MMM031-Financial Management

Module Provider: Business Informatics, Systems and Accounting
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Autumn term module
Non-modular pre-requisites:
Modules excluded: MMM040 Management Decision Making and Performance Evaluation
Current from: 2023/4

Module Convenor: Mr Tony Graham

Type of module:

Summary module description:

This module aims to equip students with relevant accounting and financial management knowledge in decision making, especially for those who have little background in accounting and financial management. The module covers relevant topics in the areas of financial accounting, management accounting and financial management, with a focus on the ability to understand the importance of accounting and financial information in decision making and critical evaluation of the use of relevant information in decision making. 


To build on a student’s knowledge of international management by examining the role and techniques of accounting and financial management. 

Assessable learning outcomes:

By the end of the module it is expected that the student will be able to: 

  1. Outline the role, nature and objectives of financial accounting, management accounting and financial management 

  2. Describe the conceptual framework of financial accounting and explain and demonstrate how it is applied in the presentation and preparation of corporate financial statements. 

  3. Calculate a range of ratios useful for evaluating enterprise profitability, efficiency, liquidity and related risk and returns to shareholders, and analyse and interpret financial statements using these ratios. 

  4. Produce solutions to practical management accounting scenarios by applying management accounting concepts and techniques 

  5. Explain the nature and importance of capital investment decision-making and apply various techniques of investment appraisal to a range of investment scenarios to make business recommendations thereon 

  6. Compare and contrast the main sources of finance available to a business and - assess their costs and benefits to a business. 

Additional outcomes:

Structured activities are designed to develop independent learning skills. Students are encouraged to develop additional IT skills by use of relevant web resources and communication techniques, including Blackboard. 

Outline content:

•Financial accounting concepts and the presentation of financial statements 

•Ratio analysis and financial decision making 

•Short-term managerial decision making 

•Managerial planning and control 

•Sources of finance 

•Capital investment decisions 

Brief description of teaching and learning methods:

Lectures of two hours per week will be used for the exposition of the major concepts, principles and techniques under consideration. Workshops of two hours duration will be used for numerical practice/application and discussion. 

Contact hours:
  Autumn Spring Summer
Lectures 20 2
Tutorials 10
Guided independent study:      
    Preparation for tutorials 10
    Preparation of practical report 30
    Revision and preparation 20 28 80
Total hours by term 90 30 80
Total hours for module 200

Summative Assessment Methods:
Method Percentage
Written exam 60
Written assignment including essay 25
Class test administered by School 15

Summative assessment- Examinations:

One 2 hour closed book unseen written exam in the Summer term.

The examination for this module will require a narrowly defined time window and is likely to be held in a dedicated exam venue.

Summative assessment- Coursework and in-class tests:

One class MCQ test is to be held in the 7th week (TT week 11) in Autumn term.

The written assignment (essay) has a word count of 1,500 ±10% excess is allowed. It is to be submitted in the first week of Spring Term (TT week 20). 

Formative assessment methods:

Workshop questions and directed self-study exercises. 

Penalties for late submission:

The below information applies to students on taught programmes except those on Postgraduate Flexible programmes. Penalties for late submission, and the associated procedures, which apply to Postgraduate Flexible programmes are specified in the policy “Penalties for late submission for Postgraduate Flexible programmes”, which can be found here:
The Support Centres will apply the following penalties for work submitted late:

  • where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.
The University policy statement on penalties for late submission can be found at:
You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Assessment requirements for a pass:

A weighted average mark of class test, coursework and examination of 50%.

Reassessment arrangements:

By examination only in August/ September (coursework will not be included in the re-assessment). 

Additional Costs (specified where applicable):



1. Computers and devices with a particular specification


Last updated: 30 March 2023


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