03/06/16

Managing Financial Resources 414 | University College Birmingham

Managing Financial Resources 414

(2015-16)

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33 items

Lecturing Team (1 items)

Peter Gallimore p.gallimore@ucb.ac.uk Room: 610

Module Overview (6 items)

Module Description (1 items)

The primary aim of this module is to provide students with an understanding of the wide
variety of financial information available to managers.The core theme of this module is to
consider how managers in all business organisations can utilise financial information to
greatly enhance the decision making process.Great focus is placed upon the interpretation
of financial information and in this way the module builds upon and develops techniques
studied during the level four Business Operations module.

Learning Outcomes (1 items)

The learning outcomes highlight the key skills and/or knowledge which students are
expected to learn from the module. Students can use these learning outcomes for their
own learning and should remember that achievement of these outcomes is dependent on
lecture attendance, seminar participation, assignment completion and additional reading.
For the Managing Financial Resources module students must achieve the following
outcomes:
Prepare budgets and cash flow forecasts for an organisation. Compare and contrast
financial decisions based on financial information available Recognise and assess the
regulatory framework for financial reporting Analyse and interpret the financial
performance of business organisations

Teaching and Learning Methods (1 items)

A variety of teaching and learning methods will be used.Methods will include lectures,
seminars, group based discussion and workshop time will be allocated at the end of each
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Managing Financial Resources 414 | University College Birmingham

session. Particular emphasis is placed upon the application of concepts and theories to
service sector-based business scenarios. Learning will be supported by handouts in the
form of lesson notes and articles, OHT's, videos and other material deemed appropriate for
the topic areas under consideration and where possible reference will be made to relevant
industry examples.

Learning Outcomes and Mode of Assessment (1 items)

The assessment plan for the module is designed to cover the learning outcomes.
Assessment Hand-out Hand-in Weighting Learning Outcomes
CW Financial Analysis Week 1 Week 6
EX (Written Exam) Week 12

40%

60% 2, 3, 4
1, 2

Description of Assessed Tasks (1 items)

CW consists of a report based on financial analysis of a hospitality / tourism organisation.
This is designed to cover learning outcomes 2, 3 and 4.
The 1-hour Written Exam at the end of the module provides the opportunity for individual
coverage of the learning outcomes 1 and 2.

Graduate Attributes Covered in this Module (1 items)

The knowledge, skills and mind-set to become an employee in the trans-national
community.
The ability to use enquiry and problem solving techniques within a range of contexts.
The ability to use data to create information and knowledge and make critical judgements
on these.
An understanding and openness to the concept of multiple and uncertain futures.

Finding Information for your Assignments (2 items)

USearch
Webpage | A useful tool to search across UCB's online collections of journals,
newspapers, books and ebooks. To learn how to use online resources more effectively,
contact your Subject Librarian.

Library Portal
Webpage | Access our e-resources individually or search the Library catalogue via this

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Managing Financial Resources 414 | University College Birmingham

Library Portal link. You will also find more general library information there too.

Lecture Programme (24 items)

Weeks 1 - 2 Review of Final Accounts (2 items)
Introduction to the module Review of profit statements and key terminology Review of
balance sheets and measurements of wealth Preparation of profit and loss accounts and
balance sheets Launch CW (week 1) Workshops
Financial accounting for decision makers - Peter Atrill, Edward J. McLaney, 2008
Book | Chapters 2 & 3

Weeks 3 - 5: Ratio Analysis Profitability and Liquidity

(6 items)

Introduction to comparisons of business performance Profitability, liquidity, and efficiency

ratios Benchmarks and trends as measures of performance Working capital and its
importance. Workshops

Financial accounting for decision makers - Peter Atrill, Edward J. McLaney, 2008
Book | Chapters 7 & 8
Accounting for non-accounting students - Dyson, John Richard, 2010
Book | Chapter 10
Introduction to accounting for non-specialists - Hand, Len, Isaaks, Carolyn, Sanderson,
Peter, 2004
Book | Chapter 8
Frank Wood's business accounting 1 - Frank Wood, Alan Sangster, 2012
Book | Chapter 47
Frank Wood's business accounting 2 - Wood, Frank, Sangster, Alan, 2012
Book | Chapters 27 and 28

Reading Week
Week 6: Budgetary Control Cash Budgets (4 items)
Introduction to the budgeting process Monthly cash flow forecasts Implications of credit
transactions Role of cash budgets in practice

Financial accounting for decision makers - Peter Atrill, Edward J. McLaney, 2008

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Book

| Chapter 6

Accounting for non-accounting students - Dyson, John Richard, 2010

Book | Chapters 7 and 15
Frank Wood's business accounting 2 - Wood, Frank, Sangster, Alan, 2012
Book | Chapters 38 to 40

Week 7: Budgetary Control Forecast Profit Statements (4 items)

Forecast profit and loss statements Linking profitability and liquidity Difficulties of
forecasting in practice

Financial accounting for decision makers - Peter Atrill, Edward J. McLaney, 2008
Book | Chapter 6
Accounting for non-accounting students - Dyson, John Richard, 2010
Book | Chapters 7 and 15
Frank Wood's business accounting 2 - Wood, Frank, Sangster, Alan, 2012
Book | Chapters 38 to 40

Weeks 8 - 9: Pricing Policies for Service Industries (3 items)

Net profit pricing theory Discount pricing applying marginal cost analysis Application of
pricing theories in practice

Accounting for non-accounting students - Dyson, John Richard, 2010

Book | Chapter 18
Introduction to accounting for non-specialists - Hand, Len, Isaaks, Carolyn, Sanderson,
Peter, 2004
Book | Chapter 2

Week 10: Departmental Accounting (3 items)

Distinguish between allocation and apportionment Advantages and disadvantages of
departmental accounting Preparation of departmental profit and loss account and analysis
of departmental profitability

Management accounting for decision makers - Atrill, Peter, McLaney, Edward J., 2006
Book | Chapter 4

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Frank Wood's business accounting 1 - Frank Wood, Alan Sangster, 2012

Book | Chapter 38

Week 11: Revision (1 items)

No set reading

Week 12: Written Exam (in-class) (1 items)

No set reading

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