Fundamentals of Finance and Management Accounting

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. 

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
• Online Learning Activities

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.

The tutor provides continual support during both teaching -learning modes by providing information, readings and tasks relevant to the module in question.

The tutor provides continuous formative feedback as an on-going guidance during the student’s learning experience in preparation for their summative assessment.

How you’ll be assessed

Assessment of each module consists of two assignments

• Formative assignment carries 
• Summative assignment carries

For successful completion of a study module the student is required to achieve a minimum of 41% pass mark in both the formative and the summative assignment.

All assignment tasks of both formative and summative assessment aim to provide the learner an opportunity to produce evidence of his/her competences aligned to the learning outcomes of each individual Module.

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.