Fundamentals of Managerial Finance

Want to discover how to plan and control routine business operations?  This module gives a clear understanding of the various techniques used in financial decision-making, as well as a greater knowledge of the principles of management accounting.  You’ll also learn how to evaluate and appraise non-routine investment and acquisition decisions, and discover how to distinguish between management accounting, cost accounting and financial accounting.

What does the module cover?

Analyse the key concepts and techniques used in preparing accounting information for managerial planning and control and financial management.  Develop ability to evaluate the application of these key concepts and techniques, based upon research in the relevant literature.  Evaluate problems in managerial planning and control and financial management.  Finally, you’ll generate solutions to problems of managerial finance in report format.

More Information

Module Code:

FE2028

Key topics

• Introduction to management accounting
• The distinction between management accounting, cost accounting and financial accounting
• Information needs for decision making planning and control 
• Cost accumulation for stock valuation
• Job, contract, process and joint product costing
• Limitations of traditional costing systems and the development of Activity Based Costing
• Introduction to financial management
• Rationale underlying investment appraisal techniques
• Introduction to the valuation of businesses.

Pre-requisites

None

Number of credits & study time

20 credits / 200 hours

Assessment

In addition to a number of formative assessments that you’ll need to complete as part of your coursework and forward to your tutor, you’ll also be required to complete two summative assessments, each counting towards 50% of your final grade which will be written reports – one analysing a case study in the area of managerial planning and control and the other in the area of financial management (both max 1,250 words).