MWM003-Financial Management

Module Provider: Business Informatics, Systems and Accounting
Number of credits: 20 [10 ECTS credits]
Level:7
Terms in which taught: Autumn term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Module version for: 2017/8

Module Convenor: Mrs Alison Hennell

Email: a.hennell@henley.ac.uk

Summary module description:

This module provides students with the necessary understanding of the theory and practise of financial accounting, management accounting and introductory economics.


Aims:
The module is designed to enable students to:
? Make effect use of, understand and interpret financial data and information
? Understand and support key management accounting tasks of planning, controlling and decision making
? Develop a level of confidence in their ability to communicate on financial issues
? Understand the economic environment of business and finance

Assessable learning outcomes:

By the end of the module it is expected that students will be able to demonstrate their knowledge and understanding of key issues in the module by ? Identifying the nature of financial information, its purpose and the context of its use in organisations ? Recognising and defining the types of financial information, available financial techniques and their relevance to managers in planning, controlling and making decisions ? Discussing the principles underpinning the production of financial information ? Drawing on economic theory and recognising its underpinning in the production and evaluation of financial information They will be assessed on their ability to: ? Critically analyse the relevance and appropriateness of financial techniques and economic issues ? Synthesise, evaluate and discuss alternative theories and concepts ? Challenge the accepted tools where appropriate as part of the evaluation process ? Interpret their knowledge and understanding of the financial techniques and economic issues ? Make decisions and recommendations based upon their knowledge and understanding of related theory ? Critically reflect on their analysis and demonstrate an understanding of the implications of their recommendations ? Communicate clearly and confidently their analysis, through written reports


Additional outcomes:
There are a variety of activities to encourage the development of proficiency in the handling of financial and economic data, both individually to hone independent learning skills and in group situations.

Outline content:

? The key financial statements – profit and loss account, statement of financial position, statement of cash flows
? The assessment of company performance and key financial measures of performance
? The role of budgeting within an organisation’s planning process
? The different approaches to costing
? The techniques of short term decision analysis
? Investment appraisal
? The basic concepts of economic thinking

Brief description of teaching and learning methods:
The module uses a blended-learning approach, incorporating self-study, face-to-face lectures and workshop(s) and online support. Key module content will be delivered in 12 half-day workshops. Workshops are used for the delivery of key content and application and the development of analytical and evaluation skills. A 4 hour exam preparation workshop will be held at the end of the module.

Contact hours:
  Autumn Spring Summer
Tutorials 4
Practicals classes and workshops 42
Guided independent study 154
       
Total hours by term 200.00
       
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 60
Written assignment including essay 40

Other information on summative assessment:

Formative assessment methods:
Formative assessments are available in the text book for all topics in the module to enable students to gain the necessary practice. In addition, questions are available on Blackboard and students will practice case study style questions in workshops. Marking guides and feedback are provided where appropriate so that students can assess their own performance.

Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy.
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Length of examination:
One three hour open book unseen written exam in the Spring term (contributing 60% of the total module mark).

Requirements for a pass:
A minimum mark of 50% is required for a pass.

Reassessment arrangements:
These are in accordance with the arrangements for resubmission laid out in the Programme Specification.

Additional Costs (specified where applicable):
1) Required text books:
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 31 March 2017

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