| Unit name | Finance for Business |
|---|---|
| Unit code | ACFIM0007 |
| Credit points | 20 |
| Level of study | M/7 |
| Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
| Unit director | Professor. Cooper |
| Open unit status | Not open |
| Units you must take before you take this one (pre-requisite units) |
N/A |
| Units you must take alongside this one (co-requisite units) |
N/A |
| Units you may not take alongside this one |
N/A |
| School/department | School of Accounting and Finance - Business School |
| Faculty | Faculty of Social Sciences and Law |
Why is this unit important?
Finance is an essential technical skill for practicing managers and entrepreneurs. Drawing on such skills and knowledge, managers can evaluate their decisions and inform their everyday work to ensure the responsible and long-term development of the organisation. In this unit, students will learn the key technical skills and knowledge that will equip them with the foundations of Finance they will need in their managerial careers.
How does this unit fit into your programme of study
The Finance for Business unit is an essential unit to the storyline of the programme. The unit provides students with fundamental technical skills for their careers as well as provides them with technical language to discuss various key managerial issues and global challenges faced by organisations in the global context.
An overview of content
This unit aims to give students a thorough grounding in the fundamentals of finance for managers in organisations while taking a global perspective. Students will learn practical skills such as budgeting, forecasting, and managing resources. In addition, the unit will cover financial and non-financial risk in making business decisions, as well as implications for finance management of working in the contemporary globalised environment.
How will students, personally, be different as a result of the unit
Students will develop practical skills with respect to financial management. Students will also learn to discuss the key concepts in this area with respect to the global management issues faced by organisations.
Learning Outcomes
1. Understand the theoretical underpinnings and frameworks for financial reporting and as used in financial decision-making from an international perspective.
2. Independently construct income statements, cash flow statements and balance sheets.
3. Assess financial performance and health using appropriate techniques and financial information.
4. Appreciate financial and non-financial risk in making business decisions in the global context.
5. Plan ahead and conduct financial forecasting using the specialised techniques.
Overview of the teaching pattern
The teaching pattern for this unit will comprise of:
Rationale for the proposed teaching pattern
The ability to appraise the contemporary global challenges in managerial practice requires developing critical thinking skills with respect to contemporary research and its bearing on the real-life problems faced by organisations. In order to develop these critical thinking skills, the assessments are centred on the critical debate, application of theory, reflection, and problem-driven inquiry. In addition, all lectures will promote interaction and discussion of the current affairs in the business world and the evaluation of the relevance of the theory taught. Meanwhile, the pre-recorded teaching material and independent learning using the provided materials on Blackboard will enable students to develop their knowledge and understanding of the subject.
Tasks which count towards your unit mark (summative):
When assessment does not go to plan
If students fail the summative piece of assessment, they will resit an online timed assessment.
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. ACFIM0007).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the University Workload statement relating to this unit for more information.
Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. For appropriate assessments, if you have self-certificated your absence, you will normally be required to complete it the next time it runs (for assessments at the end of TB1 and TB2 this is usually in the next re-assessment period).
The Board of Examiners will take into account any exceptional circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
