Advanced Financial Functions (UWS)
An introduction to the key strategic concepts in the planning and management of organisational resources including capital investment appraisal and budgeting.
Managers often need to make decisions about whether or not to undertake capital projects. The decision-process usually involves both capital budgeting and the time value of money. This module examines both of these elements and explains how decisions about the future can be made easier with the use of some relatively simple calculations.
The calculations are explained and then applied to case studies ranging from straightforward to more involved scenarios. The case studies themselves are based on situations that could readily arise in practice. The theory and practice underlying the preparation of budgets is also discussed in a group context.
At the end of this module the student will be able to:
L1. Determine appropriate financial tools and processes to critically underpin financial decision making.
L2. Critically evaluate budgetary systems as an aid to resource allocation.
L3. Apply appropriate techniques to develop an advanced strategic financial analysis as part of a wider case study.
What will you study
This module introduces students to key strategic concepts in the planning and management of organisational resources. Students will develop knowledge of a range of techniques that underpin capital investment decisions and will critically appraise the role of budgets in achieving strategic organisational objectives. Use of case studies enables students to apply techniques to analyse complex information and make decisions consistent with wider organisational objectives.
Content - Capital investment appraisal (traditional and present value approaches, dealing with risk and uncertainty), budgeting (incremental, rolling, zero-based, activity based, Beyond Budgeting, behavioural and cultural contexts) and case study work to apply appropriate analytical techniques.
The Assessment consists of:
Assessed discussion thread - 30%
Written case study assignment - 70%
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