ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title Managing Financial Resources
Code MGTK739
Coordinator Mr RS Stephens
Finance and Accounting
Robert.Stephens@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ Whole Session 10

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours   3

      30

33
Timetable (if known)              
Private Study 67
TOTAL HOURS 100

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Open-Book Exam Reassessment Opportunity: 1000-word written assignment with two questions of 500 words each. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes  1 hour    30       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Discussion Board Contribution Reassessment Opportunity: 500-word written coursework based on discussion post prompts Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment:  -500 words    20       
Individual Report Reassessment Opportunity: a new assignment with the same brief, based on a different company Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes  -1500 words    50       

Aims

This module aims to:

Provide students will the skills and competencies required to critically analyse, and interpret published financial statements and to utilise financial data to analyse decision alternatives and identify consequences for profitability and for the impact on different stakeholders;

Develop students’ awareness of how key theoretical models and the management accounting framework can support financial decision making in relation to costing, budgeting, performance evaluation and financial reporting;

Provide students will the skills and competencies required to critically appraise alternative financing sources for a venture and understand the impact of gearing decisions on operating and financial risk and performance.


Learning Outcomes

(LO1) Students will be able to utilise financial data to analyse decision alternatives and identify consequences for profitability and for different stakeholders.

(LO2) Students will be able to critically analyse, and interpret published financial statements.

(LO3) Students will be able to critically appraise alternative financing sources for a venture and understand the impact of gearing decisions on operating and financial risk and performance.

(LO4) Students will be able to demonstrate an awareness of how key theoretical models and the management accounting framework can support financial decision making in relation to costing, budgeting, performance evaluation and financial reporting.

(LRE1) Commercially aware.
Students will develop an understanding of the commercial and financial nature of organisations and will use this understanding to underpin both operational and strategic decision-making.

(LRE2) IT literate.
Students will have opportunities to improve their IT skills. Students will demonstrate skills in the use of software applications including word processing and spreadsheets.

(LRE3) Numerate.
Students will develop an understanding of financial data, and how to identify, handle, analyse and interpret appropriate forms of data for business decisions.

(LRE4) Organised and able to work under pressure.
This will be evident in the students’ independent management of their assignments and ability to meet deadlines.


Teaching and Learning Strategies

The module will primarily be delivered through a series of e-lectures, delivered through a variety of methods, covering key topics, theories and case examples. These will be supported by individual online task such as, case studies, blogs, collaborative tasks and discussion boards, which will be used to develop and apply learning. These activities will be moderated by the module instructor. Students will also be directed to key academic and practitioner readings to further develop their learning.

Unscheduled Directed Student Hours: 30 hours
Description: The asynchronous e-lecture and interactive class activity will equate to 5 hours per week over 6 weeks.
Attendance Recorded: Yes – tracked via the learning platform.

One scheduled synchronous seminar of one hour will be delivered in week 1, with the remaining two synchronous seminar hours scheduled during weeks 2 to 6. The dates and times of the seminars will be confirmed at the start of the module (if th ere are issues with time zones another session will be provided). Peer discussion and questions will be encouraged. These sessions will be recorded and moderated by the module instructor.

Scheduled Directed student hours: 3 hours
Description: The synchronous seminars will equate to 3 hours in total over 6 weeks.
Attendance Recorded: Yes – tracked via the learning platform.

Self-directed learning hours: 67 hours
Description: This will involve directed and independent reading, and independent research into finance and accounting theories and practices relevant to the module syllabus, aims and learning outcomes.


Syllabus

 

Introduction to the different roles of financial accounting, management accounting, and financial management, in terms of their use to business.

Financial statements - The module explores the need for and presentation of financial statements, and provides students with an appreciation of the interlinkage between these statements. Students will also explore the usefulness of the financial statements to business decisions.

Company performance evaluation (ratio analysis) - Students will learn how to conduct analysis of company performance (profitability, liquidity, investor ratios and gearing) from financial statements using ratio analysis. As well as mastering key calculations used in practice, we will evaluate the usefulness of these calculations to stakeholders.

Investment appraisal - The module prepares students to evaluate potential strategies / projects using financial investment appraisal techniques, as well as showing the limitations of these techniques. The m odule also demonstrates techniques to deal with risks and uncertainties associated with forecasts built into cash flow estimates.

Budgeting and control - Students will explore how businesses plan and control operations through the adoption of budgets. The module will explore different types of budgets, and will build students’ ability to understand and challenge the usefulness of these budgeting techniques in relevant business scenarios. In order to study the control of business activities, the module also explores the application and evaluation of non-financial statistics.

Financing - Sources and types of finance available to businesses is critical for managers to appreciate. Students will develop understanding of the funds that are likely to be both available and suitable for business activities through their lifecycle.

Risk Management - Other non-financial and financial risks facing businesses are considered along with risk management techniques.


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.