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Session: 2022/23
Last modified: 08/04/2022 10:29:02
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Title of Module: Advanced Financial Functions |
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Code: ACCT11027 |
SCQF Level: 11
(Scottish Credit and Qualifications Framework) |
Credit Points: 10 |
ECTS: 5
(European Credit Transfer Scheme) |
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| School: | School of Business & Creative Industries |
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| Module Co-ordinator: | Dr Michael
Guo |
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| Summary of Module |
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This module introduces students to key strategic concepts in the planning and management of financial resources in organisations. Students will develop knowledge of a range of techniques that underpin financing and investment decisions and will appraise the role of budgets in achieving strategic organisational objectives. Three key areas covered in this module include financial planning and budgeting, making investment decisions, and financing organisations.
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| Module Delivery Method |
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| Face-To-Face | Blended | Fully Online | HybridC | HybridO | Work-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.
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| Term(s) for Module Delivery |
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(Provided viable student numbers permit).
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| Term 1 | | Term 2 | | Term 3 | |
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| Learning Outcomes: (maximum of 5 statements) |
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On successful completion of this module the student will be able to:
L1.
Determine appropriate financial tools and processes to finance organisations
L2.
Critically evaluate financial planning and budgetary systems as an aid to resource allocation
L3.
Apply appropriate appraisal techniques to make investment decisions |
| Employability Skills and Personal Development Planning (PDP) Skills |
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| SCQF Headings |
During completion of this module, there will be an opportunity to achieve
core skills in:
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| Knowledge and Understanding (K and U) |
SCQF Level 11.
A broad and integrated knowledge of the main areas of capital investment decision making
A critical understanding of the theories and principles of budgeting to under-pin strategic objectives
Extensive and critical knowledge of these specialised areas of advanced financial functions |
| Practice: Applied Knowledge and Understanding |
SCQF Level 11.
Using a range of skills and techniques as appropriate to the discipline
Applying a range of techniques of enquiry and research
Planning and executing the analysis and presentation of the findings of a case study |
| Generic Cognitive skills |
SCQF Level 11.
Applying critical analysis and evaluation to some issues in advanced financial analysis
Identifying, abstracting, responding creatively to theoretical and practical issues
Critically reviewing and extending knowledge; and making informed judgements when information is inconsistent or incomplete |
| Communication, ICT and Numeracy Skills |
SCQF Level 11.
Communicating effectively to a range of audiences, including peers and tutors
Using a range of software packages to support and enhance learning
Critically evaluating a wide range of numerical and graphical data as appropriate
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| Autonomy, Accountability and Working with others |
SCQF Level 11.
Exercising substantial autonomy and initiative in studies
Taking responsibility for own work and the work of others in group work
Dealing with complex ethical issues raised in advanced financial decisions |
| Pre-requisites: |
Before undertaking this module the student should have
undertaken the following:
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Module Code:
| Module Title:
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| Other: | |
| Co-requisites | Module Code:
| Module Title:
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* Indicates that module descriptor is not published.
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| Learning and Teaching |
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The module employs hybrid learning approaches. Students will be exposed to core concepts and ideas through the use of asynchronous, online lectures and activities designed to allow students to engage with the material in a flexible manner. Synchronous online support sessions will concentrate on interactive learning designed to allow students to engage with staff and classmates and deepen their understanding of the subject material. The social learning platform will be used to share key information and provide opportunities for interaction with staff and other students.
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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) |
| Asynchronous Class Activity | 12 |
| Tutorial/Synchronous Support Activity | 6 |
| Independent Study | 82 |
| 100
Hours Total
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**Indicative Resources: (eg. Core text, journals, internet
access)
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The following materials form essential underpinning for the module content
and ultimately for the learning outcomes:
Scott, P. (latest edition), Accounting for Business, Oxford University Press
Additional recommended Reading:
Dyson, J.R. (latest edition) Accounting for Non-accounting Students. 8th Ed, Harlow: Pearson
Pike R., Neale B. and Linsley, P. (latest edition) Corporate Finance and Investment, 7th Ed, Harlow: Pearson
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(**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)
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| Engagement Requirements |
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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 Board | Accounting, Finance and Law |
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| Assessment Results (Pass/Fail) |
No
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| Subject Panel | Accounting, Finance & Law |
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| Moderator | Kieran James |
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| External Examiner | Chris Soan |
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| Accreditation Details | N/A |
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| Version Number | 2.06 |
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| Assessment: (also refer to Assessment Outcomes Grids below) |
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| Evaluation of financial case study 70% |
| Class test (online multiple choice questions) 30% |
(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.)
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Assessment Outcome Grids (Footnote A.)
Footnotes
A. Referred to within Assessment Section above
B. Identified in the Learning Outcome Section above
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Note(s):
- More than one assessment method can be used to assess individual learning outcomes.
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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.
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| Equality and Diversity |
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This module is appropriate for all students irrespective of ethnic status, disability, age, gender, religious and sexual orientation. The University provides facilities and resources for all students through the Enabling Support Team.
UWS Equality and Diversity Policy |
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(N.B. Every effort
will be made by the University to accommodate any equality and diversity issues
brought to the attention of the School)
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