AF3D11 - Financial Management 01 Sep 2023 - 31 Aug 2026 | Version 1
Associated Module Information
| Module Code: | AF3D11 | ||
|---|---|---|---|
| Module Title: | Financial Management | ||
| Faculty: | Faculty of Business and Creative Industries | ||
| Faculty Group: | Accounting and Finance | ||
| Faculty Sub Group: | Accounting and Finance | ||
| Module Leader: | Nicola Gilbert, Claudia Scicluna | ||
| Module Team: | Rosemary Eaton, Jared Davies | ||
| First Intended Intake: | SEP 2023 | Final Year of Intake: | 2026 |
| Date Closed: | |||
| Credit Value: | 40 | Credit Level: | 6 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100832 - financial management | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 1 |
|---|---|
| Valid From | 01 Sep 2023 |
| Valid To | 31 Aug 2026 |
Module Aims
This module is one of six modules that form the Applied Skills Level of the ACCA Qualification.
Please note that aims, learning outcomes and content are based on the 2020 ACCA Financial Management Syllabus & Study Guide. Latest versions of all ACCA Syllabus & Study Guide documents can be found at: https://www.accaglobal.com/ca/en/student/exam-support-resources.html
Successful completion of the internal assessments for this module will allow a student to claim exemption from ACCA’s Financial Management module. Students may opt to sit ACCA’s external equivalent of this module directly.
The main aims are to develop the knowledge and skills expected of a finance manager, in relation to investment, financing, and dividend policy decisions.
Content Summary
The syllabus for Financial Management is designed to equip candidates with the skills that would be expected from a finance manager responsible for the finance function of a business. It prepares candidates for more advanced and specialist study in Advanced Financial Management. The syllabus, therefore, starts by introducing the role and purpose of the financial management function within a business.
Before looking at the three key financial management decisions of investing, financing, and dividend policy, the syllabus explores the economic environment in which such decisions are made.
The next section of the syllabus is the introduction of investing decisions. This is done in two stages - investment in (and the management of) working capital and the appraisal of long term investments.
The next area introduced is financing decisions. This section of the syllabus starts by examining the various sources of business finance, including dividend policy and how much finance can be raised from within the business. It also looks at the cost of capital and other factors that influence the choice of the type of capital a business will raise.
The principles underlying the valuation of business and financial assets, including the impact of cost of capital on the value of business, is covered next.
The syllabus finishes with an introduction to, and examination of, risk and the main techniques employed in managing such risk.
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Practical classes and workshops | 50 |
| Independent Study | 190 |
| Directed Study | 150 |
| Formative Assessment - Scheduled | 10 |
| Total Hours Selected | 400 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Discuss the role and purpose of the financial management function |
| LO2 | Assess and discuss the impact of the economic environment on financial management |
| LO3 | Discuss and apply working capital management techniques |
| LO4 | Carry out effective investment appraisal |
| LO5 | Identify and evaluate alternative sources of business finance |
| LO6 | Discuss and apply principles of business and asset valuations |
| LO7 | Explain and apply risk management techniques in business |
| LO8 | Display competence in a range of soft/transferable skills |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Synchronous Onsite Assessment (Exam) | Onsite Closed Book Examination 1 | Time Constrained Assessment | 195 | 4200 | 70 | No | 40 |
| Asynchronous Assessment | Report 1 | Written assignment. | 0 | 2000 | 30 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | |||||||
|---|---|---|---|---|---|---|---|---|
| LO1 | LO2 | LO3 | LO4 | LO5 | LO6 | LO7 | LO8 | |
| Onsite Closed Book Examination 1 | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ | ✔ | ✔ |
| Report 1 | ✔ | ✘ | ✘ | ✔ | ✘ | ✔ | ✘ | ✔ |