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Session: 2022/23
Last modified: 08/04/2022 10:37:22
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Title of Module: Strategic Financial Management |
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Code: ACCT11031 |
SCQF Level: 11
(Scottish Credit and Qualifications Framework) |
Credit Points: 20 |
ECTS: 10
(European Credit Transfer Scheme) |
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| School: | School of Business & Creative Industries |
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| Module Co-ordinator: | Gerry
McPake |
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| Summary of Module |
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Information for students
The module has been developed to provide you with knowledge and skills required to work in a financial management role within business and to help you understand the issues faced by firms both domestically and within a global marketplace.
This is a different type of skill to that required by financial accountants or management accountants and should help to broaden your career opportunities. The materials are guided by similar modules offered by professional accounting bodies and therefore are at an appropriate level for industry.
You will learn about the financial issues that face firms today, the importance of the management of cash, inventory and trade receivables and payables, and the methods used to ensure this is best achieved.
You will also learn about how to recognise financial risks within business and how to manage these effectively. Other topics will look at appraising investment opportunities, valuing companies and their shares, and issues relating to mergers and acquisitions.
The topics are wide ranging and challenging but are sure to be interesting and thought-provoking.
- The module has been developed to provide you with knowledge and skills required to work in a financial management role within business and to help you understand the issues faced by firms both domestically and within a global marketplace.
- This is a different type of skill to that required by financial accountants or management accountants and should help to broaden your career opportunities. The materials are guided by similar modules offered by professional accounting bodies and therefore are at an appropriate level for industry
- You will learn about the issues that face firms today, the importance of the management of cash, inventory and trade receivables and payables, and the methods used to ensure this is best achieved
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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.
Critically discuss the nature, function and purpose of financial management within profit and not-for-profit organisatoins, and how this relates to financial objectives, strategy and stakeholders
L2.
Evaluate methods for managing individual elements of an organisation's working capital, identifying working capital needs and strategies for obtaining funding and managing associated risks.
L3.
Evaluate appropriate investment appraisal techniques.
L4.
Critically assess the various sources of business finance, costs of capital and relevant costs for businesses of all sizes, both domestically and internationally.
L5.
Critically explain and assess the reasons for business growth through merger and/or acquisition |
| 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.
Demonstrate and/or work with:
- Knowledge that covers and integrates most of the main areas of the subject, including their features, boundaries, terminology and conventions.
- A critical understanding of the principal theories, concepts and principles.
- A critical understanding of a range of specialised theories, concepts and principles. |
| Practice: Applied Knowledge and Understanding |
SCQF Level 11.
Apply knowledge, skills and understanding:
- In using a significant range of the principal professional skills, techniques, practices and/or materials associated with the subject.
- In using a range of specialised skillls, techniques and practices.
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| Generic Cognitive skills |
SCQF Level 11.
- Apply critical analysis, evaluation and synthesis to issues that are informed by forefront developments in the subject.
- Critically review, consolidate and extend knowledge, skills, practices and thinking in the subject.
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| Communication, ICT and Numeracy Skills |
SCQF Level 11.
Use a wide range of routine skills and a range of advanced and specialised skills as appropriate to a subject, for example:
- Use a wide range of ICT applications to support and enhance work at this level and adjust features to suit purpose.
- Undertake critical evaluations of a wide range of numerical and graphical data. |
| Autonomy, Accountability and Working with others |
SCQF Level 11.
- Exercise substantial autonomy and intitiative in activities.
- Take responsibility for own work and/or significant responsibility for the work of others.
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| 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 Learning and Teaching strategy of this module has been developed with reference to a number of internal and external benchmarks, with particular reference to the QAA benchmark statement for Masters degrees in Business and Management, the University’s Learning Teaching and Assessment Strategy and Internationalisation Strategy. Learning and teaching will be externally informed through the professional bodies’ syllabuses. Students will be encouraged to reflect on their learning at the end of each session and to update, as appropriate, their Personal Development Plan.
The module introduces students to the role and function of the financial manager/treasury. It concentrates on the important role that working capital plays in a modern business, both on a domestic and international basis. It examines the sources, uses and costs of working and longer-term capital, and the risks associated with these. It also provides students with the techniques required to analyse the costs and returns from investment of funds and considers implications for growth.
Learning Activities
As a guide it is recommended that students should dedicate up to 12 hours per week to complete all the additional material in the form of narratives, slide shows, quizzes and other exercises that are provided on the CampusMoodle site. In addition there is a need for all students to recognise their own time to be used for personal development and additional reading of journals and articles as appropriate.
Face to face contact will be monitored by attendance at lectures and tutorials and online activity will be monitored using stats for access and use of the material on CampusMoodle. It is particularly important that online students are allocating sufficient time to their studies and if they encounter problems they must notify their personal tutor or/and Module Co-ordinators at once.
Assessment is by a coursework based on a case study approach (which may be individual or group based). The coursework element will encourage students to investigate, analyse and evaluate current problems in financial markets from both theoretical and practical perspective. The unseen examination will test the students’ abilities to demonstrate their depth of knowledge and understanding by carrying out computations, assessing given scenarios for finance, and discussing implications for domestic and international businesses arising from this given information.
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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) |
| Lecture/Core Content Delivery | 24 |
| Tutorial/Synchronous Support Activity | 12 |
| Independent Study | 164 |
| 200
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:
CIMA Study Texts, Papers E1,F1,F2,P2, BPP Learning materials or Kaplan Publishing Learning Materials.
Watson & Head (Latest Edition) Corporate Finance Principles and Practice, Pearson
Relevant websites:
-www.cima.org.uk-knowledge bank.
www.accglobal.com-research reports online.
-www.accglobal.com-research reports online.
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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
Where a module has Professional, Statutory or Regulatory Body requirements these will be listed here:
Full time students are expected to meet the University 75% attendance requirement; demonstrate evidence of engagement with module resources; and under normal circumstances attempt all assessment elements. |
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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 | Chaman Shrestha |
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| External Examiner | C Soan |
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| Accreditation Details | Chartered Institute of Management Accountants (CIMA) |
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| Version Number | 1.05 |
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| Assessment: (also refer to Assessment Outcomes Grids below) |
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Coursework (Case Study - Individual or Group Based) weighted at 30% of the final module mark. A minimum mark of 39.5% must be gained to satisfy the aggregate rule. For Group based work, the word limit is Approximately 3500 (+/-10%) words. For individual based work, the word limit is Approximately 1500 (+/-10%) words.
Unseen Examination weighted at 70% of the final module mark. A minimum mark of 39.5% must be gained to satisfy the aggregate rule.
Overall a module mark of 50% must be gained to pass the module, subject to achieving a mark of at least 39.5% in each component element of assessment
Unseen Examination weighted at 70% of the final module mark. A minimum mark of 39.5% must be gained to satisfy the aggregate rule.
Overall a module mark of 50% must be gained to pass the module, subject to achieving a mark of at least 39.5% in each component element of assessment
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| 3 hour unseen end of term examination covering outcomes 2 and 3. |
(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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As per University regulations and policies.
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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