COURSE CODE: COURSE TITLE: BSC & DIPM

MODULECODE: TITLE MODULE: FINANCIAL MANAGEMENT

NUMBER OF CONTACT HOURS: 120

CREDITS: 12
SEMESTER: 2

DISCIPLINE: BIRM

MODULE FACILITATOR: TAKUNDA EMAIL: tomakunde@idmbls.ac.bw

OLIVER

MAKUNDE

ROOM NUMBER: CARAVAN F TEL: 72924603

CONSULTATION HOURS: MON:07:30 – 09:30

WEDNESDAY:14:00-16:00

Module Description

FINANCIAL MANAGEMENT
This module is designed to facilitate students in understanding the financial statements and
to interpret business performance through a range of techniques. Concepts covered within
the module, such as ethics and techniques to aid decision-making, are relevant to all
businesses. It is assumed that students have a basic understanding of financial and
management accounting modules.

Students are encouraged to work with fellow learners, in virtual groups, solving problems set

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out in case studies and presenting your findings to the class. This activity will improve your
ability to work in a team as well as giving you the confidence to present information in a
logical and meaningful manner. Preparation for individual assignments and exams will assist
you to develop independence and hone your intellectual skills. The module aims to develop
employability skills and to promote and develop the core values of FINANCIAL
MANAGEMENT FOR PROJECT MANAGERS.

Module Communications
The Module Tutor’s contact details are provided at the top of this page. You must check
your IDM email address and the Moodle area dedicated to this module regularly as many
module communications are channelled through these mediums. Your Module Tutor will
normally aim to respond to your email messages within 1 full working day of receipt; however
responses will be longer in holiday periods. Please ensure, when you do telephone, leave
your name and contact number clearly. When emailing, please ensure that an appropriate
subject heading is included in the email.

Learning and Teaching Strategy

This module is delivered via face to face sessions and online lessons if there is need arise.
To complete the module successfully you must also allocate a substantial amount of
independent study time. The learning and teaching strategy will provide a variety of delivery
methods that will enable you to meet the learning outcomes for the module by use of mass
lecture to impart academic theory, with seminar and small-class tutorial support utilising case
studies, debates, virtual group activities, class discussions, individual tutorial sessions and
specific tasks to guide independent study.

Use will be made of lectures and seminars for the formal dissemination of information.
Seminars will be held to allow you to explore financial management and to practice using
primary source material; to relate concepts and methods to a range of problems and
situations. In the seminar you can demonstrate your problem solving skills whilst cultivating
personal impact and confidence.

Learning Outcomes Assessment Criteria

The learner will: The learner can:

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 1. Assess the financial performance of 1.1 Prepare and interpret variance analysis
companies statements

1.2 Use ratio analysis to assess company

performance

1.3 Compare and contrast techniques of

performance evaluation

2. Assess the use of managerial 2.1 Compare and contrast techniques of

accounting in business strategy investment appraisal
2.2 Prepare and interpret investment
appraisal reports
2.3 Discuss strategic management
accounting techniques
2.4 Evaluate the role of good corporate
governance and ethics in accounting
MODULE CONTENT:

Unit 1 Overview Of Financial Management

1.1 Financial strategy

1.2 Financial Management and Financial strategy
1.3 Financial objectives and stakeholders
1.4 Shareholder wealth maximisation
Unit 2 Measuring Financial Performance

2.1 Uses of ratio analysis.

2.2 Key ratios and formula.

2.3 Calculation and Interpretation of Key Ratios

2.4 Limitations of ratios for interpreting financial information.

Unit 3 Investment Appraisal

3.1 Payback period

3.2 Accounting rate of return.

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3.3 Internal rate of return
3.4 Net present value
3.5 Profitability Index
Unit 4 Budgeting and Budgetary control

4.1 Definition of budget

4.2 Purpose of budgeting
4.3 Types of budget
4.4 Approaches to budgeting
4.5 Preparation of budget
Unit 5: Standard Costing and Variance Analysis

5.1 Purpose of standard costs.

5.2 Types of standard costs

5.3 Calculation and interpretation of material variances.

5.4 Calculation and interpretation of labour variances.

5.5 Calculation and interpretation of variable overhead variances.

5.6 Calculation and interpretation of fixed overhead variances.

5.7 Investigation of variances.

5.8 Practical application of variance analysis.

Unit 6.0 Corporate Governance and Ethics

6.0 Definition of corporate governance.

6.1 Background of why corporate governance and ethics are important.

6.2 Ethical decisions

Unit 7.0. Business Strategy and Management Accounting

7.1 Definition of strategy.

7.2 Strategic management accounting.

7.3 Value chain analysis.

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7.4 Total quality management.

7.5 Business process re-engineering

Unit 8.0 Risk and Uncertainty

8.0 Definition of risk

8.1 Risk uncertainty
8.2 Attitudes to risk
8.3 Models for incorporating risk
8.4 Sensitivity analysis

Bibliographic details and referencing styles

Teaching and Learning Activities

Mode of delivery :

 Lecture;

 Project; Group work;

 Compilation of a reflective diary

 Presentation

 Resources: Laptop; Flip chart; data projector

Module Assessment

Formative Assessment
Formative assessment is an important aid to learning. It is designed to provide you with
feedback on your progress and inform development. It can be used to identify any areas
which would benefit from extra attention on your part, or extra support from your tutor. It
does not contribute to the overall formal assessment for the module.

Informal formative assessment is provided in this module through:

- Induction – Introductory diagnostic hand-written assessment

- Virtual group activities and discussion

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-Virtual group tutorial revision sessions in preparation for assessments
Type of Assessments
 Weighting 100%
o Assignments 10%
o Tests 30%
o Final exam 60%

Module Policy
This policy complements, and must be read in conjunction with the IDM Academic
Regulations. Where there is inconsistency between the Academic Regulations and this
policy, the provisions of the Academic Regulations shall prevail.
 Assessment
 There shall be one written test and an assignment which constitute 40% towards final
Marks. Exam shall constitute 60%.

o All assignments are due on the submission date indicated. Late submissions
will be accepted up to the third day of default. A participant who submits an
assignment one day after the due date shall lose 10% of the total marks
allocated. A participant who submits an assignment two days after the due
date shall lose 20% of the total marks allocated. Lastly, a participant who
submits an assignment three days after the due date shall lose 30% of the total
marks allocated.

o A participant is required to attend ALL assessment sessions prescribed for a

course. Failure to comply with this requirement shall result in the participant
being awarded a zero mark for the missed session.

o A participant who is unable to attend learning and assessment sessions due to

circumstances beyond their control shall notify the Course Director as soon as
possible.

 Eligibility for Examinations

o Participants are expected to attend ALL classes. A participant who fails to

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 attend at least 80% of the scheduled classes for this module shall be
disqualified from writing the examination for this module.

o A participant must have submitted all work and sat all tests and other
assessments contributing to the continuous assessment mark for this module
to be eligible for writing an examination.

o A participant must have fully paid tuition fees and other charges to be allowed
to sit for the examination.

 Participants’ Rights.

o All participants are issued with a copy of the Participants’ Handbook which
contains the general rights of Participants.

o Participants’ special attention is brought to the Grievance Procedure set out in

the Participants’ Handbook dealing with complaints relating to Trainers/
Consultants, Continuous Assessment Appeals and Final Assessment Appeals.

 Academic Honesty

Plagiarism, copying or supporting another participant’s academic dishonesty

shall constitute misconduct which can attract a penalty including dismissal.

Referencing Style: Harvard referencing; APA

Font Type and Size: Arial; Times New Roman
Recommended Text Book
Text Book:

Drury C. (2004). Management and Cost Accounting. 6th Edition. Thomson Learning.
Van Horne, J., Wachowicz, J.M. (2008) Fundamentals of Financial Management 13th edition.
Financial Times/ Prentice Hall

Other Reading List:

Taylor, P. (2008). Book‐Keeping and Accounting for the Small Business. How to
Books. (E‐ Book). Available at: http://www.e‐booksdirectory.com/details.php?
ebook=2188

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Wlather, L.M. (2001). Principles of Accounting. Principlesofaccounting.com. (E‐
Book). Available at: http://www.e‐booksdirectory.com/details.php?ebook=2910
Horngren C.T., Foster G., Datar S.M. (2006). Cost Accounting a Managerial Emphasis. 12th
Edition Prentice Hall International, Inc. ISBN. 0-13-149538-0

Kaplan R.S and Atkinson A.A. (1989). Advanced Management Accounting. 2nd Edition.
Prentice Hall International, Inc.

Watson, D., Head, A. (2006) Corporate Finance: Principles and Practice 4th edition. Financial
Times/ Prentice Hall
Financial press and financial pages of daily papers: Irish Times, Irish Independent, Financial
Times, Sunday Times, Sunday Business Post
Useful websites:
www.ft.com - Financial Times
www.wsj.com - The Wall Street Journal Online

www.investmentinternational.com - Investment International

FULL TIME/PART TIME

Mode of Assessment: Written Test 1 & Presentation
 Teaching begins 14th February 2022 Academic staff
 Short vacation/Inter Campus Games –Cancelled- Students
 Teaching Ends 13th May 2022 Academic Staff/Students
 CA Publication/Study Week 16th - 20th May 2022 Assessors & Academic Staff, Students
 Examinations 23rd – 31st May 2022 Assessment officers/Academic staff
 Marking examinations. 24th May – 03rd June 2022 Academic Staff
 Moderation of examinations Scripts.
 06th – 10th June 2022 Assessment Officers
 Compilation of Marks 13th - 17th June 2022 Academic/Assessment/IT
 Examination board meeting. 21st – 22nd June 2022 Registrars AD Academic/Assessment
Officers
 Publication of results. 24th June 2022 Assessment Officers
 Supplementary examinations 04th – 08th July 2022 Academic staff/Assessment officers
 Publication of results for supplementary examination-20th July 2022 Assessment Officers

BLOCK RELEASE
Mode of Assessment: Written Test 1 & Presentation @ 2 nd & 4th Meeting
respectively
 Teaching begins 25th February 2022 Academic staff
 Teaching Ends 19 June 2022
 Study Week 20-24th June 2022
 Examinations 27th June -02 July 2022
 Marking examinations. 28th June-08 July 2022
 External moderation of examinations Scripts. 11th -15th July 2022
 Compilation of Marks 11th -15th July 2022
 Examination board meeting. 19th -20th July 2022
 Publication of results. 22nd July 2022
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 Supplementary examinations 08*14th July 2022
 Publication of results for supplementary examination 24 th July 2022