AMITY GLOBAL BUSINESS SCHOOL

FRM-007 Page 1 of 2 Version 1.0

Module Syllabus

Course ADVANCED DIPLOMA IN BUSINESS MANAGEMENT

Module Title Managing Finance and Financial Decisions

Module Syllabus no. (if any)

Year offered 2017

Start date Feb / Apr / Sep 2017

End date Jan / Mar / Aug 2018

Module Description Looking forward and planning for the future is essential in any organisation. As organizations develop they must always have an eye on the future and make decisions that will make their desired future a reality. Planning and decision making is a core aspect of business strategy and this module will look at the accounting and finance information that is used in planning and in support of the decision making process. This module will introduce and demonstrate the accounting techniques which are used in planning and in short and long term decision making. It will critique the various techniques, discuss the theoretical underpinning and reflect on application and validity. The module will also draw on aspects of organisational behaviour, and the risky, uncertain and quickly-changing environment in which many organisations operate.

This module will enable students to develop key skills essential in financial management in organisations, and will ensure that they will be able to apply the various techniques used and interpret the information produced. They will be expected to critique the tools used and discuss their applicability in a service driven global business environment. Given the importance placed on planning and decision making in organisations and given that the effects of these are felt on staff at all levels, this module has been designed so that it can assist all those who are planning a career in business alongside those wishing to specialise in accounting. Assessment will be by examination at the end of the module. One of the main focuses for the design of this module has been the further development of relevant employability and professional skills. Such skills are implicit in the learning outcomes.

Outline Content Learning theories with emphasis on learning styles and approaches to study

A framework for planning and decision making

Accounting for planning: Costing; Traditional and ABC; target costing; alternatives and a critique.

Accounting for planning: The budgeting process and the preparation of budgets; a critique.

Financial forecasts: Forecasting Income statement and position statements

Short term decision making; Special order; make or buy; limited resources; pricing.

Long-term decision making: Capital investment appraisal; issues.

No. of teaching hours 24 hours

Teaching Methods Lectures, tutorials, case-studies analysis, research journals and group discussion.

Assessment Methods and Weightages

3000 Word Assignment (100%)

Skills for Maximising Learning Outcomes

Reading and research

AMITY GLOBAL BUSINESS SCHOOL

FRM-007 Page 2 of 2 Version 1.0

Dates of examinations, major assessments and assignments

Jan / Mar / Aug 2018

Key Text Key text

Proctor, R. Managerial Accounting for Business Decisions; 3rd Edition 2009; FT Prentice Hall

Upchurch, A. Management Accounting: Principles and Practice; FT Prentice Hall

Drury, C. (4th edition(2005) Management Accounting for Business (3rd edition,); Thomson

Atrill, P. and McLaney, E. (latest edition(2002) Management Accounting for Non-specialists (2nd

edition); Financial Times/Prentice Hall or Management Accounting for Decision Makers (4th edition)

Websites: www.accaglobal.com; www.cimaglobal.com;

Journals: Financial Management, Accountancy Age

Additional Remarks (if any) Use of Excel software

Learning Outcomes (threshold standard)

Type On successful completion of this module the student will be expected to be able to:

Knowledge and understanding

Understand how managers might use accounting information when communicating with each other and with the external environment

Knowledge and understanding

Demonstrate an ability to assess the financial management strategies of an organisation.

Intellectual, practical, affective and transferable skills

Appraise the use of accounting techniques in the areas of planning and control within an organisation

Intellectual, practical, affective and transferable skills

Interpret accounting information and provide analysis of the results.

Lesson No. Learning Outcome

1 Introduction to Accounting, Accounting Concepts and Systems

2 Financial Analysis and Business Planning

3 Budgets and Performance Management

4 Cash Flow

5 Pricing Decisions and group presentation

6 Investment Decisions

7 Investment Decisions

8 Operational Decisions and Revision