Finance Management
6 Credits (ECTS)
Finance Management
Get 70% back via Tax Credit
Module Description
Learners will gain knowledge on the major areas of finance, the managerial finance function and role of financial management.
Learners will familiarise themselves with financial statements and their purpose as well as critically assess the nature of costs i.e. direct, indirect, sunk and opportunity cost.
In addition learners will become familiar with the time value of money.
Learners will gain knowledge on capital structure and comprehend the relationship between profit and cash flow and the interpretation of the cash flow statement.
Entry Requirements
Candidates who apply for this course must possess:
- a qualification at MQF Level 4 (one ‘A’ Level or equivalent in any subject)
AND
- a pass in English* and Mathematics at MQF Level 3 (‘O’ Level or equivalent).
Preference is given to applicants having a year of work experience related to the field of study.
*Students whose first language is not English will be required to demonstrate evidence of an adequate level of English proficiency.
Target Audience
This course is targeted at people who wish to have a thorough background in management in order to progress further in their careers, such as:
- Supervisors
- Coordinators
- Assistant Managers
- Junior Managers
- Middle Managers
- Project Coordinators/ Project Managers
The target group can also be extended to groups that have significant management experience but lack a formal qualification, such as managing directors and officers.
Module / Unit Instructions
The proposed structure comprises a blended approach promoting the building of a community of practice via peer-to-peer learning. The structure uses primarily two dimensions of teaching-learning modes:
- Face to Face sessions
Face-to-face sessions include lectures, tutorials, discussions, presentations and workshop activities promoting peer-to-peer learning.
- Online Learning Activities
Online learning activities incorporate tutorials and asynchronous discussions. These may consist of active interaction, participation and contributions in fora discussions, sharing resources and self-reflection exercises. Learners also contribute to the building of the community of practice by providing feedback to their peers as critical friends, enhancing the learner’s critical engagement throughout the study period.
How you’ll be assessed
The course comprises:
- Evening classes for part-time courses.
- Classes held throughout the day for full-time courses.
- Guided learning, presentations, comprising synchronous online discussions, tutorials and/or videos.
- Self-study hours comprising research, reading and assignment work.
Assessment
Assessment is carried out via two mandatory components:
- Modular Assessment
- Summative Assessment
The programme includes different forms of assessment which allow for and promote students’ critical engagement. The formative and summative assessment tasks may include an in-class assignment and/or a home-based written assignment using diverse assessment tools which may take the form of online and in-class discussions, examinations, case studies, reports, proposals, essays, and presentations, etc., as applicable to the diverse modules.
Additional Info
Upon successful completion of this course, students will be eligible for a 70% refund of the cost through the ‘Get Qualified’ scheme.**
Due to the modular structure of the course, you may also opt to take individual modules as stand-alone. The entry requirements still apply.***
*Prices are applicable to students who reside in Malta at the time of applying.
Learning Outcomes
Competences:
At the end of the module/unit the learner will have acquired the responsibility and autonomy to:
- Identify the financial structures of legal forms of business organisations.
- Assess critically the nature of costs I which are direct, indirect, sunk and opportunity cost.
- Identify the relationship between profit and cash flow.
- Identify cash inflows and outflows in own organization.
- Interpret the cash flow statement of own organisation.
- Carry out financial-based decisions for the prosperity of own organization.
- Carry out internal and external audits.
Knowledge:
At the end of the module/unit the learner will have been exposed to the following:
- The role and function of financial management.
- A primer on financial statements and reporting.
- The nature of costs.
- Time value of money.
- The budgeting process.
- Capital structure.
- Cash flow and profit.
- Financial-based decisions.
- Asset Management.
- Internal Controls.
- External and Internal Auditing.
Skills:
At the end of the module/unit the learner will have acquired the following skills:
- Demonstrate the time value of money that is net present value and future value.
- Apply cash-based and accruals-based concepts when working out own finances.
- Demonstrate the accounting cycle and accounting records in the appropriate documentation.
- Plan the different types of budgets required for finance management.
Judgment Skills and Critical Abilities:
The learner will be able to:
- ) Examine organisational objectives in line with financial management.
- Evaluate the financial structures of legal forms of business organisations.
- Assess critically the use of ledgers and the relationship between profit and cash flow.
- Evaluate the time value of money and the budgeting process.
Module-Specific Communication Skills:
The learner will be able to:
- Explain the purpose of financial statements.
- State the use of ledgers in finance management.
- Explain the nature of direct, indirect, sunk and opportunity costs.
- Discuss the identification of cash inflows and cash outflows.
- Define the roles and function of financial management.
- Describe the purpose of financial statements.
- Describe the different types of budgets that one needs to workout in financial statements.
Module-Specific Learner Skills:
The learner will be able to:
- Evaluate own learning on the agency theory and ethics and identify any knowledge gaps.
- Proceed to independently study the nature of costs.
- Study independently the budgeting process.
- Undertake further studies in interpreting the cash flow statements.
- Evaluate own learning on financial-based decisions to identify own strength and weaknesses.
Module-Specific Digital Skills and Competences:
The learner will be able to:
- Navigate through the online learning platform to benefit from assignments, discussion boards, literature, tutorials etc.