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DISCONTINUED: Financial Analysis and Decision Making

Financial Analysis and Decision Making has been discontinued. This module is not currently being run on any WMG programme.


Financial Analysis and Decision Making provides a financial framework to underpin the life cycle approach of managing complex projects over a long time-scale. The module provides a foundation from which a participant will be able to achieve a financial perspective over the life of a project. The module considers the fundamental accounting structures necessary to provide sound information on which decisions to make based on accounting criteria, or, to support decision-making processes where accounting information underpins other decision-making priorities.


  • Explain the structure, function and significance of the key accounting statements, and their relationship to one another, and critically evaluate the information obtained therein.
  • Be critically aware of, and be able to evaluate, key metrics, including appropriate boundaries for relevant applications and future developments in this area.
  • Apply and examine critically decision-making techniques aligned to investment appraisal. Evaluate suitable funding mechanisms, including alternative sources of funding, shared funding, and risk and project development.
  • Create business cases to justify expenditure.
  • Evaluate alternative management accounting methodologies and their application as relevant.


  • Control of Business Resources: (Principle financial statements: Balance Sheets, Income Statements, Cash Flow Statements, structure, content, assessment and reporting of profits, accounting concepts and paradigms,)
  • Financial Performance Measurement: (methods of reporting financial results, both internal and external metrics, business plans, budgetary control systems and techniques)
  • Management Accounting Techniques: (Cost Behaviour and techniques to ascertain, recover and control costs, Absorption Costing, Marginal Costing, Life Cycle Costing, Activity Based Costing and Activity Based Cost Management)
  • Investment Appraisal Techniques: (Different methods of Investment appraisal, and surrounding issues as appropriate, including for example inflation, and post audit completion)
  • Sources of Finance: (Alternative funding mechanisms, long and short term sources of funds, shared sourcing etc.)
  • Financial Reporting: (Regulatory environment, Standards, Stock Exchange requirements, Corporate Governance, International and global issues as relevant,)
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