MQM1FM-Financial Management

Module Provider: Business Informatics, Systems and Accounting
Number of credits: 15 [7.5 ECTS credits]
Level:7
Terms in which taught: Summer term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2021/2

Module Convenor: Prof Liang Han
Email: liang.han@henley.ac.uk

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.

Aims:

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

Assessable learning outcomes:

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

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

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

• 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.

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

• 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.

• 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 online resources and relevant softwares to deal with financial management information for decision making purposes.

Outline content:

The key topics of study address the aim of enabling students to develop an appreciation and understanding of:

• Financial accounting concepts and the presentation of financial statements


• Analysis and interpretation of financial statements and financial decision making


• Short-term managerial decision making


• Managerial planning and control


• Sources of finance


• C apital investment decisions

Brief description of teaching and learning methods:

The module is delivered by both workshops (2 days) and online guided sessions (6). Students would be provided learning resources online for the exposition of the major concepts, principles, examples and techniques under consideration. Workshops would be used for interpretation, demonstration, numerical practice/application and discussion.

The contact hours are a guide and the terms taught will vary depending on the start date of the cohort.