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Durham University

Postgraduate Module Handbook 2021/2022

Archive Module Description

This page is for the academic year 2021-22. The current handbook year is 2022-23
No such Code for pgprog: N1K607
No such Code for pgprog: N1KL07
No such Code for pgprog: N2P509

Department: Economics and Finance

ECON54615: Financial Management

Type Open Level 4 Credits 15 Availability Available in 2021/22
Tied to N1K607
Tied to N1KL07
Tied to N2P109 Management
Tied to N2P209 Management (Finance)
Tied to N2P309 Management (Entrepreneurship)
Tied to N2P509
Tied to N2P609 Management (International Business)
Tied to N2P909 Management (Supply Chain Logistics)

Prerequisites

  • None

Corequisites

  • None

Excluded Combination of Modules

  • None

Aims

  • To provide students with the ability to critically evaluate the information needs of management for control and for decision making;
  • To provide students with a critical understanding of the context of the use of management accounting information for control and an appreciation of the limitations of the information.

Content

  • Costs for control and short-term decision making
  • Budgeting and performance measurement
  • Cash flow forecasting and working capital management
  • Long-term corporate decision making and managerial incentives
  • Investment appraisal and real options
  • Corporate debt management

Learning Outcomes

Subject-specific Knowledge:
  • Have an advanced knowledge and critical understanding of the information needs of management for control and decision making;
  • Have a critical appreciation of the context of the use of that information;
  • Have a critical appreciation of recent academic literature in this area and the implications for current management practice.
Subject-specific Skills:
  • Be able to use selected tools of financial decision making to see the benefits of informed decision making.
Key Skills:
  • Written communication; planning, organising and time management; problem solving and analysis; using initiative; computer literacy.
  • Written communication; planning, organising and time management; problem solving and analysis; using initiative; computer literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • The learning outcomes will be met by a combination of lectures, workshops, case studies and guided reading.
  • The assessment of the module, by the written examination, is designed to test the acquisition and articulation of knowledge, and the ability to apply and interpret it in specific contexts.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 10 1 per week 2 hours 20
Seminars 4 1 per fortnight 1 hour 4
Preparation, Reading, Data Collection and Independent Study 126
Total 150

Summative Assessment

Component: Examination Component Weighting: 100%
Element Length / duration Element Weighting Resit Opportunity
Unseen written examination in two sections: multiple-choice and essay-type. 2 hours 100% Same

Formative Assessment:

Participation in computer based student self-assessment exercises.


Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University