Module Details

Module Code: FNCE B8001
Full Title: Business Finance
Valid From:: Semester 1 - 2013/14 ( September 2013 )
Language of Instruction: 
Duration: 1 Semester
Credits:: 5
Module Owner::  
Departments: Unknown
Module Description: no description provided
 
Module Learning Outcome
On successful completion of this module the learner will be able to:
# Module Learning Outcome Description
MLO1 Prepare a Cash Forecast, Budgeted Income Statement and Balance Sheet
MLO2 Evaluate capital investment proposals using a variety of investment appraisal techniques
MLO3 Identify and describe sources of finance appropriate in a variety of scenarios.
MLO4 Use C-V-P analysis as an aid to short-term decision making.
MLO5 Explain the importance of working capital management and describe key issues to ensure effective management of working capital.
Pre-requisite learning
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named DkIT module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
 
Module Indicative Content
Planning and Control
Strategic Planning, Operational Planning, Feedback and Control, Benefits of Budgeting, Human Aspects of Budgeting, Cash Forecast, Projected Income Statement, Projected Balance Sheet, Fixed versus Flexible Budgets
Capital Investment Appraisal
Payback, Accounting Rate of Return, NPV, IRR - Calculation, Positive and Negative Aspects, Time Value of Money, Qualitative Factors.
Sources of Finance
Sources of finance available for short, medium and long-term needs. Associated positive and negative aspects of each.
Working Capital Management
Cash, Inventories, Receivables,Payables, Cash Operating Cycle - Issues and Calculation.
C-V-P Analysis
Cost Classification, Break-even Point, Contribution, C/S Ratio, Margin of Safety, Assumptions of CVP Analysis.
Module Assessment
Assessment Breakdown%
Course Work40.00%
Final Examination60.00%
Module Special Regulation
 

Assessments

Full Time On Campus

Course Work
Assessment Type Class Test % of Total Mark 40
Marks Out Of 0 Pass Mark 0
Timing n/a Learning Outcome 1,2
Duration in minutes 0
Assessment Description
A mid-term assessment to provide feedback to students on their progress to date.
No Project
No Practical
Final Examination
Assessment Type Formal Exam % of Total Mark 60
Marks Out Of 0 Pass Mark 0
Timing End-of-Semester Learning Outcome 1,2,3,4,5
Duration in minutes 0
Assessment Description
End-of-Semester Final Examination
Reassessment Requirement
A repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

DKIT reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time On Campus
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 2.00 2
Practical Contact Computer Laboratory - Financial Spreadsheet Analysis Every Week 1.00 1
Directed Reading Non Contact No Description Every Week 3.00 3
Independent Study Non Contact No Description Every Week 3.00 3
Total Weekly Learner Workload 9.00
Total Weekly Contact Hours 3.00
This module has no Part Time On Campus workload.
 
Module Resources
Recommended Book Resources
  • John Dyson. (2010), Accounting for Non-Accounting Students, 8th. Pearson, [ISBN: 9780273722977].
Supplementary Book Resources
  • Peter Atrill and Eddie McLaney. (2012), Accounting and Finance for Non-Specialists, 8th. Pearson, [ISBN: 9780273778035].
  • Gail Sheppard. (2011), Management Accounting - A Practical Approach, 1st. Gill and Macmillan, [ISBN: 9780717149964].
  • Colin Drury. (2011), Cost and Management Accounting - An Introduciton, 7th. Centage Learning, [ISBN: 9781408032138].
Supplementary Article/Paper Resources
  • Journals/News, Financial Times, Irish Times, Financial Management (CIMA), Accounting and Finance, Harvard Business Review.
Other Resources
  • Websites, www.irishtimes.com, www.ft.com, www.cimaglobal.com, www.cpaireland.ie, www.accaglobal.com, www.drury-online.com,www.gillmacmillan.i e.