Unit information: Financial Management in 2024/25

Unit name Financial Management
Unit code ACFIM0019
Credit points 20
Level of study M/7
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Dr. Wu
Open unit status Not open
Units you must take before you take this one (pre-requisite units)

None

Units you must take alongside this one (co-requisite units)

None

Units you may not take alongside this one

None

School/department School of Accounting and Finance - Business School
Faculty Faculty of Social Sciences and Law

Unit Information

Why is this unit important:

This unit aims to give students a thorough grounding in the fundamentals of Financial Management. To pursue career pathways in accounting and finance area, such as financial analyst, finance manager, or asset manager, students need to have sufficient knowledge about the application of financial statement information, firm-level investment decision, asset pricing, capital structure and financing decision. The Financial Management unit provides students with this necessary knowledge alongside real-world practice and examples.

How does this unit fit into your program of study:

Financial management unit is a mandatory unit for MSc Accounting, Finance and Management. This unit serves as the foundation for second-term optional units in accounting and finance.

Your learning on this unit

An overview of content:

Financial Management unit includes a series of carefully selected topics: understanding and interpretation of financial statement via ratio analysis, corporate investment appraisal, capital structure optimization and financing decisions, portfolio diversification, asset pricing models and market efficiency.

How will students, personally, be different as a result of the unit:

By taking this unit, students will increase their knowledge of career pathways related to financial management and the skills that are required for these roles. Furthermore, students will develop approaches to teamwork and collaboration and be able to explain their own and others’ contributions. Besides, students will also practice reflecting on learning experiences in order to build self-awareness and the ability to articulate experience and abilities.

Learning outcomes:

On successful completion of this unit, students will be able to:

  1. Analyse and interpret company accounts using ratio analysis
  2. Apply principles of investment appraisal and incorporate currency risks in an international environment
  3. Evaluate the issues of market efficiency
  4. Practice the principles of portfolio theory
  5. Solve financial problems in the context of uncertainty, such as calculating the cost of equity using the Capital Asset Pricing Model and the weighted average cost of capital in the presence of debt
  6. Discuss sources of long-term finance and the role of corporate taxes in the optimal capital structure decision

How you will learn

Financial Management unit is delivered through a carefully designed mix of live lectures, tutorials and exercise lectures. The live lectures will be delivered face-to-face on campus and each session last for 2 hours. The live lectures are the most important approach for students to have comprehensive exposure to relevant knowledge of this unit.

The live tutorials and exercise lectures will also be delivered face-to-face on campus, and each session will last for 50 minutes. These sessions will include sufficient interaction between tutors and students, and will focus on solving problems that students encountered during their learning journey.

Apart from the above mandatory sessions, additional activities such as online discussion boards, peer study groups, and inquiry-based 1-to-1 staff advice and feedback hour will complement students’ learning experience.

How you will be assessed

Tasks which help you learn and prepare you for summative tasks (formative):

There are three types of formative tasks included in this unit to support students’ learning. First, the students can take weekly online quizzes via Blackboard. This quiz includes several MCQs that allow students to test for understanding and feedback is given once it is finished. Second, there are tutorial sessions and each session lasts for 50 minutes. These tutorials allow students to practice and enhance their understanding of knowledge, and verbal feedback will be given during the session. Third, there are exercise lectures and each session lasts for 50 minutes. These exercise lectures allow students to do some group tasks to have more exposure to relevant knowledge and gain group work experience, and verbal feedback will be given during the session.

Tasks which count towards your unit mark (summative):

Financial Management unit will be assessed by 100% individual coursework, 3000 words. This coursework includes analyzing, calculating, and discussing-based questions, covering ILO1, ILO2, ILO3, ILO4. ILO5 and ILO6

When assessment does not go to plan

When a student fails the unit and is eligible to resubmit, failed components will be reassessed on a new like-for-like submission

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. ACFIM0019).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the University Workload statement relating to this unit for more information.

Assessment
The assessment methods listed in this unit specification are designed to enable students to demonstrate the named learning outcomes (LOs). Where a disability prevents a student from undertaking a specific method of assessment, schools will make reasonable adjustments to support a student to demonstrate the LO by an alternative method or with additional resources.

The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. For appropriate assessments, if you have self-certificated your absence, you will normally be required to complete it the next time it runs (for assessments at the end of TB1 and TB2 this is usually in the next re-assessment period).
The Board of Examiners will take into account any exceptional circumstances and operates within the Regulations and Code of Practice for Taught Programmes.