Module Code: |
H7FAHR |
Long Title
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Finance & Accounting for the HR professional
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Title
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Finance & Accounting for the HR professional
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Module Level: |
LEVEL 7 |
EQF Level: |
6 |
EHEA Level: |
First Cycle |
Module Coordinator: |
COLETTE DARCY |
Module Author: |
Isabela Da Silva |
Departments: |
School of Business
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Specifications of the qualifications and experience required of staff |
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Learning Outcomes |
On successful completion of this module the learner will be able to: |
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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 |
Be 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 |
Examine 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).
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No recommendations listed |
Co-requisite Modules
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No Co-requisite modules listed |
Entry requirements |
As per programme requirements (outlined in 4.2.2 Minimum requirements for general learning)
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Module Content & Assessment
Indicative Content |
Introduction to Finance
Role of the financial manager, corporate financier & finance analyst from an international perspective.
Different form of business, sole trader, private limited company, public limited company.
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Financial Accounting
Statement of Financial Position, Income Statement and Cash Flow Statements
Difference between profit and cash flow - and the importance of Cash flow in businesses
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Understanding Shareholder Value & Company Performance
Interpreting information in financial statements – Ratio and Trend analysis.
Understanding the importance to the business and investors
See how companies drive value internally and externally
Make the link with strategic actions that drive value creation
Understanding our competitors
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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?
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Strategic Finance & 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
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Assessment Breakdown | % |
Coursework | 100.00% |
AssessmentsFull Time
Coursework |
Assessment Type: |
Continuous Assessment |
% of total: |
100 |
Assessment Date: |
n/a |
Outcome addressed: |
1,2,3,4,5 |
Non-Marked: |
No |
Assessment Description: Project will cover key topics covered in module, For example and not limited to the following topics: – Interpreting Financial Statements via Ratio Analysis, Preparing Financial Statements, Produce a compelling business case. |
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No End of Module Assessment |
Reassessment Requirement |
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.
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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 |
32 |
Per Semester |
2.67 |
Directed Learning |
Directed e-learning |
6 |
Per Semester |
0.50 |
Independent Learning |
Independent learning |
212 |
Per Semester |
17.67 |
Total Weekly Contact Hours |
3.17 |
Module Resources
Recommended Book Resources |
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Dyson, J.R., Accounting for non-Accounting Students, 8th Ed., FT Prentice Hall.
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Atrill, P & McLaney, E., Accounting and Finance for Non-Specialists, 9th ED, Pearson Education Limited.
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Gowthorpe, C., Management Accounting for non-specialists, 2nd Ed,Thomson.
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Jones M , 2002, Accounting for Non-specialists, Wiley.
| This module does not have any article/paper resources |
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Other Resources |
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[Website], Irish Times,
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[Website], http://www.independent.ie/business/.
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[Website], www.ft.com.
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[Website], www.economist.com.
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[Website], http://businessandfinance.com/.
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[Website], www.wsj.com.
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[Website], ESRI,
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[Website], IMF,
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[Website], CSO,
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[Website], ECB,
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[Website], Forfas,
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