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Financial Analysis & Control Systems (15 credit)

Introduction

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.

Objectives:

Upon successful completion participants will 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.

Syllabus:

  • Control of Business Resources.

  • Financial Reports.

    • The Balance Sheet.

    • Assessment and Reporting of Profit.

    • Cash Flow Statements.

  • Structured Approach to Ratio Analysis.

  • Cash Flow - Its Control and Implications to the Business.

  • Profit/Volume Relationships and the Calculation and Interpretation of Performance Indicators.

  • Costing and Techniques to Ascertain, Recover and Control Costs.

  • Activity Based Costing.

  • 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

Assessment:

In module group work (30% weighting)

Post module assessment, 3,500 words (70% weighting)

Duration:

One week (or equivalent)