The module introduces students to the area of managerial accounting, managerial finance, and business finance, and thus to principles associated with budgeting, cost management and associated decision making. It extends this to how financial markets work and the broader role that finance plays within a company/business, its valuation, rates of return and risk, attractiveness to investors and shareholders, and its capital structure.

Module Aim

The module aims at equipping students with key financial principles, an understanding of how financial markets operate and how the practical application of sound managerial accounting and financial theory can be used to influence company performance.

Module Learning Outcomes

Upon completion of this module, the student should be able to:
1.    Analyse financial statements.
2.    Explain managerial accounting, cost concepts and the basics of cost/volume/profit relationships. 
3.    Discuss how to budget efficiently and measure performance by analysing standard costs. 
4.    Apply time value of money concepts in bond and stock valuation and measure risk and rates of return.
5.    Illustrate cash flow estimation for expansion projects and replacement. 
6.    Discuss the capital structure decision including the cost of capital and the firm’s optimal capital structure.