AF4D113 - Advanced Financial Management 01 Sep 2020 - 31 Aug 2026 | Version 2
Associated Module Information
| Module Code: | AF4D113 | ||
|---|---|---|---|
| Module Title: | Advanced Financial Management | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Accounting and Finance | ||
| Faculty Sub Group: | Accounting and Finance | ||
| Module Leader: | Nicola Gilbert, Jared Davies | ||
| Module Team: | Rhian Gosling | ||
| First Intended Intake: | SEP 2018 | Final Year of Intake: | |
| Date Closed: | |||
| Credit Value: | 40 | Credit Level: | 7 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100105 - accounting | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 2 |
|---|---|
| Valid From | 01 Sep 2020 |
| Valid To | 31 Aug 2026 |
Module Aims
This module aims to develop students’ knowledge, understanding, application and critical evaluation of contemporary financial management and corporate finance principles in a range of business contexts. Further, it aims to develop students’ abilities to critically evaluate existing practice and current developments. It will require advanced evaluation and synthesis skills and will foster critical questioning.
Complex practical application of this module’s syllabus areas will be developed; there will be a focus on the practical scenarios that a professional accountant will face and the technical competencies they will require to tackle these. As a result, students will be prepared for the ACCA external Advanced Financial Management examination as well as internal MSc assessments.
The external ACCA examination focuses on preparing candidates to advise management and/or clients on complex strategic financial management issues facing an organisation. They will be required to apply relevant knowledge and skills and exercise the professional judgement expected of a senior financial executive or advisor, in taking or recommending decisions relating to the financial management of an organisation in both the private and public sectors.
Content Summary
The syllabus of this module is based on the ACCA Advanced Financial Management paper.
The syllabus for Advanced Financial Management assumes knowledge acquired at Undergraduate (or ACCA Fundamentals) level and develops the core financial management knowledge and skills covered in previous Financial Management syllabi. Candidates will be expected to demonstrate an integrated knowledge of the subject and an ability to relate their technical understanding of the subject to issues of strategic importance to the organisation.
The syllabus starts by exploring the role and responsibility of a senior executive or advisor in meeting competing needs of stakeholders within the business environment of multinationals. The syllabus then re-examines investment and financing decisions, with the emphasis moving towards the strategic consequences of making such decisions in a domestic, as well as international, context. Candidates are then expected to develop further advisory skills in planning strategic acquisitions and mergers and corporate re-organisations.
The next part of the syllabus re-examines, in the broadest sense, the existence of risks in business and the sophisticated strategies which are employed in order to manage such risks. It builds on what candidates would have covered in Undergraduate and/or ACCA Financial Management syllabi.
The Advanced Financial Management syllabus is summarised by ACCA under the following headings:
• Role of senior financial adviser in the multinational organisation
• Advanced investment appraisal
• Acquisitions and mergers
• Corporate reconstruction and reorganisation
• Treasury and advanced risk management techniques
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Lecture | 30 |
| Seminar | 50 |
| Independent Study | 230 |
| Directed Study | 80 |
| Formative Assessment - Scheduled | 10 |
| Total Hours Selected | 400 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Critically evaluate the development of advanced financial management theories and their application in practice. |
| LO2 | Advise on the role of a senior financial adviser in a multinational organisation including application and critical evaluation of advanced investment appraisal, acquisitions and mergers, corporate reconstructions & reorganisations and treasury & advanced risk management techniques. |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Synchronous Onsite Assessment | Time-constrained assessment (Onsite) 1 | Scenario-based exam | 195 | 3000 | 50 | No | 40 |
| Asynchronous Assessment | Report 1 | Individual written assignment | 0 | 4500 | 50 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Time-constrained assessment (Onsite) 1 | ✔ | ✔ | |
| Report 1 | ✔ | ✔ | |