BMM6702 - Negotiated Learning: Business Finance

Objectives:

On successful completion of the module, apprentices will be able to: 1 Evaluate the importance of strategic financial management in relation to the organisational strategy. 2 Assess the key elements of financial planning and review. 3 Evaluate and assess the use of procurement and contracting, including legal requirements within an organisational context. 4 Create, analyse and interpret financial statements and report on financial performance including calculation of accounting ratios and trends to address stakeholder needs.

Content:

This module introduces learners to corporate governance and mechanisms for financial management and review, as well as corporate financial objectives – formation, benchmarking and performance. Learners will study ratio analysis, cost- benefit analysis, controlling costs, incremental budgeting and corporate financial performance measurement and failure, viability assessment and reasons for company failure. Learners will appraise contracting and procurement in relation to legalities, outsourcing and customer experience. Learners will also be able to create financial statements to report on the financial performance of an organisation. English skills will be developed by improved presentation skills, oral delivery, pace of presentation and level of audience engagement will be assessed. Structure and clarity of the flow of the presentation will also be assessed. Further English skills will be assessed through the development of the succinct report format. Maths skills will be developed by showcasing the ability to analyse and interpret financial statements. These skills will be evident in the assessed presentation. Digital skills will be developed through utilisation of online resources for research for the report component and through the innovative solutions proposed within the assessed presentation.

Learning and Teaching Information:

A variety of teaching and learning strategies will be employed throughout the module to ensure the acquisition and development of appropriate concepts, knowledge and skills and achievement of the stated learning outcomes. A variety of teaching and learning methods provide access to learning to meet a wide range of learner needs and are aimed at widening participation amongst learners to avoid exclusion and develop learner skills in academic studies and personal life situations.

This module will be taught over two days in a block structure at the start of the module and methods utilised within the 2 days will include: lecture style knowledge content and seminar style activities to discuss the content and enabling the learner to place it into context. This module will also have two virtual tutorial café (VTCs) sessions, these group sessions allow for reflective time following the delivery and will be utilised to support the learner in unpacking the content and the assessment requirements. VTC sessions will also be utilised as formative peer feedback sessions.

Independent study time should be spent on specific pre learning (on-demand learning – available to all students on Moodle), for example, engaging in specific background reading of the topic and online exercises. Post learning activities will be provided by the module tutor, but these will be assessment focused enabling the learner to achieve the assessment requirements. This apprenticeship is non-integrated, so an End Point Assessment Organisation (EPAO) is connected with the apprenticeship and the learners have a student membership which provides additional online resources to support achievement of the KSBs, these resources link with the subject areas across L4-L6. Learners are expected to engage with 1 hour a week on these activities to support them in their module and apprenticeship.

All activities and materials provided on Moodle will support the module content for the module delivery including pre, live and post activities and any additional EPAO resources.

The sequencing of the sessions will provide re-enforcement of the theoretical concepts developed during the delivery in a progressive pattern, aimed at developing knowledge and overall understanding.

Planned LTU Off-the-Job Delivery Learning:

Lectures –
Hours 14
Group Size All Cohort
Virtual Tutorial Café –
Hours 3
Group Size All Cohort

Planned Off the Job Learning:

Training Plan Activities –
Hours 43
Group Size 1
EPAO activities (1 hour a week)
Hours 12
Group Size 1
Masterclass –
Hours 3
Group Size 1

Minimum Self-Directed Off the Job Learning and Practical Training:

Shadowing (subject in context in the workplace)
Hours 225
Group Size 1

Component 1

To complete the component 1 learners will utilise live management accounting information from their organisation.
Create a 2,500-word report which evaluates the basics of strategic financial planning and management, including business goals (formation and benchmarking), financial governance and review and the importance of financial statements. Provide detail as to how your organisation accomplish effective management accounting and how your job role links to achieving any of these financial aspects. Within the report provide an appraisal of contracting and procurement in relation to legalities, outsourcing and customer experience.

Component 2

To complete the component 1 learners will utilise live management accounting information from their organisation. A case study will be provided by the module tutor if real life organisational accounts cannot be utilised.
Produce a 10-minute presentation with accompanying notes. The presentation will provide analysis of the learner’s organisation’s financial accounts, providing clear conclusions and recommendations for the organisation.
Learners should refer to module handbooks for full details of the assessment briefs.

Assessment:

Fact File

Module Coordinator - PRS_CODE=
Level - 6
Credit Value - 20
Pre-Requisites -
Semester(s) Offered -

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