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Product Financial Management

Introduction

This module addresses the financial management of projects. It provides a basic understanding of business accounting statements, so that participants can interpret financial information. It gives an introduction to management accounting practices as an aid to effective project financial planning and control. It introduces the financing of projects.

Objectives

Upon successful completion participants will be able to:

  1. Understand the basics of business accounting statements
  2. Analyse the profit and cash flow implications of project management
  3. Evaluate the budgeting and control process
  4. Critically evaluate the capital expenditure decisions behind budgeting for long term projects, including dealing with risk
  5. Understand and debate the implications of different financial and business structures for large projects.

Syllabus

  • Introduction to Project and Business Finance
  • Financial statements
  • Profit vs. Cash. Control of cash flow and its implications
  • Budgetary Control Systems and Techniques
  • Costing Techniques to ascertain, recover and control costs
  • Marginal Costing and Contribution Analysis
  • Capital Expenditure Evaluation and Financial Evaluation of Projects
  • Financing and business structures for large projects

Assessment

Coursework (2,500-3000 words), 70% weighting, plus in-module presentation(s), 30% weighting

Duration

1 week:

- Lectures (20 hours)

- Seminars (20 hours)