Full Time MBA Financial Management

The management of financial affairs has always played a major role in the success and sustainability of organizations in the private sector and, increasingly, in the public sector.

Specialists in finance and accounting are now expected to combine their expertise in these functions with an appreciation of the constraints and issues concerning other areas of the organization. In so doing they are required to understand how financial aspects impact upon other elements of the business.

The Financial Management pathway aims to promote a comprehensive understanding of how the role of the financial specialist fits with strategic decision-making and problem solving in organizations and to develop an organisation-wide perspective among these specialists in order that they can best serve the long-term objectives of organisations. Course members are encouraged to develop analytical skills within the context of financial and strategic management and to focus on the interrelationship of financial management problems and tasks.

Programme Modules

« Financial and Management Accounting

Module Description
This module aims to demonstrate the method of producing financial statements from the trial balance. The profit and loss account, balance sheet and cash flow statement will be analysed. Students will be introduced to the basic concepts of group accounts and methods of identifying and determining the financial viability of companies. The module will also provide an understanding of how management decisions are made from a financial perspective.

Module Content
Financial statements of limited companies: balance sheet, profit and loss account, cash flow analysis, business performance analysis; depreciation, inflation; accounting policies; ratio analysis; cash flow statements; directors’ responsibilities; cost analysis, break-even, marginal costs, cost allocation; cost management; financial decision making; budgeting; financial forecasting; debtors and credit management; strategic financial reporting and strategic management accounting; responsibility accounting; transfer pricing.

« Accounting and Finance For Managers

Module Description
For non-specialist accountants this module introduces the basic concepts and techniques of Accounting and Finance and demonstrates the tasks and methods of identifying and resolving management financial issues.

Module Content
The purposes of accounting; the uses of accounting information; the role of the financial accountant and the management accountant; the nature of financial information; company financial statements; the use of financial statements for management decisions; nature and techniques of financial controls; investment appraisal; raising finance; allocation of resources; use of working capital.

« Marketing Planning and Promotion

Module Description
As an essential element of the management of organizations, marketing is significant as a theoretical and practical base for all managers. Whatever their specialist roles, all managers should be aware of the nature of the markets served and the relationships with their customers, since these factors have an impact on the ways in which all operations are planned and managed.

Module Content
The strategic nature of marketing; market segment characteristics; bases of consumer behaviour; elements of marketing plans; assessing marketing opportunities by using market information; marketing mix; use of controls in marketing; integration of marketing communications; promotion and communications; integration of marketing policies with other management functions; applying marketing and customer communications to particular company situations and public sector organizations; setting a promotion plan; identifying the promotion mix; measuring the cost effectiveness of promotion; relating sales and promotion policy to market size and structure.

« Management Information and Communication Systems

Module Description
Successful organizations depend upon the quality of the information available and the system of communicating both within the organisation and externally with suppliers and markets. Thus the technology employed is a crucial factor in effective management. It is therefore imperative that managers understand and are able to use this technology to enhance the quality of their decision-taking.

Module Content
The dependence of management decision on information and communications systems; the strategic role of MICS; the technological features of MICS; innovation in MICS; the formation and integration of functional management policies; evaluation of MICS; the limitations of systems; the differing needs of organizations according to size, structure, technology employed and markets served; use of systems for control purposes; private and public sector management applications; developing MICS capabilities and knowledge management; e-commerce applications.

« Human Resource Management

Module Description
This module introduces the nature of corporate culture and change in organisations and the roles played by managers, individuals, groups and teams. It is also designed to develop an understanding of both the strategy and operational aspects of the management of human resources in organisations, and also the ways in which the quality of HRM affects all the functions of management.

Module Content
The nature of HRM and the principal problem areas; significant functional areas of HRM; human resource planning; organizational change and human resource deployment; causes of conflict and methods of resolution; nature of organisational culture and the factors contributing to it; individual perceptions and motivations; HRM and impact on other management functions; HRM and teams; career development and promotion of personal skills; strategy of HRM.

« Business Environment and Strategic Management

Module Description
Since the management of organizations is influenced by many external as well as internal factors, it is necessary to identify and understand the ways in which they influence management policies. It is also essential to understand how they influence strategic aims and how interrelationships affect long term planning and decision-taking.

Module Content
The nature of strategic planning and its relationship to operational policies; organizational objectives and their impact upon resource acquisition and deployment; internal and external factors governing organizational objectives; compatibility of objectives; strategic choices, the direction and pace of change; evaluating strategic risks and methods of minimisation; methods of controlling strategic change; process of planning and managing organizational strategy; time horizons for long term planning, the effect of technological innovation and the emergence of new competition.

« Corporate Finance

Module Description
Corporate Finance is an important factor in a wide range of management decisions affecting the profitability of the enterprise. There are significant issues in the ways in which finance is raised for the organisation and the cost of allocating capital to the various operations and investment programmes. Thus it is important for both financial specialists and nonspecialists to understand the methods of decision taking in this area.

Module Content
Nature of corporate finance; external sources of capital; relationship between corporate, strategic and operational objectives and the choice of methods of raising finance; measuring the cost effectiveness of raising finance for expansion and development; risk and uncertainty in using alternative sources of finance; nature of capital markets for outside finance; control of capital costs; discounted cash flow as a measure of investment efficiency; methods of measuring corporate capital value; working capital turnover; expansion through diversifications and acquisition; dividend policy

« Research Skills and Project Management

Module Description
This module provides a grounding in project planning, literature review and the principles of research methodology as a preparation for undertaking the major project as a culmination of the programme. The module covers the selection of an appropriate topic for the dissertation; methods of identifying and recording primary and secondary sources of information; strengths and weaknesses of different types of research methodology; methods of referencing information gathered from published work; compiling a bibliography; effective presentation techniques including a logical connection between objectives, methods, evidence and conclusions.

« Dissertation

Module Description
Managers should be capable of investigating the nature of and optimal solutions to a major business problem (or set of related problems) in one company or a number of companies operating with similar technologies or in similar markets. Such an investigation encompasses knowledge acquired from the subject matter of the taught modules of the programme and also methods of research of both a primary and a secondary nature.

The dissertation element of the MBA programme involves the preparation and presentation of a project of approximately 15,000 words in length directed towards the identification of a significant business problem of a company or industry and recommendations for policy making and action based upon a thorough examination of evidence and information relevant to the problem. The dissertation will also contain an examination of the published literature and will select a methodology appropriate to the problem investigated.

Full-time DAY
Tuition Fees
- EU Students - £8,950
- Non EU Students - £9,950
Mode of Study
- Full-time (Day) 12 Months
Full-time courses are conducted during the day between Monday and Friday.
Intakes
- February
- June
- October