RGU: RGU Module: Financial Management (BS3238)

Module Title
Financial Management

Keywords
Consolidated group financial statements, recognition, measurement, analysis, current developments

Reference

BS3238

SCQF Level

SCQF 9

SCQF Points

ECTS Points

Created

August 2010

Approved

January 2011

Amended

Revision No.

Prerequisites for Module

To have passed the relevant first and second year modules or equivalent.

Corequisite Modules

None.

Precluded Modules

None.

Aims of Module

To prepare, analyse and interpret consolidated financial statements. To discuss and apply relevant issues within complex areas of financial accounting.

Learning Outcomes for Module

On completion of this module, students are expected to be able to:

1.	Prepare single company and group consolidated financial statements.
2.	Explain the principles of accounting for capital schemes and foreign exchange rate changes.
3.	Discuss accounting principles considering their relevance to contemporary accounting issues and discuss and evaluate developments in financial and non-financial reporting.
4.	Produce a ratio analysis from financial statements and evaluate performance and position.
5.	Produce clear and concise written communication through coursework activities.

Indicative Module Content

Group financial statements – group consolidated financial statements, minority interest, joint venture, capital reconstruction, foreign currency, foreign investment.
Issues in recognition and measurement – asset valuation, substance over form, financial instruments, pension scheme valuation.

Analysis and interpretation of financial accounts – ratio analysis, segmental analysis, limitations of analysis.
Developments in external reporting.

Indicative Student Workload

Contact Hours	Distance Learning
Assessment	6
Virtual tutorials and workshops	30
Directed Study
Assessment preparation	40
Directed question practice	40
Directed research and reading	134
Private Study
Private study	50

Mode of Delivery

The mode of delivery is Distance Learning - with a focus on the use of interactive online activities such as forums and chat rooms.

Assessment Plan

	Learning Outcomes Assessed
Component 1	1,2,3,4
Component 2	3,4,5

Component one is the CIMA management level exam (80%).

Component two consists of a range of assessment types (20%).

Indicative Bibliography

1.	Core module material provided, includes material from CIMAstudy.com, published by CIMA and Elsevier.
2.	ATRILL, P., 2009. Financial management for decision makers. 5th ed. Harlow: FT/Prentice Hall. (ebook)
3.	ELLIOTT, B. and ELLIOTT, J., 2009. Financial accounting and reporting. 13th ed. Harlow: FT/Prentice Hall.(ebook)
4.	Guided and timely sources of literature available from the University library according to the subject matter under consideration.