BMM5005 - Financial Management

Objectives:

Assessment tasks are designed to enable students to demonstrate the Learning and Employability outcomes for the relevant level of study. Level Learning Outcomes are embedded in the assessment task(s) at that level. This enables a more integrated view of overall student performance at each level.

Content:

- Introduction toCorporate Governance

- Mechanisms for Financial Managementand review

- Corporate financialobjectives– formation, benchmarking and performance

- Ratio analysis,corporate financial performance measurement and failure, viability assessment,reasons for company failure and corporate distress

- Management of Working Capital

- Investment appraisal and capital rationing techniques, payback, ARR, NPV, IRR and PI

- Cost of capital, DVM, CAPM, debt, taxation and WACC

- Asset and company valuation techniques

- Issuing new debt, bank loans, debentures, bonds and convertible loan stock

- UK and global banking system, role of a central bank, investment banks and clearing banks

- Equity & Debt Funding. Other sources of finance, venture capital, grants, debtor factoring, invoice discounting.

In addition to module subject content there will be a focus on skills development and application of theory, including problem identification and problem solving, pair work, group work and discussion, financial analysis and reporting, consequence chain analysis, pathway identification and evaluation, target setting and formation of objectives, measurement of performance, assessment of viability and action planning.

Learning and Teaching Information:

Lectures/workshops
Hours: 20
Intended group size: Full Cohort

Seminars
Hours: 5
Intended group size: 10

Tutorials
Hours: 5
Intended group size: 10

Guided independent study
Hours: 120

Further details relating to assessment

Formative assessment is built into the module programme through the use of pre-prepared seminars, led by students, which allow for the application of theory and exploration of current issues in financial management. As seminar topics are based on examination themes, these seminars also allow students to reflect on and consolidate (as well as apply) module content whilst developing confidence and competence in required exam subject material. Small group tutorials allow for the discussion of exam technique and the development of a mark scheme, by students, based on a recent past paper. A full trial examination is scheduled for week 10.

The use of a terminal unseen examination to cover K1-4 is a requirement of ACCA accreditation of the BA Accounting and Business programme.

The terminal unseen exam will be marked against a specific marking scheme which will incorporate;
-Arithmetical accuracy and supporting analysis
-Interpretation and use of case study material to inform and support your answers
-Correct use and application of accounting terminology, accounting concepts and assumptions
-The relevance of your answer to the question
-The structure and development of analysis and evaluation.
-The standard of written presentation – including spelling, grammar and syntax.

Full details of the assessment are contained within the Module Handbook.

Assessment:

Fact File

Module Coordinator - Andrew Gilliland
Level - 5
Credit Value - 15
Pre-Requisites - NONE
Semester(s) Offered - 5S1

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