Short Title:Financial Analysis
Full Title:Financial Analysis
Module Code:FINA H3003
 
Credits: 5
NFQ Level:7
Field of Study:Electricity and energy
Module Delivered in 2 programme(s)
Reviewed By:DIARMUID RUSH
Module Author:OWEN SINNOTT
Module Description:This module aims to equip students with the knowledge, understanding and skills required to carry out basic accounting and financial analysis and to communicate effectively with accountants.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Classify costs, cost behaviours and perform basic overhead analysis.
LO2 Analyse process, joint and by-product costs.
LO3 Identify the benefits and quantify the differences between Activity Base Costing and traditional Absorption Costing methods.
LO4 Create budgets up to departmental level and carry out basic variance analysis for control purposes.
LO5 Analyse proposed investments using discounted cash flow techniques, payback period, and accounting rate of return.
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) %
Introduction to management accounting.
Cost classifications and cost behaviour. Direct and indirect costs. Assigning direct costs. Blanket overhead costs. Two stage allocation process for indirect costs.
20.00%
Definition of process costing.
Joint products and by-products. Process costing when all output is fully completed, losses in process.
15.00%
Activity Based Costing.
The problem with traditional absorption costing. The advantages and disadvantages of Activity Based Costing. ABC cost allocation process.
20.00%
The budgeting process.
Budgeting road map. Sales, production, direct labour, materials and overhead budgets. Departmental budgets. Cash budgets. Flexed budgets. Material, price and usage variances.
20.00%
Capital investment decisions.
The time value of money, compounding and discounting. Net present value. Internal rate of return. Payback method. Accounting rate of return.
25.00%
Assessment Breakdown%
Course Work40.00%
End of Module Formal Examination60.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Continuous Assessment Multiple Choice Questionnaire 1 1 10.00 Week 4
Continuous Assessment Multiple Choice Questionnaire 2 2,3 10.00 Week 7
Continuous Assessment Multiple Choice Questionnaire 3 4 10.00 Week 8
Continuous Assessment Multiple Choice Questionnaire 4 5 10.00 Week 12
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 60.00 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 Course material delivery 4.00 Every Week 4.00
Independent Learning Time Student study 4.00 Every Week 4.00
Total Weekly Learner Workload 8.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Course material delivery 4.00 Every Week 4.00
Independent Learning Time Student study 4.00 Every Week 4.00
Total Weekly Learner Workload 8.00
Total Weekly Contact Hours 4.00
 

Module Resources

Required Book Resources
  • Colin Drury, 2012, Management and Cost Accounting, 8th Ed. [ISBN: 9781408041802]
Recommended Book Resources
  • Leon Freris, David Infield 2008, Renewable energy in power systems, John Wiley & Sons Chichester, England [ISBN: 9780470017494]
  • B. K. Hodge 2010, Alternative energy systems and applications, Wiley Hoboken, NJ [ISBN: 9780470142509]
  • by Barney L. Capehart, Wayne C. Turner, William J. Kennedy 2008, Guide to energy management, 6th Ed., Fairmont Press USA [ISBN: 0881736058]
This module does not have any article/paper resources
This module does not have any other resources
 

Module Delivered in

Programme Code Programme Semester Delivery
TA_EAEEE_B Bachelor of Engineering (Honours) in Sustainable Energy Engineering 5 Mandatory
TA_EAEEE_D Bachelor of Engineering in Sustainable Energy & Environmental Engineering 5 Mandatory