| Title: | Applied Business Finance |
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| Long Title: | Applied Business Finance |
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| Field of Study: |
Accounting, Auditing and Accountability
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| Valid From: |
Semester 1 - 2022/23 ( September 2022 ) |
| Module Coordinator: |
Claire OSullivan Rochford |
| Module Author: |
Michael OCallaghan |
| Module Description: |
To enable students to develop a critical understanding of a variety of roles that finance plays in an organisation. As well as developing an understanding of the principles of financial and management accounting, students will understand the compliance, reporting and controls required to support decisions making in modern, complex, dynamic business environments.
Students will also develop a range of analytical skills to allow them contribute actively to developing, enhancing, supporting and contributing to financial activities that occur in many organisations, including investment appraisal, pricing, budgeting and various financial reporting compliance requirements.
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| Learning Outcomes |
| On successful completion of this module the learner will be able to: |
| LO1 |
Analyse and interpret financial statements |
| LO2 |
Communicate financial priorities to management and communicate how these priorities could be addressed |
| LO3 |
Evaluate key elements of financial processes such as forecasting and investment appraisal. |
| LO4 |
Critically analyse the financial implications of various business strategies |
| LO5 |
Apply and evaluate a variety of financial forecasting techniques such as regression and time series |
| 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).
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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
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| 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.
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| No requirements listed |
Module Content & Assessment
| Indicative Content |
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Roles of Financial and Management Accounting, Treasury and Tax
Profit and Loss - Purpose and Structure,
Balance Sheet - Purpose and Structure,
Cashflow Statement - Purpose and Structure,
Profitability and Working Capital considerations,
Forecasting and Budgetary Control,
Overview of Treasury and Tax functions.
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Management Accounting
Compliance, reporting and controls relating to Capital Expenditure (Relevant Costs, NPV, Payback, IRR). P+L and Cashflow forecasting. Company Valuation Considerations (Net Assets, DCF, P/E)
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Financial Projections
Forecasting techniques include single and multiple regression and time series
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Market Considerations
Company Valuation, P/E, Capital Structure
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| Assessment Breakdown | % |
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| Course Work | 100.00% |
| Course Work |
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| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Written Report |
Evaluate company performance based on publicly quoted financial data |
1,2,4 |
40.0 |
Week 7 |
| Presentation |
Appraise an investment using available methodologies, and advise on funding options etc. |
3,4 |
20.0 |
Week 10 |
| Written Report |
Apply and Evaluate Forecasting techniques |
5 |
40.0 |
Week 13 |
| No End of Module Formal Examination |
| Reassessment Requirement |
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.
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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 |
Delivery of content and material underpinning learning outcomes. |
3.0 |
Every Week |
3.00 |
| Independent & Directed Learning (Non-contact) |
Student undertakes independent 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 |
Delivery of content and material underpinning learning outcomes. |
2.0 |
Every Week |
2.00 |
| Independent & Directed Learning (Non-contact) |
Student undertakes independent study. |
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 |
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- Wiley, Wiley IFRS 2017: Interpretation and Application of IFRS Standards (Wiley Regulatory Reporting) [ISBN: 9781119340225]
- Prentice Hall 2017, Foundations of Finance-Study Guide, Prentice Hall, 7th Ed. Ed. [ISBN: 9780136113669]
- Theodore Grossman , John Leslie Livingstone, The Portable MBA in Finance and Accounting,, 4th Ed. Ed. [ISBN: 9780470481301]
| | This module does not have any article/paper resources |
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| Other Resources |
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- Website: CIMA Global
- Website: ACCA Global
- Website: CPA Ireland
- Website: Chartered Accountants Ireland
- Website: Financial Times
- Website: IFRS Information
- Reports: Various Corporate Reports
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Module Delivered in
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