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FINA7001 - Financial Mgt for Accountants

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Title:Financial Mgt for Accountants
Long Title:Financial Mgt for Accountants
Module Code:FINA7001
 
Credits: 5
NFQ Level:Intermediate
Field of Study: Banking, Finance and Investment
Valid From: Semester 1 - 2016/17 ( September 2016 )
Module Delivered in 5 programme(s)
Module Coordinator: Claire OSullivan Rochford
Module Author: COLM BARRY-MURPHY
Module Description: This module provides an overview of Financial Management. Students will learn about the role of the finance manager in modern institutions. Students will also develop the technical skills for project evaluation using various investment appraisal methods as well as developing an appreciation of sources of finance for companies including the stock exchange.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Discuss the importance of the role of the financial manager in the modern institution
LO2 Discuss the concept of shareholder value and how this is maximised,as well as agency theory and the ethical issues confronting finance managers
LO3 Describe the concept of the time value of money and use this principle and other investment appraisal techniques to evaluate various investment proposals
LO4 Explain and apply basic principles of bond,share and company valuation
LO5 Evaluate the short,medium and long term options for raising equity finance and describe the functioning of the securities markets
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
Overview of finance
Introduction to finance and shareholder value - What maximises shareholder value? Discussion of agency theory and ethical concerns
Role of Finance Manager
Changing role of finance in modern organizations
Investment appraisal
Time value of money. Techniques for investment appraisal such as Payback,ARR,IRR,NPV - evaluation and comparison of techniques.Empirical appraisal of projects
Raising Equity Finance
Ordinary Shares and Shareholder Rights. Primary Markets and IPO's. Stock markets and venture capitalists. Performance ratios such as dividend yield,EPS and PE ratios
Share & Company Valuations
Share value, zero growth stocks,PE method, Free cash flow method and balance sheet method
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 Short questions on for example the role of the finance manager, ethical issues for finance and the time value of money. 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 Theory 3.0 Every Week 3.00
Independent & Directed Learning (Non-contact) Assignments and Study 4.0 Every Week 4.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Theory 1.5 Every Week 1.50
Independent & Directed Learning (Non-contact) Assignments & study 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
  • Chartered Accountants Ireland 2014, Finance Theory and Practice, Third Ed., Chartered Accountants Ireland Dublin [ISBN: 9781908199485]
Supplementary Book Resources
  • Power Walsh O'Meara 2009, Financial Management : An Irish Text, 3rd Ed., Gill & Macmillan [ISBN: 9780717145546]
This module does not have any article/paper resources
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
CR_BBUSS_7 Bachelor of Business 4 Group Elective 3
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 6 Group Elective 4
CR_BACCT_8 Bachelor of Business (Honours) in Accounting 4 Mandatory
CR_BBUSS_6 Higher Certificate in Business 4 Elective
CR_BACCT_6 Higher Certificate in Business in Accounting 4 Mandatory

Cork Institute of Technology
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Email: help@cit.edu.ie