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FINN50115: Financial Management

It is possible that changes to modules or programmes might need to be made during the academic year, in response to the impact of Covid-19 and/or any further changes in public health advice.

Type Tied
Level 4
Credits 15
Availability Available in 2024/2025
Module Cap None.
Location Durham
Department Finance

Prerequisites

  • None

Corequisites

  • None

Excluded Combinations of Modules

  • FINN40915 Mergers, Acquisitions and Other Corporate Restructuring.

Aims

  • To provide students with the ability to critically evaluate the information needs of management for control and for decision making;
  • To provide students with a critical understanding of the context of the use of management accounting information for control and an appreciation of the limitations of the information.

Content

  • Costs for control and short-term decision making;
  • Budgeting and performance measurement;
  • Cash flow forecasting and working capital management;
  • Long-term corporate decision making and managerial incentives;
  • Investment appraisal and real options;
  • Corporate debt management.

Learning Outcomes

Subject-specific Knowledge:

  • Have an advanced knowledge and critical understanding of the information needs of management for control and decision making;
  • Have a critical appreciation of the context of the use of that information;
  • Have a critical appreciation of recent academic literature in this area and the implications for current management practice.

Subject-specific Skills:

  • Be able to use selected tools of financial decision making to see the benefits of informed decision making.

Key Skills:

  • Written communication; planning, organising and time management; problem solving and analysis; using initiative; computer literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • The learning outcomes will be met by a combination of lectures, workshops, case studies and guided reading.
  • The assessment of the module, by written examination, is designed to test the acquisition and articulation of knowledge, and the ability to apply and interpret it in specific contexts.

Teaching Methods and Learning Hours

ActivityNumberFrequencyDurationTotalMonitored
Lectures101 per week2 hours20Yes
Workshops41 per fortnight1 hour4Yes
Preparation, Reading, Data Collection and Independent Study126 
Total150 

Summative Assessment

Component: ExaminationComponent Weighting: 100%
ElementLength / DurationElement WeightingResit Opportunity
In-person examination2 hours100same

Formative Assessment

Participation in computer-based student self-assessment exercises.

More information

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