivist and constructivist approaches. Teaching and learning will take place primarily through theoretical material, practical workbooks, ongoing formative assessment and case studies. The teaching and learning strategy will be applied in lectures and tutorials and will focus on the understanding and application of knowledge in a practical and applied manner.Participants will be guided towards suitable online supporting material including videos and interactive textbook exercises (including MCQs, critical thinking questions, discussion questions, etc.). Practical applications of financial management tools and techniques will be important; for example how to hedge payables and receivables in an international context.
Module Description: The aim of this module is to ensure graduates are successful in the application of financial management techniques within a business environment. Financial management is the acquisition of financial resources and the assurance of their effective and efficient use. Proper financial management of any enterprise is critical as financial resources are necessary to enhance competitiveness, growth and value creation of any enterprise. The aim of this module is to create learner competency in the financial management domain. Students will gain information, skills, and the tools necessary for the acquisition of financial resources ranging from forming linkages with financial resource providers to the effective and efficient use of these resources (planning, risk management, liquidity and cash management, etc.).
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Demonstrate a comprehensive understanding of the financial management function and principles of an enterprise.
LO2 Identify and apply financial forecasting techniques (for example, sensitivity analysis and scenario management) for planning within an enterprise.
LO3 Explain the process of internationalising your business or the Born Global enterprise and demonstrate a fundamental knowledge of the nature and function of the financial markets.
LO4 Describe the sources and methods of raising finance and the relevant valuation techniques applicable.
LO5 Apply the techniques used in risk management and foreign exchange exposures of an enterprise, in particular.
Pre-requisite learning
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
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 

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: Financial Statement Modelling
Historical ratio analysis, projecting income statement/cashflows and statement of financial position, working capital assessment and external funds needed.
Topic 3: Internationalising your business or the Born Global enterpris
How and why firms engage in international business. The nature of born global enterprises. Trade finance methods in an international context.
Topic 4: The nature, role and function of the financial markets.
The nature, role and function of financial markets, including money, bond, equity and derivatives market. The role of the central bank (ECB or Federal Reserve for example) and impact on credit and liquidity.
Topic 5: Sources and Methods of Raising Finance
Methodologies, conventions and industry norms of internal and external sources of finance in the short, medium and long term. Identify and discuss boothstrapping, equity (IPOs and valuations), debt, venture capital, government, crowdsourcing (debt and equity) and any new financial innovations which may emerge.
Topic 6: Valuation Techniques
Cost of equity and debt finance including weighted average cost of capital.
Topic 7: Valuation Techniques
Business valuation techniques (Dividend valuation model, P/E, assets based, EBIT, etc.) and/or exit valuation strategies, crowdsourcing conventions, etc.
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. Introduction to foreign exchange positions/exposure of an enterprise (payables/receivables/loans and other cashflows). Theoretical discussion of internal and external management of risk strategies. Explanation of buy and sell rates in FOREX.
Topic 9: Risk Management techniques
Strategies and tools for managing foreign exchange exposure: meaning of spot/forward rates, forwards/futures/money market hedges/forward rate agreements, etc., to help manage the operations (receivables and payables) and external financing sources.
Assessment Breakdown%
Coursework50.00%
End of Module Assessment50.00%

Full Time

Coursework
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Written Report Word Count: 3,000 for the written report maximum. You are required to apply the tools and techniques of Financial Management to your enterprise. Your enterprise maybe a Start-up or Born global company. The overall objective is for you to create a case study of the financial management issues relating to your enterprise and illustrate how you have managed these issues effectively and efficiently within your assignment. • Company profile decision will be finalized in week 2. • The assignment can be operated as either an individual piece of work or through group work. 1,2,3,4,5 50.00 n/a
End of Module Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Terminal Exam n/a 1,2,3,4,5 50.00 End-of-Semester
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

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 2 Every Week 2.00
Tutorial No Description 1 Every Week 1.00
Independent Learning No Description 7.5 Every Week 7.50
Total Hours 10.50
Total Weekly Learner Workload 10.50
Total Weekly Contact Hours 3.00
This module has no Part Time workload.
 

Module Resources

Recommended Book Resources
  • Thomas Power, Stephen Walsh and Paul O'Meara 2009, Financial Management, 3rd Ed., Gill and McMillian Ireland
  • Denzil Watson, Antony Head 2013, Corporate Finance, 6th Ed., Pearson Education, Limited
Recommended Article/Paper Resources
  • Journal of Finance Unavailable
  • Journal of Quantitative Finance Unavailable
  • Journal of International Financial Management & Accounting Unavailable
  • Journal of Multinational Financial Management Unavailable
  • Journal of Risk and Financial Management Unavailable
  • International Small Business Journal Unavailable
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
BAHBMD BA (Hons) in Business 5 Optional
BAHPSYCH Bachelor of Arts (Hons) Psychology 6 Group Elective 1B