Financial Management (Level 8)

Duration 12 weeks Full-time x 5 hours per week

Stage 2

NFQ Level Level 8

ECTS Credit 10

The Financial Management module in a business degree equips students with essential knowledge and skills to make informed financial decisions within an organization. Key topics include financial analysis, budgeting, capital structure, investment strategies, and risk management. Students learn how to interpret financial statements, assess financial health, and develop strategies for effective resource allocation.

Through case studies and practical applications, this module emphasizes the role of financial management in achieving organizational objectives and enhancing shareholder value. By the end of the course, students are prepared to apply financial principles in real-world scenarios, making them well-equipped for careers in finance, investment, and corporate management..

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Indicative Syllabus

Financial Management

Financial strategy and organisational objectives for commercial and not-for-profit organisations;
Maximising shareholder value;
Financial Strategy and the role of the financial manager;
Corporate social responsibility towards shareholders and society;
Sources of finance for small and medium sized entities.

Working Capital

The nature and importance of working capital management;
Calculations of working capital cycle and techniques on shortening the cash cycle;
Reporting to management on current performance
Methods employed to manage stock, debtors and cash and their analysis;
The management of trade creditors and back overdrafts
Optimum inventory levels – safety stocks, EOQ, JIT,

Investment Appraisal

Evaluation of long term investment opportunities through the use if NVP
Internal Rate of Return
Accounting rate of return
Payback period
Profitability index and capital rationing
Relevant and irrelevant costs
Taxation, Inflation and investment appraisal
Risk and uncertainty in project appraisal

Company Valuations

Price Earning Method;
Asset Based Method.
Floated V unquoted companies
Defending takeover bids

The Cost of Capital and Capital Structure

Equity
Debt
Weighted average cost of capital
The importance of choice in capital structure
Practical factors affecting capital structure
Corporate failure & the theory of Altman Z score

Risk Management

The nature and types of risk and approaches to risk management;
Causes of exchange rate differences and interest rate fluctuations;
Hedging techniques for foreign currency risk;
Hedging techniques for interest rate risk.

Module Details

Minimum Intended Learning Outcomes (MIMLOS)

On completion of this module learners will have been enabled to:

Discuss the role of the finance function within an organisation and the impact of the economic and financial environment within which it operates;
Apply appropriate techniques to appraise capital investment projects and recommend a course of action;
Evaluate the relationship between shareholder’s pursuit of wealth and corporate governance, risk management and organisational ethical behaviour;
Explain the sources of finance that are available to business organisations and outline the impact different types of finance have on the organisations capital structure;
Assess the role of effective working capital management and its importance to organisational success;
Apply techniques to calculate, evaluate and recommend the value of an organisation.

Assessments / Exams

MIMLOs
Assessment
Percentage

This module will be assessed via a 80% Proctored Written Examination and 20% Continuous Assessment.

Reassessment Opportunity

Where the combined marks of the assessment and examination do not reach the pass mark the learner will be required to repeat the element of assessment that they failed. Reassessment materials will be published on Moodle after the Examination Board Meeting and will be aligned to the MIMLOs and learners will be capped at 40% unless there are personal mitigating circumstances.

Financial Management (Level 8)

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If you have any questions specific to this course, you can speak directly with one of our course lecturers. Please get in touch, we’re happy to help!