MQM1BUF-Business Finance

Module Provider: Business Informatics, Systems and Accounting
Number of credits: 20 [10 ECTS credits]
Level:4
Terms in which taught: Autumn / Spring / Summer module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2022/3

Module Convenor: Mrs Sian Weatherburn
Email: s.l.weatherburn@henley.ac.uk

Type of module:

Summary module description:

The Business Finance module provides students with the foundation knowledge and skills to enable them to understand, analyse and make sense of the role of finance in their respective organisations. The module introduces theory and practice of financial accounting and management accounting, and as such through the workshop and seminars, it equips students with knowledge and practical skills that they can apply in their work.  

Aims:

The module aims to develop the students’ understanding of the concepts and principles of financial and management accounting and to be able to evaluate and interpret these within the context of their organisation.  

The module aims to enable students to:  

1. Understand, analyse, and interpret financial data and information.  

2. Understand and support key management accounting tasks of planning, controlling and decision making  

3. Develop a level of confidence in their ability to communicate financial issues. 

4. Understand the economic context of the organisation and the principles of effective procurement 

Assessable learning outcomes:

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

To know and understand: 

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  Understand the role of Finance within organisations and the importance of strategic financial management including budgets, financial management and accounting.  

  
  


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  How to create and analyse financial reports 

  
  


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  Understand economic context of organisations and approaches to procurement and contracting 

  
  


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  How to assess the commercial context in an organisational setting and how this changes over times.  

  
  

Skills 

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  Manage budgets, control expenditure, and analyse financial reports 

  
  

Additional outcomes:

Outline content:

The module covers the following topics: 

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  Introduction to Business Finance and financial management 

  
  


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  Creation and Analysis of financial reports and statements 

  
  


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  Understanding an organisation's planning and budgeting, including procurement 

  
  


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  Financial Planning and Budgeting (Deep Dive) and Budgetary Control 

  
  


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  Synthesis of business finance for corporations 

  
  

Brief description of teaching and learning methods:

Teaching and learning take 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, weekly one-hour virtual seminars with a Learning Coach, and face-to-face workshops with Faculty. 

Materials on Canvas include content on-screen, videos, PowerPoint presentations, journal articles, book chapters, practical activities, and r eflection points.  

Summative assessment- Examinations:

No examination 

Summative assessment- Coursework and in-class tests:

One 2,000-word individual assignment, to be submitted as per the submission schedule for the cohort.

A set of 10 individual presentations slides, to be submitted as per the submission schedule for the cohort.

Formative assessment methods:

Facilitated learning activities are undertaken during the seminars and workshops, including formative feedback on these activities.  

Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx 

Assessment requirements for a pass:

40% 

Reassessment arrangements:

Reassessment by 100% assignment, capped at 40%. 

Additional Costs (specified where applicable):

Last updated: 25 October 2022