Financial Decision Making BM414

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MODULE HANDBOOK
Programme:
BA (Hons) Business Management
Course:
Financial Decision Making BM414
Academic Year
2020 – 2021
Feb 21 Semester
Table of Contents
1. Forward……………………………………………………………………………………………………………………………………… 3
2. Module Specification…………………………………………………………………………………………………………………… 3
3. Module Schedule:……………………………………………………………………………………………………………………….. 6
4. Module Assessment ……………………………………………………………………………………………………………………. 9
5. Teaching Schedule…………………………………………………………………………………………………………………….. 10
6. Cross-Referencing of Module Outcomes to Module Assessment…………………………………………………….. 11
1. Forward
Welcome to the Financial Decision Making module. This module prepares you, alongside
the knowledge you have acquired in other courses under the business management
programme, to carry out investigation of a substantial business/business environment
issues or problems, including those on a global scale and demonstrates a critical
awareness of business environment practice, relevant theories and approaches.
This module will help to enhance and develop students’ abilities to appreciate the
importance of finance and accounting in the world of business and commerce. It will
enable the students to understand the value of finance and its relationship with the other
business functions, and how the financial statements are used and applied by the owner,
manager or an external party, irrespective of the size of the business.
Numeracy and quantitative skills, the use of information technology and communication
skills are regarded as very important commodities in today’s workplace. Additionally the
Financial Decision Making module will be an important core element in the development of
the students’ capability to either run their own business or manage someone else’s.
This course will have one assessment, which will take place via a piece of coursework.
The coursework will involve the construction of a spreadsheet for budgeting or the
analysis of a set of financial statements. The students will be required to apply various
financial ratios and other accounting techniques on an organisation.
2. Module Specification
About the Module:
The aim of this module is to introduce students to the concept of finance and accounting.
The students will learn about the purpose of different financial statements prepared by
business, the importance of different elements of financial statements, importance and
purpose of financial ratios. . It will also enable the students to understand the value of
finance and its relationship with the other business functions, and how the financial
statements are used and applied by the owner, manager or an external party, irrespective
of the size of the business.
Module Code: BM414
Module Level: Level 4
Credit Rating: 15 credits
Teaching Weeks: 15 weeks
Teaching Hours: 45 hours
Module Aim:
This module aims to provide students with an opportunity to:
• Develop and enhance students’ financial management skills.
• Develop an awareness and an understanding of the source and purpose of financial
accounting information within the organisation and an understanding of the structure
of the main financial statements.
• Encourage non-accounting students to develop skills necessary to be able to use
financial information for planning, control and decision-making.
Module Learning Outcomes:
• Demonstrate knowledge of the role of finance and accounting within the
organisation with respect to both reporting and decision making aspects.
• Explain the structure and terms used within the main financial statements.
• Apply management accounting techniques for planning, control and decisionmaking within the organisation.
• Calculate the main accounting ratios and explain their significance.
Summative Assessment Regime
Assessment Task
Key Dates
Coursework:1
CW1 – Coursework: Report: 2500 word
report to include business
calculations/ratios
Indicative WK 17 Tuesday 25th
May, 2021 2.00pm via
Turnitin
Core Text:
• Weetman, P. (2015) Financial Accounting: An Introduction. 7th ed. London: FT
Prentice Hall.
• David Cox and Fardon M (2007) Management of Finance: a guide to business
finance for the non-specialist. Worcester: Osborne Books.
• Dyson, J. (2017) Accounting for Non-Accounting Students. 9th ed. Harlow: FT
Prentice Hall.
Journals (including e-Journals)
• Accounting and Business Research – ICA
• Management Accounting Research – CIMA Accountancy – ICAEW
3. Module Schedule:
Week by Week Guide:
Teaching details
1. Week beginning:
01/02/2021
(Timetabling Week 1)
Welcome – The Module, Teaching and Learning & Assessments
Core Lecture Content: Different types of businesses and organisations
Core Reading: Chapter 1: Who needs Accounting
Weetman, P. (2015) Financial Accounting: An Introduction. 7th ed.
London: FT Prentice Hall.
Extended learning activity: Case study: Output services, read the
case study and discuss it at the start of the session next week.
2. Week beginning:
08/02/2021
(Timetabling Week 2)
The accounting function: financial statements’ basics
Core Lecture Content: Different types of financial statements and their
entities
Core Reading: Chapter 2: A systematic approach to financial
reporting: The accounting equation
Weetman, P. (2015) Financial Accounting: An Introduction. 7th ed.
London: FT Prentice Hall.
Extended learning activity: Read the case study on Wyvern stationary
and attempt the seminar questions.
3. Week beginning:
15/02/2021
(Timetabling Week 3)
Analysis and interpretation of accounts
Core Reading: Chapter 3: Financial statements from the accounting
equation
Weetman, P. (2015) Financial Accounting: An Introduction. 7th ed.
London: FT Prentice Hall.
In class activity: accounting ratios worksheet
4: Week beginning:
22/02/2021
(Timetabling Week 4)
Budgeting
Core Reading: David Cox and Fardon M (2007) Management of
Finance: a guide to business finance for the non-specialist.
Worcester: Osborne Books.
In class activity: case study on Seats Ltd. and Wilkinson Ltd. Read
the case studies and attempt the practice questions in the class.
5: Week beginning:
01/03/2021
(Timetabling Week 5)
Concept of ratios and analysing financial statements
Core Reading: Chapter 3: Financial statements from the accounting
equation
Weetman, P. (2015) Financial Accounting: An Introduction. 7th ed.
London: FT Prentice Hall.
Extended learning activity: Students to work on the financial ratios in
question 2 of assignment brief
6. Week beginning:
08/03/2021
(Timetabling Week 6)
Budgets and programmes
Core Reading: David Cox and Fardon M (2007) Management of
Finance: a guide to business finance for the non-specialist.
Worcester: Osborne Books.
7. Week beginning:
15/03/2021
(Timetabling Week 7)
Budgets and programmes
Core Reading: David Cox and Fardon M (2007) Management of
Finance: a guide to business finance for the non-specialist.
Worcester: Osborne Books.
8. Week beginning:
22/03/2021
(Timetabling Week 8)
Interpretation of ratios
Core Reading: Chapter 3: Financial statements from the accounting
equation
Weetman, P. (2015) Financial Accounting: An Introduction. 7th ed.
London: FT Prentice Hall.
Extended learning activity: Students to work on question 1 of the
assignment and produce it to the tutor next week.
Week beginning:
29/03/2021 –
18/04/2021
(Timetabling weeks
9-11)
Easter Break
9. Week beginning:
19/04/2021
(Timetabling Week 12)
Criticisms of Absorption Cost Systems: Incentive to
Overproduce
Core Reading: David Cox and Fardon M (2007) Management of
Finance: a guide to business finance for the non-specialist.
Worcester: Osborne Books.
Extended learning activity: Students to work on question 2 of the
assignment and produce it to the tutor next week.
10. Week beginning:
26/04/2021
(Timetabling Week 13)
Assignment support and revision part A
11. Week beginning:
03/05/2021
(Timetabling Week
14)
Assignment support and revision part B
12. Week beginning:
10/05/2021
(Timetabling Week
15)
Revision
13. Week beginning:
17/05/2021
(Timetabling Week
16)
Revision
14. Week beginning:
24/05/2021
(Timetabling Week
17)
CW1 Submission on 25th May 2020 before 14:00
15. Week beginning:
31/05/2021
(Timetabling Week 18)
Workshops, Assessment Period, Examinations and marking
4. Module Assessment
Assessment One
Assessment Number
One (1)
Assessment Weighting
100%
Due Date
Timetabling Week 17 Tuesday 25th May, 2021 2pm
via turnitin
Assessment Method
Individually Written report
Word Limit
2500 (Twenty five hundred) Words
5. Teaching Schedule
Principles of Marketing
Academic
Week
Number
Date
commencing
Module Activity
Comment
1
01/02/2021
Teaching
2
8/02/2021
Teaching
3
15/02/2021
Teaching
4
22/02/2021
Teaching
5
01/03/2021
Teaching
6
08/03/2021
Teaching
7
15/03/2021
Teaching
8
22/03/2021
Teaching
29/03/2021
Easter break
05/04/2021
Easter break
12/04/2021
Easter break
9
19/04/2021
Teaching
10
26/04/2021
Teaching
11
03/05/2021
Teaching
12
10/05/2021
Teaching
13
17/05/2021
Teaching
14
24/05/2021
Teaching
Assessment 1 Submission –
individually written report
15
31/05/2021
Examinations and marking
6. Cross-Referencing of Module Outcomes to Module Assessment
Please Note:
The specific assignment details and the tasks can be found on LSST Connect site.
Cross-Referencing of Module Outcomes to Module Assessment
Learning Outcome
Assessment 1 Individual
report
1. Demonstrate knowledge of the role of finance and
accounting within the organisation with respect to
both reporting and decision making aspects.

2. Explain the structure and terms used within the
main financial statements.

3. Apply management accounting techniques for
planning, control and decision-making within the
organisation.

4. Calculate the main accounting ratios and explain
their significance.


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