MNM2FIN-Finance

Module Provider: Business Informatics, Systems and Accounting
Number of credits: 15 [7.5 ECTS credits]
Level:7
Terms in which taught: Autumn / Spring / Summer module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2022/3

Module Convenor: Dr Niran Subramaniam
Email: n.subramaniam@henley.ac.uk

Type of module:

Summary module description:

This module forms part of the PGDip Business Administration (Senior Leader Apprenticeship) programme and, as such, sets out to provide the knowledge, skills and behaviours required by senior leaders in today’s world, in relation to understanding financial strategies. The module covers a range of areas relating to finance and is designed to meet the learning outcomes of Apprenticeship Standard D: Finance.

Having analysed topics relating to Strategy, Innovation & Change, and Enterprise & Risk, it is important now to incorporate an understanding of financial strategies. The module 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 financial resources are unlikely to achieve their operational targets and strategic business objectives. As such, this module covers core topics in financial accounting, management accounting, finance, microeconomics and procurement to provide a strong foundation for managerial planning, control and decision making. The module is designed to addresses the critical issues of planning and management control to enable managers to direct the resources available to an organisation in the most efficient and effective manner so that they make decisions, which are essential to achieve their business objectives.

Aims:

The Finance module is designed for practising managers to enable them to: 

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  make effective use of, understand and interpret financial and economic data with an appreciation of the related timeframe 

  
  


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  support key management tasks of planning, controlling and decision-making in the achievement of creating value in an organisation 

  
  


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  develop a level of confidence in their ability to communicate on financial and economic issues 

  
  

Assessable learning outcomes:

Assessable learning outcomes: 

By the end of the module, it is expected that programme members will be able to demonstrate their ability in the following areas: 

 

To know and understand: 

D1(K8).?Financial strategies, for example, scenarios, modelling and identifying trends. 

D2 (K8). The application of economic theory to decision-making 

D3 (K8). How to evaluate financial and non-financial information  

D4 (K9). Financial governance and legal requirements. 

D5 (K9). Procurement strategies 

To be able to: 

D6 (S10).?Oversee development and monitoring of financial strategies 

D7 (S10).?Challenge financial assumptions underpinning strategies. 

D8 (S10).?Oversee setting of organisational budgets based on Key Performance Indicators (KPIs). 

D9 (S11).?Use financial data to allocate resources 

D10 (S12). Oversee procurement, supply chain management and contracts 

Additional outcomes:

Skills 

By the end of the module, it is expected that programme members may begin to demonstrate their ability to: 

A11 (S3). Be able to undertake research and critically analyse and integrate complex information.  

Behaviours  

By the end of the module, having applied learning in the workplace, the learner may begin to develop the following behaviours: 

B1: Work collaboratively enabling empowerment  and delegation.  

B2: Take personal accountability aligned to clear values. 

B3: Curious and innovative – exploring areas of ambiguity and complexity and finding creative solutions 

B4: Value difference and champion diversity. 

B5: Seek continuous professional development opportunities for self and wider team. 

Outline content:

Outline content for this module is as follows: 

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  The key financial statements in terms of presentation, terminology, content and the relationship between them 

  
  


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  Analysis of financial statements, interpreting and communicating financial ratios 

  
  


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  The assessment of company performance and key financial measures of performance 

  
  


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  An introduction to time value of money, cost of capital 

  
  


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  An introduction to company valuation using multiples and discounted cash flow 

  
  

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  The basic concepts of economic thinking relevant to firms in different industries 

  
  


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

  
  


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  The costing concepts relevant to making decisions in the short term and in the long term 

  
  


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  The role of budgeting and budgetary control within an organisation’s planning process 

  
  


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  The techniques of decision analysis, and methods of investment appraisals 

  
  

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  The financial information necessary to enable managers to make good decisions 

  
  

Global context:

The module is taught with reference to global perspectives, where appropriate.  

Brief description of teaching and learning methods:

Teaching and learning takes place through a blended learning approach. The teaching and learning methods comprise a combination of self-study via a range of online materials on the Canvas learning platform, face-to-face workshops with Academic Faculty and a Learning Coach, and facilitation of learning by a Learning Coach (face-to-face and online).  Programme members take an Action Learning approach, and each person forms part of an Action Learning set of approxim ately 6 - 8 learners throughout the Finance module. 

Materials on Canvas include content on-screen, videos, PowerPoint presentations, journal articles, book chapters, practice applications and reflection points.  

Summative assessment- Examinations:

Number and length of final examination(s): 

N/A 

Summative assessment- Coursework and in-class tests:

One 5,000 word individual assignment, to be submitted as per the submission schedule for the cohort.  

Formative assessment methods:

Facilitated learning activities are undertaken to support formative evaluation of the learning. These activities are not assessed for the purposes of the final module evaluation. 

This formative assessment takes the form of feedback on progress given to students at the Action Learning workshops or during other interactions with the Learning Coach as well as formative assessment of the individual assignment. 

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:

Formative assessment requirements for a decision of ‘Proceed’: 

Evaluation of the work-based project leads to a decision of ‘Proceed’ or ‘Revise’.  In order to gain a ‘Proceed’ the learner must satisfactorily meet 50% of the learning outcomes for the module (listed above).  Any learning outcomes not achieved will be highlighted for the learner, so that it is clear that these learning outcomes should be addressed prior to reaching Gateway for the End Point Assessment (EPA).  Learners may revise their project as many times as necessary, as they progress through the programme.  However, only one resubmission will be evaluated and feedback provided by the Learning Coach (see reassessment arrangements, below).   

Reassessment arrangements:

Formative reassessment arrangements: 

The revised work-based project should be submitted as soon as possible and no later than 6 weeks after notification of the ‘revise’ decision.  This resubmission will be evaluated by the Learning Coach, feedback will be provided and an indication of whether the revised project has met the ‘Proceed’ criteria.  No further resubmissions will be evaluated by the Learning Coach.  The student will need to address any remaining gaps regarding achievement of learning outcomes prior to reaching Gateway for the L7 SLA End Point Assessment.  Students should discuss this with their Apprenticeship Tutor at their planned review meetings. 

Reassessment arrangements for summative assessment: 

Reassessment by 100% assignment, capped at 50%. 

Additional Costs (specified where applicable):

Expenses when attending workshops (in the case of a workshop taking place at Greenlands.) 

Last updated: 22 September 2022