AC1802: Introduction to Managing Finance

Credit Weighting: 5
No. of Students: Min 12.
Pre-requisite(s): None
Co-requisite(s): None
Teaching Period(s): Semester 2.
Teaching Methods: 5 x 3hr(s) Lectures; 1 x 6hr(s) Workshops; 1 x 3hr(s) Other (E-mentoring); Other (Self-directed study)
Module Co-ordinator: Prof Mark Mulcahy, Department of Accounting & Finance.
Lecturer(s): Staff, Centre for Adult Continuing Education.
Module Objective: The purpose of this module is to familiarise the student with an understanding of how financial resources are planned and how budgets operate within a commercial environment. It will also introduce students to core financial management principles.
Module Content: · Interpreting financial statements
· Basic principles of financial planning and budgeting
· Understanding financial risk
· Using financial data to evaluate organisation performance
· The role of finance in planning and decision-making.
Learning Outcome: On successful completion of this module, students should be able to:
  • Demonstrate understanding of commonly used financial terminology.
  • Interpret key financial statements.
  • Inspect and perform basic resource planning and budgeting processes.
  • Describe the key financial metrics of organisation performance.
  • Communicate effectively with those who assume financial responsibility within their organisation.
Assessment: Total Marks 100: Continuous Assessment 100 marks (2 x In class exercises, 30 marks (15 marks each); 1 x 1,500 word case study, 70 marks).
Compulsory Elements: Continuous Assessment.
Penalties (for late submission of course/project work etc.): Where work is submitted up to and including 7 days late, 5% of the total marks available shall be deducted from the mark achieved. Where work is submitted up to and including 14 days late, 10% of the total marks available shall be deducted from the mark achieved. Work submitted 15 days late or more shall be assigned a mark of zero.
Pass Standard and any Special Requirements for Passing Module: 40%.
End of Year Written Examination Profile: No Formal Written Examination.
Requirements for Supplemental Examination: Marks in passed element(s) of Continuous Assessment are carried forward, Failed element(s) of Continuous Assessment must be repeated (as prescribed by the module co-ordinator).

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