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Session: 2022/23

Last modified: 08/04/2022 09:48:24

Title of Module: Advanced Financial Management

Code: ACCT09001 SCQF Level: 9
(Scottish Credit and Qualifications Framework)
Credit Points: 20 ECTS: 10
(European Credit Transfer Scheme)
School:School of Business & Creative Industries
Module Co-ordinator:Gerry  McPake

Summary of Module

Your module develops the key financial management decision areas of investing, financing and dividend policy. Lectures and practical tutorials develop themes within areas such as capital investment decision making, gearing, the cost of capital, business valuation, dividend policy, mergers and takeovers and methods of hedging interest and foreign exchange risk.

You will benefit from the practical experience and scholarship that the lecturers who deliver this module bring to the subject.

This module is suitable for delivery overseas.

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

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.

Online with mandatory face-to-face learning on Campus

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 methods that might be adopted to adjust for risk and uncertainty within the capital budgeting process.

L2. Discuss a range of business finance theories and models including dividend policy, capital structure and cost of capital.

L3. Evaluate alternative approaches to long term investment and valuation including Modern Portfolio theory, the Capital Asset Pricing Model and Arbitrage Pricing Theory.

L4. Discuss a range of internal and external methods for hedging interest rate and foreign exchange risk.

L5. Evaluate the reasons for and merits of business growth through takeovers and mergers.

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 9.

Working with a broad and integrated knowledge of the scope of financial management to develop an understanding of key areas such as capital budgeting, business finance and valuation, risk management and takeover activity.
Detailed knowledge of the relevant theoretical models relating to dividend policy, capital structure and the cost of capital.
Evaluating the effectiveness of techniques to appraise risk in capital budgeting.

Practice: Applied Knowledge and Understanding SCQF Level 9.

Applying, interpreting and explaining investment and valuation methods and concepts including Modern Portfolio Theory, the Capital Asset Pricing Model, Arbitrage Pricing Theory.
Retrieving and interpreting primary and secondary information from a variety of sources including electronic sources.

Generic Cognitive skills SCQF Level 9.

Developing a critical analysis and evaluation of conflicting theories in areas such as dividend policy, gearing strategy and mean / variance approaches to valuation.
Synthesising information from a wide variety of sources, particularly topical academic research publications.

Communication, ICT and Numeracy Skills SCQF Level 9.

Communicating effectively and appropriately in speech and writing. Selecting and applying specified computational techniques, such as those relevant to the weighted average cost of capital and optimum portfolio selection.
Making effective use of information retrieval systems and use information technology applications to analyse and report personal research.

Autonomy, Accountability and Working with others SCQF Level 9.

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:
Module Title:
Financial Management
Other:or equivalent or HND Accounting
Co-requisitesModule Code:
Module Title:

* Indicates that module descriptor is not published.

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Learning and Teaching
The module uses lectures and tutorials, and directed study opportunities to cover the module content and learning outcomes. Lectures involve a mix of lively discussion and demonstration of advanced financial techniques, and the related underlying theory. This is also supported by practical case study examples. you are given the opportunity to review and re-enforce key concepts and techniques within lecture time, through brief examples. Tutorial time allows deeper exploration of the material introduced within lectures, by offering you the opportunity to discuss and apply techniques and theories whilst working within small groups. Collaboration and peer to peer interaction is deemed appropriate and useful to enhance your understanding of the complex extended financial problems. The module VLE is used extensively to support further investigation of theories and concepts through availability of articles, online videos, web links and discussion forums. In addition, module learning outcomes, and more general 21st century business graduate skills are achieved through the coursework assignment. The coursework assignment, and VLE support resources, provides you with the opportunity to demonstrate and develop higher skills in research, case study analysis, report writing, and academic literature review.
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., (current edition) Corporate Finance, Principles and Practice, Harlow: Pearson. (CORE TEXT)

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

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

Relevant articles from journals, newspapers and the Internet.

Kaplan F9 Textbook

(**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
ModeratorMary Fletcher
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


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Assessment: (also refer to Assessment Outcomes Grids below)
Report - 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) Learning Outcome (5) Weighting (%) of Assessment ElementTimetabled Contact Hours
Report of practical/ field/ clinical work check mark check markcheck mark300

Component 2
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Learning Outcome (4) Learning Outcome (5) Weighting (%) of Assessment ElementTimetabled Contact Hours
Unseen closed book (standard)check markcheck markcheck markcheck markcheck mark702
Combined Total For All Components100% 2 hours

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

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  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.