Fundamentals of Finance and Management Accounting
6 Credits (ECTS)
Fundamentals of Finance and Management Accounting
Get 70% back via Tax Credit
€280 refund on this module
Module Description
This is an introductory module on financial and management accounting and it provides students with the required financial knowledge of organisations.
Students will learn how to read and analyze financial statements and understand basic techniques to manage costs and capital investment decisions.
The module emphasizes key aspects of financial management, including the time value of money, discounted cash flow analysis, capital budgeting, and net present value calculations.
Through this module, students will gain foundational skills in financial analysis and decision-making, preparing them to effectively manage and assess financial performance in various organizational contexts.
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.
Career Paths
The programme aims to help you progress from first–level supervisory positions to higher managerial roles such as:
- Manager
- Senior Manager
- Head of Department
- Director etc. of any organisation both in the private and public sector.
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:
- Assess critically the financial environment within which organisations must operate.
- Evaluate the financial objectives of various types of organisations.
- Critically discuss the function of capital markets.
- Evaluate alternative sources of finance and investment opportunities.
- Assess the factors taken into consideration for investment decisions and opportunities.
- Analyse organisation’s financial performance and make appropriate recommendations based on case study.
Knowledge:
At the end of the module/unit the learner will have been exposed to the following:
- The theoretical and practical role of financial management in business corporations.
- Performance and capital requirements.
- The critical role shareholders play within modern corporations.
- Asses the risk involved within the context of financial decision-making.
- The financial decision-making process and its impact on future investments.
- Comparing and interpreting the different financial evaluation and assessment methods.
- Capital budgeting techniques under risk and uncertainty.
- Accounting for planning and control.
- Basic Financial Accounting.
Skills:
At the end of the module/unit the learner will have acquired the following skills:
- Apply classical and modern methods of financial analysis and evaluation.
- Critically evaluate own company’s assets/liabilities.
- Manage, plan and coordinate own company’s cashflow and capital and assess periodically.
- Forecast financial resources to ensure future developments.
- Plan investment projects and analyse company’s investment policy.
- Critically evaluate the company’s market value.
- .Access and use financial information to research and assess current situation.
- Select and apply techniques in managing working capital.
Module-Specific Learner Skills:
The learner will be able to:
- Undertake independent and self-directed study through research, both primary and secondary
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.