MNM2FIN-Finance

Module Provider: Business Informatics, Systems and Accounting
Number of credits: 15 [7.5 ECTS credits]
Level:7
Terms in which taught: Autumn / Spring / Summer module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2022/3

Module Convenor: Dr Niran Subramaniam
Email: n.subramaniam@henley.ac.uk

Type of module:

Summary module description:

This module forms part of the PGDip Business Administration (Senior Leader Apprenticeship) programme and, as such, sets out to provide the knowledge, skills and behaviours required by senior leaders in today’s world, in relation to understanding financial strategies. The module covers a range of areas relating to finance and is designed to meet the learning outcomes of Apprenticeship Standard D: Finance.

Having analysed topics relating to Strategy, Innovation & Change, and Enterprise & Risk, it is important now to incorporate an understanding of financial strategies. The module is designed for the practising manager, recognising that every aspect of the business has an impact on the bottom line. Organisations that do not effectively plan, control and monitor their financial resources are unlikely to achieve their operational targets and strategic business objectives. As such, this module covers core topics in financial accounting, management accounting, finance, microeconomics and procurement to provide a strong foundation for managerial planning, control and decision making. The module is designed to addresses the critical issues of planning and management control to enable managers to direct the resources available to an organisation in the most efficient and effective manner so that they make decisions, which are essential to achieve their business objectives.

Aims:

The Finance module is designed for practising managers to enable them to:Ìý

• 
  

  make effective use of, understand and interpret financial and economic data with an appreciation of the related timeframeÌý

  
  


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  support key management tasks of planning, controlling and decision-making in the achievement of creating value in an organisationÌý

  
  


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  develop a level of confidence in their ability to communicate on financial and economic issuesÌý

  
  

Assessable learning outcomes:

Assessable learning outcomes:Ìý

By the end of the module,Ìýit is expected that programme members will be able to demonstrate their abilityÌýin the following areas:Ìý

Ìý

To know and understand:Ìý

D1(K8).?Financial strategies, for example, scenarios, modelling and identifying trends.Ìý

D2Ìý(K8).ÌýThe application of economic theory to decision-makingÌý

D3Ìý(K8).ÌýHow to evaluate financial and non-financial informationÌýÌý

D4Ìý(K9).ÌýFinancial governance and legal requirements.Ìý

D5Ìý(K9).ÌýProcurement strategiesÌý

Ìý

To be able to:Ìý

D6Ìý(S10).?Oversee development and monitoring of financial strategiesÌý

D7Ìý(S10).?Challenge financial assumptions underpinning strategies.Ìý

D8Ìý(S10).?Oversee setting of organisational budgets based on Key Performance Indicators (KPIs).Ìý

D9Ìý(S11).?Use financial data to allocate resourcesÌý

D10Ìý(S12).ÌýOversee procurement, supply chain management and contractsÌý

Additional outcomes:

SkillsÌý

By the end of the module,Ìýit is expected that programme membersÌýmay beginÌýto demonstrate their ability to:Ìý

A11Ìý(S3).ÌýBe able to undertake research and critically analyse and integrate complex information.ÌýÌý

Ìý

BehavioursÌýÌý

By the end of the module, having applied learning in the workplace, the learner may begin to develop the following behaviours:Ìý

B1: Work collaboratively enabling empowermentÌý and delegation.ÌýÌý

B2: Take personal accountability aligned to clear values.Ìý

B3: Curious and innovative – exploring areas of ambiguity and complexity and finding creative solutionsÌý

B4: Value differenceÌýand champion diversity.Ìý

B5: Seek continuous professional development opportunities for self and wider team.Ìý

ÌýÌý

Outline content:

Outline content for this module is as follows:Ìý

• 
  

  The key financial statements in terms of presentation, terminology, content and the relationship between themÌý

  
  


• 
  

  Analysis of financial statements, interpreting and communicating financial ratiosÌý

  
  


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  The assessment of company performance and key financial measures of performanceÌý

  
  


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  An introduction to time value of money, cost of capitalÌý

  
  


• 
  

  An introduction to company valuation using multiples and discounted cash flowÌý

  
  

• 
  

  The basic concepts of economic thinking relevant to firms in different industriesÌý

  
  


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  The theories of supply and demand, markets and regulation and their relevance to the management of financial resourcesÌý

  
  


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  The costing concepts relevant to making decisions in the short term and in the long termÌý

  
  


• 
  

  The role of budgeting and budgetary control within an organisation’s planning processÌý

  
  


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  The techniques of decision analysis, and methods of investment appraisalsÌý

  
  

• 
  

  The financial information necessary to enable managers to make good decisionsÌý

  
  

Global context:

The module is taught with reference toÌýglobal perspectives, where appropriate.ÌýÌý

Brief description of teaching and learning methods:

Teaching and learning takes place through a blended learning approach. The teaching and learning methods comprise a combination of self-study via a range of online materials on the Canvas learning platform, face-to-face workshops with Academic Faculty and a Learning Coach, and facilitation of learning by a Learning CoachÌý(face-to-face and online).Ìý Programme members take an Action Learning approach, andÌýeachÌýpersonÌýformsÌýpart of an Action Learning set of approxim atelyÌý6 -Ìý8 learners throughout theÌýFinanceÌýmodule.Ìý

Materials on Canvas include content on-screen, videos, PowerPoint presentations, journal articles, book chapters, practice applications and reflection points.ÌýÌý

Summative assessment- Examinations:

Number and length of final examination(s):Ìý

N/AÌý

Summative assessment- Coursework and in-class tests:

One 5,000 word individualÌýassignment, to be submitted as per the submission schedule for the cohort.ÌýÌý

Formative assessment methods:

Facilitated learningÌýactivities are undertaken to support formativeÌýevaluationÌýof the learning. These activities are not assessed for the purposes of the final moduleÌýevaluation.Ìý

This formative assessment takes the form of feedbackÌýon progressÌýgiven to students atÌýthe Action LearningÌýworkshopsÌýor during other interactions with the Learning CoachÌýas well as formative assessment of the individual assignment.Ìý

Penalties for late submission:

These are in accordance with the mode of study arrangements laid out in the programme specifications.ÌýÌý

Assessment requirements for a pass:

Formative assessment requirements for aÌýdecision of ‘Proceed’:Ìý

Evaluation of the work-based project leads to a decision of ‘Proceed’ or ‘Revise’.ÌýÌýIn order to gain a ‘Proceed’ the learner mustÌýsatisfactorily meet 50% of the learning outcomes for the moduleÌý(listed above).ÌýÌýAny learning outcomes not achieved will be highlighted for the learner, so that it is clear that these learning outcomes should be addressedÌýprior to reaching Gateway for the End Point Assessment (EPA).Ìý Learners may revise their project as many times as necessary, as they progress through the programme.Ìý However, only one resubmission will be evaluatedÌýandÌýfeedbackÌýprovidedÌýby the Learning Coach (see reassessment arrangements, below).ÌýÌýÌý

Reassessment arrangements:

Formative reassessment arrangements:Ìý

The revised work-based projectÌýshould beÌýsubmittedÌýas soon as possibleÌýand no later thanÌý6 weeksÌýafterÌýnotification ofÌýthe ‘revise’ decision.ÌýÌýThis resubmission will be evaluated by the Learning Coach, feedback willÌýbe providedÌýand an indication of whether the revised project has met the ‘Proceed’ criteria.ÌýÌýNo further resubmissions will be evaluated by the Learning Coach.ÌýÌýThe student will need to address any remaining gaps regarding achievement of learning outcomesÌýpriorÌýto reachingÌýGateway for the L7 SLA End Point Assessment.Ìý Students should discuss this with their Apprenticeship Tutor at their planned review meetings.Ìý

Ìý

ReassessmentÌýarrangementsÌýforÌýsummativeÌýassessment:Ìý

Reassessment by 100% assignment, capped at 50%.Ìý

Additional Costs (specified where applicable):

Expenses when attending workshopsÌý(in the case ofÌýaÌýworkshop takingÌýplace atÌýGreenlands.)Ìý

Last updated: 22 September 2022