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 | Finance and Data Analysis for Managers | ||
Code | MGTK723 | ||
Coordinator |
Mr RS Stephens Finance and Accounting Robert.Stephens@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2023-24 | Level 7 FHEQ | Whole Session | 15 |
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 |
2 |
24 |
26 | ||||
Timetable (if known) | |||||||
Private Study | 124 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Individual project Reassessment Opportunity: new assignment with the same brief submitted to the module instructor. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: | 0 | 30 | ||||
Individual video presentation Reassessment Opportunity: new assignment with the same brief submitted to the module instructor. Penalty for Late Submission: Standard UoL penalty applies Anonymous A | 10 | 20 | ||||
Financial analysis and commentary Reassessment Opportunity: new assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes | 0 | 25 | ||||
Financial analysis and commentary Reassessment Opportunity: new assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes | 0 | 25 |
Aims |
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This module aims to: Enable students to broaden their understanding of finance techniques and tools which impact on business management decisions and actions; Equip students with technical financial skills which will allow them to participate in finance-related organisation projects, including project appraisal, financing decisions, budgeting and data analysis; Equip students with the skills to be able to appreciate where the financial and data management skills learnt on this module might be most appropriate / useful to their own area of business practice or specialism, as well as appreciating the limitations of techniques; Equip students will the skills and understanding to be able to use financial data in order to strategically influence within their workplace contexts. |
Learning Outcomes |
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(LE1) Internationally aware. |
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(LE2) A life-long learner. |
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(LE3) Numerate. |
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(LO1) Students will be able to understand the different types of financial statements, critically evaluate the interlinkage between them and their usefulness to business decisions and challenge the basis from which various forms of data analysis take place. |
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(LO2) Students will be able to critically analyse company performance from financial statements using financial data ratio analysis. |
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(LO3) Students will be able to financially appraise potential business projects using investment appraisal techniques, critically evaluate the usefulness of these techniques and be able to demonstrate techniques to deal with risks and uncertainties. |
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(LO4) Students will be able to support business planning and control through the adoption of budgets. Students will be able to critically evaluate the usefulness of budgeting techniques and appraise the usefulness of data from such control systems. |
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(LO5) Students will be able to understand the various sources of finance available to businesses and be able to recommend suitable types of finance to meet the needs of individual business situations. |
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(LO6) Students will have an understanding of the calculation of discount rates for use in investment appraisal as well as the ability to explain problems and limitations of their use. |
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(LO7) Students will be able to understand the non-financial and other financial risks facing businesses and be able to demonstrate and explain how such risk data can be managed. |
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(LRE1) A problem solver. |
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(LRE2) A team player. |
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(LRE3) Organised and able to work under pressure. |
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(LRE4) An excellent verbal and written communicator. |
Teaching and Learning Strategies |
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The module will be delivered over an 8-week period, primarily through a series of weekly e-lectures. These will be supported by individual online tasks and discussion boards, which will be used to develop and apply learning. These will be moderated by the module instructor. Students will also be directed to key academic and practitioner readings to further develop their learning. Description: The e-Lectures/seminars will equate to 3 hours/week over 8 weeks, undertaken asynchronously. Additionally, one scheduled synchronous seminar will be delivered (if there are issues with time zones another seminar will be provided). Scheduled Directed Student Hours: 2 hours Description: The scheduled seminar will equate to 2 hours undertaken synchronously. The date and time of the seminar will be confirmed at the start of the module. Self-Directed Learning Hours: 124 hours Description: This will involve directed and independent reading, independent research, and preparation for assessment. |
Syllabus |
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Financial statements overview: 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: 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 module also demonstrates techniques to deal with risks and uncertainties associated with forecasts built into cash flow estimates. Budgeting and control: S tudents 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. Cost of capital: Calculations of discount rates for use in investment appraisal are examined, as well as the ability to challenge the assumptions on which these calculations are based. Risk Management: Other non-financial and financial risks facing businesses are considered along with risk man agement techniques. |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |