MNM1FIN: Financial Management

Module code: MNM1FIN

Module provider: Business Informatics, Systems and Accounting; Henley Business School

Credits: 15

Level: 7

When you'll be taught: Full year

Module convenor: Professor Liang Han, email: liang.han@henley.ac.uk

Pre-requisite module(s):

Co-requisite module(s):

Pre-requisite or Co-requisite module(s):

Module(s) excluded:

Placement information: No placement specified

Academic year: 2024/5

Available to visiting students:

Talis reading list:

Last updated: 19 November 2024

Overview

Module aims and purpose

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

Module learning outcomes

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

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

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

3. 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. 

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

5. 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. 

6. Compare and contrast the main sources of finance available to a business and - assess their costs and benefits to a business. 

Module 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 
Capital investment decisions 

Structure

Teaching and learning methods

The module is delivered by both a 1 day1-day workshop and online guided sessions. Students are provided with online learning resources for the exposition of the major concepts, principles, examples and techniques under consideration. The workshop is used for interpretation, demonstration, numerical practice/application and discussion. 

The contact hours are shown for one semester in the table below for illustrative purposes only. The actual timing will vary depending on your cohort start date.

Study hours

At least 17 hours of scheduled teaching and learning activities will be delivered in person, with the remaining hours for scheduled and self-scheduled teaching and learning activities delivered either in person or online. You will receive further details about how these hours will be delivered before the start of the module.

Please note the independent study hours above are notional numbers of hours; each student will approach studying in different ways. We would advise you to reflect on your learning and the number of hours you are allocating to these tasks.

Semester 1 The hours in this column may include hours during the Christmas holiday period.

Semester 2 The hours in this column may include hours during the Easter holiday period.

Summer The hours in this column will take place during the summer holidays and may be at the start and/or end of the module.

Assessment

Requirements for a pass

Students need to achieve an overall module mark of 50% to pass this module.  

Summative assessment

Penalties for late submission of summative assessment

This module is subject to the Penalties for late submission for Postgraduate Flexible programmes policy, which can be found at:

https://www.reading.ac.uk/cqsd/-/media/project/functions/cqsd/documents/qap/penaltiesforlatesubmissionpgflexible.pdf

The Module Convenor will apply the following penalties to work submitted late:

• where the piece of work is submitted up to one calendar month after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark; 
• where the piece of work is submitted more than one calendar month after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Formative assessment

Formative assessment is any task or activity which creates feedback (or feedforward) for you about your learning, but which does not contribute towards your overall module mark.

Reassessment

Additional costs