Teaching Responsibility

LJMU Schools involved in Delivery:

Liverpool Business School

Learning Methods

Online
Placement
Workshop

Module Offerings

5003LBCDA-SEP-MTP

Aims

This module aims to help the students gain the knowledge and skills required to understand how business finance and accounting which enables organisations to perform effectively and efficiently. It helps students to produce, use and analyse information to inform decision making.

Learning Outcomes

1.
Evaluate the strategic important of financial management
2.
Analyse financial reports to evaluate performance, assess risk and inform decisions
3.
Apply the knowledge to create, manage and control budgets to aid cash flow/liquidity, improve profitability, reduce risk and make informed strategic decisions using financial models

Module Content

Outline Syllabus:
Strategic financial management and organisational strategy, external environment factors such as economic and legal changes and their impact on the organisational sector Legal forms of business, implications and financial accounting Cost structures, capacity constraints, break even points, margin of safety and financial implications of logistics Book keeping and final account preparation – statement of financial position Cash flow forecast, key financial ratios and business plan preparation Information e.g. what is good information, risk management strategies ( TARA) and Big Data Behavioural aspects of budgeting Costing and pricing approaches Procurement and contracting and legal requirements Commercial context of an organisation Business Intelligence how ERP systems aid decision making Decision making strategies
Module Overview:
This module aims to help you gain the knowledge and skills required to understand how business finance and accounting enables organisations to perform effectively and efficiently. It helps you to produce, use and analyse information to inform decision making.
Additional Information:
Students will be expected to negotiate with their organisation the review of a budgetary process or project and show evidence of this in their final portfolio.

Assessments

Report
Report