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BULD7011 - Commercial & Financial Mngmt.

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Title:Commercial & Financial Mngmt.
Long Title:Commercial and Financial Management
Module Code:BULD7011
 
Duration:1 Semester
Credits: 5
NFQ Level:Intermediate
Field of Study: Building Science
Valid From: Semester 1 - 2022/23 ( September 2022 )
Module Delivered in 4 programme(s)
Module Coordinator: DANIEL CAHILL
Module Author: Joseph Barry
Module Description: This module will enable the student to appraise the use of financial information and analyse it in aiding the decision making process. It examines appraisal techniques used for capital investment and the analysis of information necessary for capital budgets in order to raise finance.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Investigate and appraise financial information, budget applications, cash flow statements and cash flow budgets.
LO2 Discuss investment appraisal, present values (PV) and internal rate of return (IIR) and their application to the construction industry.
LO3 Analyse the options for asset acquisitions, the tax implications, asset depreciation and the provision of a sinking fund.
LO4 Examine long term and short term sources of funding, credit control measures, gearing, liquidity, business insolvency and corporate responsibility.
LO5 Analyse and appraise developers' budgets and cost benefit analysis.
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 MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).

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
 

Module Content & Assessment

Indicative Content
Financial Budgets
Preparation of a company plan, SWOT analysis, cash flow statements/budgets, fund flow statement, marginal costing techniques, fixed costing, variable costing and their application to the construction industry.
Asset Investment
Investment appraisal techniques, PV, YP, IRR, assessing capital values, returns required, competition for investment capital, asset acquisition and risk analysis, musts and wants, ranking and investment decisions.
Credit
Sources of both long and short term funding, the decision to give credit and its implications for the business, credit rating, granting credit, securing payment, gearing, the recognition of debt problems and bad debts.
Developer's Budgets
Illustrate and develop a developer's budget for a number of chosen projects establishing land value, building cost and overall profit levels, develop cost benefit analysis for projects.
Business Insolvency
Insolvency, reasons for business failure, examinership, receivership and liquidation. Organisation/corporate responsibility, roles and responsibilities of directors under the Company’s Act, the sole trader and partnerships.
Assessment Breakdown%
Course Work40.00%
End of Module Formal Examination60.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Project Prepare an analysis of financial statements and cash flow budget. 1,2,4 20.0 Week 6
Project Prepare a developer's budget/CBA for a project. 3,5 20.0 Week 10
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 60.0 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 on course topics and worked examples. 3.0 Every Week 3.00
Lab Assessment of practical competency through laboratory-based worked examples. 1.0 Every Week 1.00
Independent & Directed Learning (Non-contact) Review of lecture notes and recommended material and preparation of worked examples for selected laboratory sessions 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 Theory on course topics and worked examples. 1.5 Every Week 1.50
Lab Assessment of practical competency through laboratory-based worked examples 0.5 Every Week 0.50
Independent & Directed Learning (Non-contact) Review of lecture notes and recommended material and preparation of worked examples for selected laboratory sessions 5.0 Every Week 5.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 

Module Resources

Recommended Book Resources
  • Atrill, Peter 2019, Financial Management for Non Specialists, 9th Ed., Pearson [ISBN: 9781292311432]
Supplementary Book Resources
  • Isaac, David 2010, Property Development, Appraisal and Finance, McMillan [ISBN: 978-0230201781]
  • Roy Pilcher 1992, Principles of Construction Management, McGraw Hill [ISBN: 978-0077072360]
  • F. K. Crundwell 2008, Finance for Engineers - Evaluation and Funding of Capital Projects, Springer London [ISBN: 978-1848000322]
  • David Isaac, John O'Leary 2013, Property Valuation Techniques, 3rd Edition Ed., Palgrave Macmillan [ISBN: 9781137302410]
This module does not have any article/paper resources
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
CR_CCNMG_8 Bachelor of Science (Honours) in Construction Management 5 Elective
CR_CQTSU_8 Bachelor of Science (Honours) in Quantity Surveying 5 Mandatory
CR_CMNGT_7 Bachelor of Science in Construction Management 5 Elective
CR_CCECO_7 Bachelor of Science in Quantity Surveying 5 Mandatory

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