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ACCT2071: Financial Management Techniques for Accountants

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Type	Tied
Level	2
Credits	20
Availability	Available in 2023/24
Module Cap	None.
Location	Durham
Department	Accounting

Prerequisites

None

Corequisites

None

Excluded Combinations of Modules

None

Aims

Accountants need to understand how businesses operate and how accounting and finance functions support businesses in achieving their objectives.
This module aims to enable students understand how, as accountants, they would support a business and its advisors to consider relevant options for financing a business, recognise and manage financial risks and make appropriate investment decisions.

Content

Financing options
Managing financial risk
Investment decisions and valuation

Learning Outcomes

Subject-specific Knowledge:

On completion of this module students should be able to:
Recommend relevant options for financing a business
Recognise and manage financial risks
Make appropriate investment decisions
Resolve ethical dilemmas

Subject-specific Skills:

On completion of this module students should be able to:
Identify capital requirements of businesses, assess financing options and recommend relevant methods of financing
Identify the financial risks facing a business and the principal methods of managing those risks
Apply appropriate investment appraisal techniques, taking into account other factors affecting investment decisions
Understand the implications of financial strategy for all stakeholders, and resolve ethical dilemmas

Key Skills:

develop a range of generic transferable skills relating to research
acquire appropriate skills for synthesis of data
show critical thinking and creativity
apply professional scepticism
develop problem solving skills
apply numerical, information and IT skills at an appropriate advanced level

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

Learning will be based on knowledge transfer from workshops and independent study; workshop activities and discussions provide the technical understanding of the main financial management techniques.
The summative timed, invigilated examinations will assess students understanding of the main financial management theories and technical mechanisms through problem solving and reflection on learning.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total	Monitored
Workshops	20	2 per week	2 hours	40	Yes
Revision Webinar	1	Once	2 hours	2
Preparation, Reading and Independent Study				158
Total				200

Summative Assessment

Component: Examination 2		Component Weighting: 70%
Element	Length / Duration	Element Weighting	Resit Opportunity
In-person Written Examination	2 hours 30 mins	100	Same

Component: Examination 1		Component Weighting: 30%
Element	Length / Duration	Element Weighting	Resit Opportunity
In-person Written Examination	1 hour	100	Same

Formative Assessment

Practice test

More information

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