Short Title:Financial Management 1
Full Title:Financial Management 1
Language of Instruction:English
Module Code:FNCE H3007
 
Credits: 5
NFQ Level:7
Field of Study:Finance, banking, insurance
Module Delivered in 5 programme(s)
Reviewed By:PHIL MULVANEY
Module Author:Patricia Morris
Module Description:This module aims to provide students with a comprehensive knowledge of the theoretical foundation and framework for Financial Management. It aims to provide students with transferable analytical skills that can be applied in various business scenarios.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Define and explain the role of Financial Management and its nature and scope.
LO2 Demonstrate an understanding of the Financial Management Framework and the strategic context within which organisations operate.
LO3 Select appropriate methods and sources of information in order to prepare basic cash flow projections as preliminary work for a financial plan.
LO4 Interpret Financial Statements using suitable analytical tools such as ratio analysis for the purpose of research in a range of business and management contexts.
LO5 Identify the key aspects of working capital management principles that can be applied to business situations in a variety of contexts
Pre-requisite learning
Co-requisite Modules
No Co-requisite modules listed
 

Module Content & Assessment

Content (The percentage workload breakdown is inidcative and subject to change) %
The nature and scope of Financial Management
Financial strategy and organisational objectives for commercial and not-for-profit organisations. Financial strategy and the role of the financial manager. Corporate social responsibility towards shareholders and society.
10.00%
The Financial Management Framework
The role of commercial banks, The stock markets and financial intermediaries. The Efficient Markets Hypothesis and its implications. The international money and capital markets. The nature and purpose of stock exchanges and the implications of obtaining a stock market listing.
10.00%
Cash Flow Projections
How to prepare cash flow projections for inclusion in the financial plan of a business plan. Sales Budget. Purchases budget. Functional budgets Pricing. Using excel for cash flow projections.
20.00%
Interpretation of accounts
The financial statements and their role as providers of information for investors Operating performance The importance of cash flows Users of financial statements Solvency-liquidity ratios Debt management ratios- gearing/leverage ratios Asset management ratios or efficiency ratios Profitability ratios including Stock Market ratios Trend analysis Horizontal analysis and Common Size Statements International accounting practice Limitations of ratio analysis Other factors affecting financial performance and position and share values
30.00%
Working capital
The nature and importance of working capital management The cash flow cycle Working capital investment and sales Calculation of working capital requirements Shortening the cash cycle Methods employed to manage stock/inventory, debtors/receivables and cash Main elements of trade credit policy and assessment methods for creditworthiness of a credit customer The stages in the debt collection process Analysis of aged debtors/receivables Remedies for bad debts The management of trade creditors/payables and bank overdrafts Optimum inventory levels- safety stocks, EOQ, JIT, MRP, outsourcing Financial implications of different working capital policies Working capital problems of the small business Overtrading – reasons, causes, effects and remedies
30.00%
Assessment Breakdown%
Course Work30.00%
End of Module Formal Examination70.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Assignment Individual or Group Assessment. Topic to be decided by module lecture. 1,2,3 30.00 Week 8
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Examination 1,2,3,4,5 70.00 End-of-Semester
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.

IT Tallaght 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 Class Based Instruction 3.00 Every Week 3.00
Independent Learning Reading/Study 6.00 Every Week 6.00
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Class Based Instruction 2.00 Every Week 2.00
Independent Learning Reading/Study 7.00 Every Week 7.00
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 2.00
 

Module Resources

Required Book Resources
  • Whelan G, Financial Management for Business Students, latest Ed., Thompson
Recommended Book Resources
  • ACCA, Financial Managment F9, Latest ed Ed., BPP Professional Education Publications
  • Power, T., Walsh S., O’ Meara P., Financial Management: an Irish Text, Latest ed Ed., Gill & McMillan
  • Samuels, J.M., Wilkes, F.M., Brayshaw, R.E., Management of Company Finance, Latest ed Ed., Chapman & Hall
  • Weston, J.F., Copeland, T.E., Managerial Finance, Latest ed Ed., Cassell
  • Brett, M., How to Read the Financial Pages, Latest ed Ed., Random House Business Books
  • Pinches, G.E., Essentials of Financial Management, Latest ed Ed., Harper Collins
Required Article/Paper Resources
  • Journals, Magazines, Newspapers and Electronic Sources of information on issues relevant to Financial Management.
This module does not have any other resources
 

Module Delivered in

Programme Code Programme Semester Delivery
TA_BAMNG_B Bachelor of Business (Honours) in Management 5 Mandatory
TA_BITNL_B Bachelor of Business (Hons) International Business 5 Mandatory
TA_BAMNG_D Bachelor of Business in Management 5 Mandatory
TA_BITNL_D Bachelor of Business International Business 5 Mandatory
TA_BMNGT_D (1 year add-on) TA_BMNGT_D - Bachelor of Business in Management 5 Mandatory