WM909-15 Financial Analysis & Control Systems
Introductory description
This module is the first of two finance modules. It aims to provide a basic understanding of financial management of a business, developing on that to give students the ability to analyse critically the financial data produced by a business, and relate this to the underlying operations of the business.
Module aims
This module is the first of two finance modules. It aims to provide a basic understanding of financial management of a business, developing on that to give students the ability to analyse critically the financial data produced by a business, and relate this to the underlying operations of the business.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
-Control of business resources.
-Financial reports.
- the balance sheet.
- assessment and reporting of profit.
- cash flow statements.
-Structured approach to ratio analysis and its interpretation
-Cash flow - its control and implications to the business.
-Profit/volume relationships and the calculation and interpretation of performance indicators, including contribution
Costing and techniques to ascertain, recover and control costs.
Budgetary control systems and techniques.
Capital expenditure evaluation and financial evaluation of projects including net present value.
Evaluation of different sources of finance available to business
Learning outcomes
By the end of the module, students should be able to:
- 1. Interpret the basic business accounting statements
- 2. Differentiate between the different methods of measuring financial performance within a business
- 3. Critically analyse financial data to generate further information
- 4. Provide a critical interpretation of the relationship between the operational performance of a business and the financial measures of the business
- 5. Critically appraise the financing decisions made by business
Indicative reading list
Atrill, P, and McLaney, E., (2017) Accounting and Finance for Non-Specialists, Tenth Edition Harlow, England: Pearson.
Bamber, M., and Parry, S., (2018) Accounting and Finance for Managers, Second edition London: KoganPage.
Dyson, J.R.,(2010) Accounting for Non-Accounting Students, Eighth edition, Harlow, England: FT Prentice Hall.
McKenzie, W, (2010) FT Guide to Using and Interpreting Company Accounts, Harlow, England: FT Prentice Hall.
Subject specific skills
Financial accounts analysis, basic accounting, costing, budgeting, project financial appraisal
Transferable skills
Teamwork, communication, numeracy, negotiation
Study time
| Type | Required |
|---|---|
| Lectures | 25 sessions of 1 hour (36%) |
| Practical classes | 15 sessions of 1 hour (21%) |
| Other activity | 30 hours (43%) |
| Total | 70 hours |
Private study description
No private study requirements defined for this module.
Other activity description
Pre-module learning activities: 10 hours
Post-module directed reading: 20 hours
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group A2
| Weighting | Study time | |
|---|---|---|
| Assessed work as specified by department | 100% | 80 hours |
|
30% In-module presentation |
||
Assessment group R
| Weighting | Study time | |
|---|---|---|
| Assessed work as specified by department | 100% | |
|
100% Assignment |
||
Feedback on assessment
Written feedback for In-module presentation and PMA will be provided
Courses
This module is Core for:
-
EWMS-H1B3 Postgraduate Taught Managing in Technology Based Industries (Degree Apprenticeship)
- Year 1 of H1B4 Managing in Technology Based Industries
- Year 1 of H1B4 Managing in Technology Based Industries
- Year 1 of H1B3 Managing in Technology Based Industries (DA)
- Year 1 of EWMS-H7BJ Postgraduate Taught Supply Chain and Logistics Management (Degree Apprenticeship)
- TBC MSc Engineering Business Management (Degree Apprenticeship route)