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Session: 2022/23

Last modified: 28/04/2021 15:45:44

Title of Module: Financial Management

Code: ACCT08003 SCQF Level: 8
(Scottish Credit and Qualifications Framework)
Credit Points: 20 ECTS: 10
(European Credit Transfer Scheme)
School:School of Business & Creative Industries
Module Co-ordinator:Dr Chaman  Shrestha

Summary of Module

The module introduces you to the role and purpose of the financial management function within a business. Lectures and practical tutorials guide you through issues arising from the financial environment in which a business operates, approaches to capital budgeting, methods of raising and managing short and long term finance and the role of the treasury function in business planning and managing financial risk.

You will benefit from the professional expertise and scholarship that your lecturers bring to this topic.


Module Delivery Method
Face-To-FaceBlendedFully OnlineHybridCHybridOWork-based Learning
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Face-To-Face
Term used to describe the traditional classroom environment where the students and the lecturer meet synchronously in the same room for the whole provision.

Blended
A mode of delivery of a module or a programme that involves online and face-to-face delivery of learning, teaching and assessment activities, student support and feedback. A programme may be considered “blended” if it includes a combination of face-to-face, online and blended modules. If an online programme has any compulsory face-to-face and campus elements it must be described as blended with clearly articulated delivery information to manage student expectations

Fully Online
Instruction that is solely delivered by web-based or internet-based technologies. This term is used to describe the previously used terms distance learning and e learning.

HybridC
Online with mandatory face-to-face learning on Campus

HybridO
Online with optional face-to-face learning on Campus

Work-based Learning
Learning activities where the main location for the learning experience is in the workplace.


Campus(es) for Module Delivery
The module will normally be offered on the following campuses / or by Distance/Online Learning: (Provided viable student numbers permit)
Paisley:Ayr:Dumfries:Lanarkshire:London:Distance/Online Learning:Other:
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Term(s) for Module Delivery
(Provided viable student numbers permit).
Term 1

 

Term 2check markTerm 3

 

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Learning Outcomes: (maximum of 5 statements)

On successful completion of this module the student will be able to:

L1. Demonstrate an understanding of the financial environment in terms of the roles of investors, lenders and intermediaries, market efficiency, agency theory and approaches to corporate governance.

L2. Use and interpret a range of techniques for appraising capital investment decisions.

L3. Evaluate the methods and options available to the financial management function in raising and managing short and long term finance.

L4. Demonstrate an understanding of the role of the treasury function, the key features of business plans and the financial risks faced by domestic and multi national businesses.

Employability Skills and Personal Development Planning (PDP) Skills
SCQF Headings During completion of this module, there will be an opportunity to achieve core skills in:
Knowledge and Understanding (K and U) SCQF Level 8.

Understanding of the financial environment in which a business operates and the ways in which it interacts with it.
Detailed knowledge of the types and debt and equity finance, managing assets and liabilities and the role of the treasury function.
Evaluating the effectiveness of techniques to appraise capital investment opportunities.

Practice: Applied Knowledge and Understanding SCQF Level 8.

Applying, interpreting and explaining financial management techniques and concepts.
Retrieving and interpreting primary and secondary information from a variety of sources including electronic sources.

Generic Cognitive skills SCQF Level 8.

Giving reasoned opinions, evaluating the appropriateness of specified techniques, theories and approaches to a range of situations.
Bringing together information from a variety of sources, including academic research publications.

Communication, ICT and Numeracy Skills SCQF Level 8.

Communicating effectively and appropriately in speech and writing. Selecting and applying specified computational techniques.
Making effective use of information retrieval systems and use information technology applications to present documents in an appropriate form.

Autonomy, Accountability and Working with others SCQF Level 8.

Systematically identifying and addressing their own learning needs both in current and in new areas, planning and managing secondary source materials as appropriate.

Pre-requisites: Before undertaking this module the student should have undertaken the following:
Module Code:
ACCT07003
ACCT07004
Module Title:
Accountancy Today
Financial Accounting 1
Other:
Co-requisitesModule Code:
Module Title:

* Indicates that module descriptor is not published.

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Learning and Teaching
The module is delivered by formal lecture and supported by weekly tutorials which provide an opportunity for you to practice on related materials. This is further supported by a well-developed VLE which provides a range of additional practice questions, worked solutions, mock examinations and past papers questions with solutions, voice-over slides, mind maps to help with different learning styles, multiple choice self-help tests etc. A class test is used to assess knowledge and understanding that helps prepare you for the more advanced level of this topic.
Learning Activities
During completion of this module, the learning activities undertaken to achieve the module learning outcomes are stated below:
Student Learning Hours
(Normally totalling 200 hours):
(Note: Learning hours include both contact hours and hours spent on other learning activities)
Lecture/Core Content Delivery24
Tutorial/Synchronous Support Activity12
Independent Study164
200 Hours Total

**Indicative Resources: (eg. Core text, journals, internet access)

The following materials form essential underpinning for the module content and ultimately for the learning outcomes:

Watson D and Head A, Corporate Finance, Principles and Practice (current edition), Pearson, Harlow


The following materials form additional underpinning for the module content and learning outcomes.

Arnold, G. Essentials of Corporate Financial Management (2013), 2nd Ed, Pearson, Harlow


Arnold, G. Corporate Financial Management (current edition), Pearson, Harlow

Marney, J.P. and Tarbert, H. Corporate Finance (2011), Pearson, Harlow

Pike R and Neale B, Corporate Finance and Investment, Decisions and Strategies (current edition), Pearson, Harlow

Relevant articles from journals, newspapers and the Internet

(**N.B. Although reading lists should include current publications, students are advised (particularly for material marked with an asterisk*) to wait until the start of session for confirmation of the most up-to-date material)

Engagement Requirements

In line with the Academic Engagement Procedure, Students are defined as academically engaged if they are regularly engaged with timetabled teaching sessions, course-related learning resources including those in the Library and on the relevant learning platform, and complete assessments and submit these on time. Please refer to the Academic Engagement Procedure at the following link: Academic engagement procedure

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Supplemental Information

Programme BoardAccounting, Finance and Law
Assessment Results (Pass/Fail) No
Subject PanelAccounting, Finance & Law
ModeratorMr Richard Tawiah
External ExaminerN Sutcliffe
Accreditation DetailsThis module contributes to the exemptions from various professional examinations attributable to the Bachelor of Accounting programme. Contact School for current details.
Version Number

2.07

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Assessment: (also refer to Assessment Outcomes Grids below)
Class Test - Note that the pass mark for this element is 40%, but where the overall module mark is 40% or more a mark of 35% or over will be counted as a pass.
Examination - Note that the pass mark for this element is 40%, but where the overall module mark is 40% or more a mark of 35% or over will be counted as a pass.
(N.B. (i) Assessment Outcomes Grids for the module (one for each component) can be found below which clearly demonstrate how the learning outcomes of the module will be assessed.
(ii) An indicative schedule listing approximate times within the academic calendar when assessment is likely to feature will be provided within the Student Handbook.)

Assessment Outcome Grids (Footnote A.)

Component 1
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Learning Outcome (4) Weighting (%) of Assessment ElementTimetabled Contact Hours
Class test (written)check markcheck markcheck mark 301

Component 2
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Learning Outcome (4) Weighting (%) of Assessment ElementTimetabled Contact Hours
Unseen closed book (standard)check markcheck markcheck markcheck mark702
Combined Total For All Components100% 3 hours

Footnotes
A. Referred to within Assessment Section above
B. Identified in the Learning Outcome Section above

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Note(s):
  1. More than one assessment method can be used to assess individual learning outcomes.
  2. Schools are responsible for determining student contact hours. Please refer to University Policy on contact hours (extract contained within section 10 of the Module Descriptor guidance note).
    This will normally be variable across Schools, dependent on Programmes &/or Professional requirements.

Equality and Diversity
This module is appropriate for any student.
UWS Equality and Diversity Policy
(N.B. Every effort will be made by the University to accommodate any equality and diversity issues brought to the attention of the School)

2014 University of the West of Scotland

University of the West of Scotland is a Registered Scottish Charity.

Charity number SC002520.