MNM1FR-Managing Financial Resources

Module Provider: Business Informatics, Systems and Accounting
Number of credits: 23.4 [11.7 ECTS credits]
Level:NA
Terms in which taught:
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2018/9

Module Convenor: Niran Subramaniam

Email: n.subramaniam@henley.ac.uk

Type of module:

Summary module description:
This module covers the topics of financial accounting, management accounting, finance and microeconomics. It is designed for the practising manager recognising that every aspect of the business has an impact on the bottom line: organisations that do not effectively plan, control and monitor their finances are unlikely to achieve their operational targets and strategic business objectives. It addresses the critical issues of management control and the direction of the resources available to the organisation in the economic decision making processes essential to achieve these objectives.

Aims:
The module is designed for practising managers to enable them to:
- Make effect use of, understand and interpret financial and economic data with an appreciation of the related timeframe
- Support key management tasks of planning, controlling and decision making in the achievement of creating value in an organisation
- Develop a level of confidence in their ability to communicate on financial and economic issues

The key objectives are to:
- Introduce key concepts and theories of accounting, both financial and managerial
- Introduce the key concepts and theories of economics that are essential in managing financial resources
- Enable those taking the module to develop an ability to use and communicate on these key concepts in practice

Assessable learning outcomes:
By the end of the module it is expected that programme members 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 and use of financial information
- Explaining key aspects of economic theory and financial terminology, appreciating the distinction between financial and management accounting
- Drawing on economic theory and recognising its underpinning in the production and evaluation of financial information

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 decision 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

Their ability to:
- Communicate clearly and confidently their analysis, through written reports
- Work autonomously, as well as collaboratively, managing their process of study, prioritising appropriately
- Manage the research process to gather required information and data with minimum of guidance
- Reflect on their understanding and ability to communicate with others in the subject area

Additional outcomes:
Depending upon the mode of study 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.

Additional outcomes:
Depending upon the mode of study 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 topics covered in all modes of study address the aim of developing an appreciation and understanding of:

• The basic concepts of economic thinking


• The theories of supply and demand, markets and regulation and their relevance to the management of financial resources


• The key financial statements in terms of presentation, terminology and content


• The role of budgeting within an organisation’s planning process


• The different approaches to costing


• The techniques of decision analysis


• The financial information necessary to enable managers to make good decisions


• The assessment of company performance and key financial measures of performance


•  An introduction to company value

Brief description of teaching and learning methods:

The module uses a blended-learning approach, incorporating self study, face-to-face workshop(s) and online tutor support. The balance of activities is tailored to different modes of study:

•  Full-time MBA programme (FT): the content is delivered in a number of 6 taught sessions, supported by key readings from the course textbook and practical activities for each topic with group and cohort discussion.


•  Executive MBA programme (EM) the content is delivered in a number of 4 taught sessions, supported by key readings from the course textbook and practical activities for each topic with group and cohort discussion.


• Flexible MBA programme (FL) the content is delivered in a number of 2 taught sessions, supported by key readings from the course textbook and practical activities for each topic with group and cohort discussion

Contact hours:

	Autumn	Spring	Summer
Practicals classes and workshops	42
Total hours by term	42.00
Total hours for module	42.00

Summative Assessment Methods:

Method	Percentage
Written exam	50
Written assignment including essay	35
Oral assessment and presentation	15

Summative assessment- Examinations:
One hour.

Summative assessment- Coursework and in-class tests:

For Flexible mode – a 4000 word assignment

For Executive mode – a 2800 word assignment and group presentation

 

Formative assessment methods:

Preparatory workshop activities

Penalties for late submission:

These are in accordance with the mode of study arrangements laid out in the Programme Specifications.

Assessment requirements for a pass:

A combined mark of 50 % (combined equally weighted mark/s from exam and assignment)

Reassessment arrangements:

Reassessment by examination worth 100% of the module mark (capped at 50%), to be taken at the last available

sitting within six months of notification from the Examinations Manager following the relevant Programme Examiners’ Meeting

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: 9 October 2018