MQM2FFL: Finance for Leaders
Module code: MQM2FFL
Module provider: Business Informatics, Systems and Accounting; Henley Business School
Credits: 10
Level: Postgraduate Masters Stage 2
When you'll be taught: Full year
Module convenor: Mrs Sian Weatherburn, email: s.l.weatherburn@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: 5 August 2024
Overview
Module aims and purpose
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.
The module aims to develop knowledge and understanding of financial management and governance so that individuals can oversee financial strategies and related issues.
Module 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:
- 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 Learning Outcomes:
Skills:
- S8: Apply principles relating to relevant 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.
- B3: Curious and innovative - exploring areas of ambiguity and complexity and finding creative solutions.
Additional Outcomes
- Confidence
- Understanding the importance of financial understanding in effective leadership
Module 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
Structure
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 chapters, practical activities and reflection points.
Study hours
At least 7 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.
Scheduled teaching and learning activities | Semester 1 | Semester 2 | Summer |
---|---|---|---|
Lectures | |||
Seminars | 4 | ||
Tutorials | |||
Project Supervision | |||
Demonstrations | |||
Practical classes and workshops | 6 | ||
Supervised time in studio / workshop | |||
Scheduled revision sessions | |||
Feedback meetings with staff | |||
Fieldwork | |||
External visits | |||
Work-based learning | 40 | ||
Self-scheduled teaching and learning activities | Semester 1 | Semester 2 | Summer |
---|---|---|---|
Directed viewing of video materials/screencasts | |||
Participation in discussion boards/other discussions | |||
Feedback meetings with staff | |||
Other | |||
Other (details) | |||
Placement and study abroad | Semester 1 | Semester 2 | Summer |
---|---|---|---|
Placement | |||
Study abroad | |||
Independent study hours | Semester 1 | Semester 2 | Summer |
---|---|---|---|
Independent study hours | 50 |
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
Type of assessment | Detail of assessment | % contribution towards module mark | Size of assessment | Submission date | Additional information |
---|---|---|---|---|---|
Written coursework assignment | Finance for Leaders assessment brief | 100 | 3,000 words | Submission deadlines are provided in your cohort schedule and can be found on Canvas. |
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:
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.
Facilitated learning activities are undertaken during the module, including formative feedback of the assignment.
Formative assessment requirements:
Formative assessment is either a “Proceed” or “Revise”, and emphasis is placed on providing feedback.
Formative reassessment arrangements:
One resubmission.
Reassessment
Type of reassessment | Detail of reassessment | % contribution towards module mark | Size of reassessment | Submission date | Additional information |
---|---|---|---|---|---|
Written coursework assignment | Finance for Leaders assessment brief | 100 | 3,000 words | Date dependent on cohort entry and to be advised by the Programme Administrator. | Mark is capped at 50% for classification purposes |
Additional costs
Item | Additional information | Cost |
---|---|---|
Computers and devices with a particular specification | ||
Printing and binding | ||
Required textbooks | ||
Specialist clothing, footwear, or headgear | ||
Specialist equipment or materials | ||
Travel, accommodation, and subsistence |
THE INFORMATION CONTAINED IN THIS MODULE DESCRIPTION DOES NOT FORM ANY PART OF A STUDENT'S CONTRACT.