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Throughout the 2021-22 academic year, we will be prioritising face to face teaching as part of a blended learning approach that builds on the lessons learned over the course of the Coronavirus pandemic. Teaching will vary between online and on-campus delivery through the year, and you should read guidance from the academic department for details of how this will work for a particular module. You can find out more about the University’s overall response to Coronavirus at: https://warwick.ac.uk/coronavirus.

WM9G6-5 Finance Fundamentals

Department
WMG
Level
Taught Postgraduate Level
Module leader
Lee Griffin
Credit value
5
Module duration
3 days
Assessment
Multiple
Study location
University of Warwick main campus, Coventry
Introductory description

A basic finance module covering fundamental concepts for eBM students.
The prime way every business is judged is via its financial statements, which encompass both financial and non financial performance measures. Business students need to be able to predict the effect their actions as an employee/director will have on those financial statements.
Likewise all businesses sell and all businesses buy. Understanding the costs of delivery are fundamental to business success.
This module will cover the basics of accounting and external reporting, forecasting and the costing of goods and services.

Module aims

The prime way every business is judged is via its financial statements, which encompass both financial and non financial performance measures. Business students need to be able to predict the effect their actions as an employee/director will have on those financial statements.
Likewise all businesses sell and all businesses buy. Understanding the costs of delivery are fundamental to business success

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.

This module looks at the interplay between a business' operations and its financial performance, with particular emphasis on costing for both goods and servioces.

Learning outcomes

By the end of the module, students should be able to:

  • Critically assess and defend the calculation of the costs of production of goods/delivery of services, and budgets/projections associated to those costs.
  • Critically evaluate the relationship between operational performance of an organisation and the financial measures of the organisation.
Indicative reading list

Dyson, J.R.,(2020) Accounting for Non-Accounting Students, Tenth edition, Harlow, England: FT Prentice Hall. McKenzie, W, (2010) FT Guide to Using and Interpreting Company Accounts, Harlow, England: FT Prentice Hall. Goldenberg, D. 20160302, Derivatives Markets, Routledge. Available from: vbk://9781317423553 Bamber, M., Parry, S. 20201203, Accounting and Finance for Managers, 3rd Edition, Kogan Page. Available from: vbk://9781789667523 International finance : theory and policy / Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz.

Subject specific skills
  • preparation of basic accounting statements
  • interpretation of accounting and financial information
  • calculation of costs using absorption and marginal costing
  • design and calculation of budgets
  • reviewing skills - looking at the work/product of others and critically commenting on it
Transferable skills

Teamwork;
Numeracy;
Critical Thinking

Study time

Type Required
Lectures 5 sessions of 1 hour (10%)
Seminars 10 sessions of 1 hour (20%)
Online learning (independent) 5 sessions of 1 hour (10%)
Assessment 30 hours (60%)
Total 50 hours
Private study description

No private study requirements defined for this module.

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 D
Weighting Study time
Analysis of company accounts 30% 10 hours

A 10 minute presentation examining a set of relevant financial statements form an e-business type company, and critically commenting on the performance of that company.

Financial Fundamentals Exam 70% 20 hours

An exam where data on a specific company is given to students ahead of time, then with a novel dataset blind in the examination. Students are expected to write a report to the company management based upon the pre-read and the novel dataset leading to novel calculations.
Both LOs covered here to allow recovery if the presentation was a fail.


  • Answerbook Pink (12 page)
  • Students may use a calculator
  • Case Study
  • Graph paper
Assessment group R
Weighting Study time
Financial Fundamentals 100%

An essay looking at the critical assessment of a set of financial statements and the costing processes used by that company.

Feedback on assessment

Verbal feedback on the presentation by the assessor
Written feedback on the exam of about 100-500 words

Past exam papers for WM9G6

Courses

This module is Core for:

  • Year 1 of TWMS-H1S4 Postgraduate Taught e-Business Management (Full-time)