Financial management essentials

AFM030-01

Financial management essentials provides an understanding of the conceptual and theoretical basis for managing finance. 

 

This module aims to provide a sound understanding of key issues and applied methodologies concerning financial management-related decisions and their implementation, consequences and outcomes. 

It seeks to engender in students as managers an ability to take financial management ideas and principles and apply them in the context of work-based scenarios. That process is accompanied by an ability to critically analyse and evaluate both the theoretical underpinnings and the outcomes of practical applications. These characteristics and attributes are placed specifically in the context of the inter-sections between elements, as appropriate, of financial accounting, managerial accounting, and corporate finance. 

Topics covered: 

Main topics of the module include: 

  • Financial planning. 
  • Working capital management. 
  • Investment appraisal and risk. 
  • Financing a business: sources of finance and associated issues. 
  • Cost of capital and the capital structure decision. 
  • Perspectives on shareholder value. 

Learning outcomes: 

On successful completion of this module, you will be expected to be able to:  

  • Understand key managerial finance issues and approaches to their management. 
  • Understand the significance of effective working capital management and apply selected techniques for its effective management. 
  • Identify and appraise investment opportunities, taking account of cost of capital and risk. 
  • Identify and evaluate sources of finance in the context of implications for capital structures and returns to shareholders. 
  • Identify, apply and critique approaches to determining shareholder value, and returning value to shareholders. 
  • Identify, apply and evaluate methods to value a business. 

Assessment:  

There are two assessment components: 

  • Online open book test: 2 hours; weighted at 25%  
  • Coursework: up to 3,000 words; weighted at 75%