Finance Management

MQF Level 5

6 Credits (ECTS)

Finance Management

Start
October 2024
Module Type
Compulsory
Price
€400
ECTS Credits
6 Credits (ECTS)
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Get 70% back via Tax Credit

€280 refund on this module

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:

1. Face-to-face sessions: 18 hours

2. Online Learning Activities: 12 hours

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, each carrying a weighting as below:

a) One Formative assignment carries 20% of total module mark achieved. b) One Summative assignment carries 80% of total module mark achieved.

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.

The overall grade achieved for each module is calculated as the sum of: · 20% of the mark achieved for formative assignment; and · 80% of the mark achieved for 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

a) Formative assessment tasks are provided in the form of structured online discussions that support learners in their development throughout all of the modules studied.

Such discussions are facilitated and monitored by lecturer who provides students with constructive feedback to help them improve and prepare for summative assignment and dissertation.

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

Formative assessment tasks will contribute to the student’s final mark to acknowledge their work and give chance to improve.

This method allows students to 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.

b) Summative assessment is done via one assignment at the end of each module. The mode of assessment varies and may include in-class assignments, and home-based written assignments.

The recommended assessment tool for this module is an essay title or case studies based on relevant real-life scenarios.

Word count range: 1500 ± 10%

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

Assignment
Discussions

Module Intake Dates

October 2024
Price
€400

Additional Info

Reading for the entire Bachelor of Science (B.Sc.) in Management as presented in this brochure costs €9,000.*  

The cost for the different exit points is as follows:  

  • Certificate in Business Management : €2,000 
  • Diploma in Business Management: €4,000 
  • Higher Diploma in Business Management: €6,000 

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.
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