MQM2FFL-Finance for Leaders

Module Provider: Business Informatics, Systems and Accounting
Number of credits: 10 [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: 2023/4

Module Convenor: Mrs Clare Calderan
Email: clare.calderan@henley.ac.uk

Type of module:

Summary module description:

This module forms part of the PGDip Leadership (Senior Leader Apprenticeship) programme and, as such, sets out to provide the knowledge, skills and behaviours required by senior leaders in today’s world.  The module covers essential financial understanding for people in leadership roles, including contributing to decisions about organisational resource requirements (budgets, people, technology) based on strategic insight and ensuring that their area of responsibility is compliant with internal and external governance, such as any regulatory and statutory requirements. 

Aims:

The module aims to: 

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  To develop knowledge and understanding of financial management and governance so that individuals can oversee financial strategies and related issues 

  
  

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: 

K8: Financial strategies, for example scenarios, modelling and identifying trends, application of economic theory to decision-making, and how to evaluate financial and non- financial information such as the implications of sustainable approaches. 

K9: Financial governance and legal requirements, and procurement strategies. 

Additional outcomes:

Additional Learning Outcomes: 

Skills: 

S8: Apply principles relating to Corporate Social Responsibility, Governance and Regulatory compliance. 

S10: Oversee development and monitoring of financial strategies and setting of organisational budgets based on Key Performance Indicators (KPIs), and challenge financial assumptions underpinning strategies. 

S11: Uses financial data to allocate resources.

S12: Oversee procurement, supply chain management and contracts such as consideration of sustainable approaches. 

Behaviours 

B1: Work collaboratively enabling empowerment and delegation. 

B2: Take personal accountability aligned to clear values. 

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

Additional Outcomes 

• Confidence 

• Understanding the importance of financial understanding in effective leadership  

Outline content:

The module covers the following topics: 

• Introduction to accounting and finance.


• The three main financial statements and the key concepts underlying their preparation. 


• Economic concepts.


• Budgeting: planning, control and performance


• Costing and decision making

Global context:

The module is taught with reference to the global context of the learners’ organisations and their experiences. 

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 Faculty and a Learning Coach, who supports the cohort throughout the module.   

Materials on Canvas include content on-screen, videos, PowerPoint presentations, journal articles, book chapte rs, practical activities and reflection points. 

Summative assessment- Examinations:

No examination. 

Summative assessment- Coursework and in-class tests:

One 3,000 word individual assignment, to be submitted as per the submission schedule for the cohort.  

Formative assessment methods:

Facilitated learning activities are undertaken during the module, including formative feedback of the 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: 

Formative assessment is either a “Proceed” or “Revise”, and emphasis is placed on providing feedback. 

Reassessment arrangements:

Formative reassessment arrangements: 

One resubmission.

Reassessment arrangements for summative assessment: 

Reassessment by 100% assignment, capped at 50%. 

Additional Costs (specified where applicable):

Travel, accommodation and subsistence:

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

Last updated: 30 March 2023