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TOUR8010 - Adv Bus Fin for Hosp & Tour

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Title:Adv Bus Fin for Hosp & Tour
Long Title:Adv Bus Fin for Hosp & Tour
Module Code:TOUR8010
 
Credits: 5
NFQ Level:Advanced
Field of Study: Tourism
Valid From: Semester 1 - 2017/18 ( September 2017 )
Module Delivered in 2 programme(s)
Next Review Date: September 2020
Module Coordinator: Noel Murray
Module Author: Carmel Buttimer
Module Description: This module develops the tourism and hospitality student's understanding of financial management principles and methodology.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Discuss and describe key financial management concepts
LO2 Discuss and describe dividend policy and capital structure
LO3 Evaluate capital investment decisions using a number of appraisal methods
LO4 Calculate the weighted average cost of capital (WACC)
LO5 Discuss and describe the importance of portfolio theory and calculate the capital asset pricing model
Pre-requisite learning
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named CIT module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
Co-requisites
No Co Requisites listed
 

Module Content & Assessment

Indicative Content
Key Financial Decisions
The three key financial decisions (investment, financing and dividend) and the key role played by the manager. Agency theory and shareholders wealth.
Dividend Policy Theory and Capital Structure
Dividend policy theory including motives for paying dividends, factors influencing the dividend amount and the information content of dividends, competing dividend policy theories. The theories of capital structure.
Investment Appraisal
Practical use of net present value (NPV) , accounting rate of return (ARR), payback and internal rate of return (IRR) as investment appraisal techniques and implications of capital rationing.
Weighted Average Cost of Capital (WACC)
Calculate the weighted average cost of capital (WACC) using the value and cost of each element of a capital structure.
Portfolio Theory Concepts
Portfolio theory concepts and their use in the investment decision, measuring risk, diversification, financial and non-financial factors and capital asset pricing model (CAPM).
Assessment Breakdown%
Course Work30.00%
End of Module Formal Examination70.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Short Answer Questions Financial Management Concepts, Policy and Capital Structure and Appraisal Methods. 1,2,3 30.0 Week 8
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Examination 1,2,3,4,5 70.0 End-of-Semester
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The institute reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Formal Lecture 4.0 Every Week 4.00
Independent & Directed Learning (Non-contact) Published articles and research 3.0 Every Week 3.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Lecture 1.5 Every Week 1.50
Independent Learning Review of lecture material and independent learning 5.5 Every Week 5.50
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 1.50
 

Module Resources

Recommended Book Resources
  • Power, Walsh, O'Meara 2009, Financial Management: An Irish Text, 3rd Ed., Gill and Macmillan Dublin [ISBN: 071745546]
Supplementary Book Resources
  • Peter Atrill and Eddie McLaney 2015, Accounting and Finance for Non-Specialists, 9th Ed., FT Prentice Hall Essex [ISBN: 1292062711]
This module does not have any article/paper resources
This module does not have any other resources
 

Module Delivered in

Programme Code Programme Semester Delivery
CR_OHOMA_8 Bachelor of Business (Honours) in Hospitality Management 1 Mandatory
CR_FTRSM_8 Bachelor of Business (Honours) in Tourism Management 7 Mandatory

Cork Institute of Technology
Rossa Avenue, Bishopstown, Cork

Tel: 021-4326100     Fax: 021-4545343
Email: help@cit.edu.ie