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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

Department: Economics and Finance

ECON546JN: Financial Management

Type Tied Level 4 Credits 15 Availability Not available in 2021/22
Tied to N2P109J Management (commencing in January) (suspended for 21/22)
Tied to N2P209J Management (Finance) (commencing in January) (suspended for 21/22)

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