Finance for Managers – Level 9

The ability to make informed and objective financial decisions in order to fully participate in strategic policy development is paramount in a highly competitive and dynamic business environment.

In this course students will have an overview of financial (accounting) statements and related theories in order to develop a comprehensive and critical understanding of financial techniques and processes which enable management to evaluate and make strategic decisions in the context of competitive environments.

This standalone postgraduate module is ideal to study individually to gain specialist academic, professional and technical knowledge and skills in digital entrepreneurship. It also provides a flexible progression route where you can combine with other qualifications to complete an MBA.

Upon the successful completion of this module, the student should be able to demonstrate the ability to:

• Research, apply and critically evaluate a variety of financial assessment techniques for application to a case study.
• Research, evaluate and critically discuss various issues and theoretical frameworks used in the management and control of financial resources.

Indicative content

• Financial statements as a means of communication; users of financial information; ratio analysis; trend analysis; interlinking of ratio results; comparison with similar sized businesses and industry sector norms; recommendations and conclusions; follow up analysis and interpretation; critical appraisal of techniques.
• Objectives of working capital management; methods of financing working capital (short- and long-term financing requirements); management and control of trade credit and trade debt; cash management, cash operating cycle, management of stocks; evaluation of conflicting aims.
• Project appraisal including payback, APR, NPV, IRR; decision to make, buy or lease; effects of capital rationing, taxation and inflation; project appraisal; post completion audit and critical appraisal of the techniques applied.
• Corporate failure; corporate failure prediction models.

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