BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT

Name of Course / Module Business Finance Decisions

Course Code FIN 5002

Name(s) of academic staff Mr Maheswaran Perumal

Rationale for the inclusion The rationale to include this module in the academic programme is because
of the course / module in this module is to provide a secure academic foundation in the core and
the programme closely related disciplines of accountancy and to maximize the number of
exemptions from the examinations of the professional accountancy bodies
through accreditation.
Semester and Year offered Year 2 Semester 1

Total Student Learning

Time (SLT) L = Lecturer Total Guided
Self- and
T = Tutorial Face to face
Learning Independence
P = Practical Learning
O = Others L T P O 120
64
28 14 0 14

Credit Value 3
Prerequisite (if any) None

Objectives The aims of the programme seek, inter alia, to provide:

1. a basis of academic learning and discipline suitable for a sound foundation

for a subsequent career as a professionally qualified accountant or for any
career in management and business administration; and

2. a qualification accredited for examination exemption purposes by the

Association of Chartered Certified Accountants [ACCA] and the Association
of International Accountants [AIA].

This module delivers against these [and the other aims stated in the
Programme Specification] by building upon the foundations provided at
Level 4 and develops the capacity to conceptualise problems and create
reasoned value judgments and opinions and to solve practical problems,
Critical reasoning and rational analysis is developed throughout this module.

In line with the University and Faculty goal of engaging closely with the
professional bodies, the module specification seeks to meet the
accreditation requirements [for examination exemption purposes] of the
Association of Chartered Certified Accountants and the Association of
International Accountants. This module is consistent with this philosophy since
it develops an understanding of the main financial objective of the firm and
the constraints that impact on that objective and by providing an
introduction to the main theories and concepts upon which the investment
and financing decisions of the firm are based and their applications in
practice. It provides a strong basis for further study and it should equip
students with up-to-date knowledge, of use in employment.

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Course Learning Upon the completion of this module, students should be able to:
Outcomes (CLO)  Evaluate the different competing financial objectives of the firm and
discuss the agency problem between shareholders and managers in
publicly listed companies.
 Appraise simple investment projects using discounted cash-flow
techniques, the traditional methods, as well as explain the relative
merits and limitations of the methods.
 Identify and explain the major types of long-term capital, their
distinguishing features, their relative advantages and disadvantages
[from the perspectives of investors and the firm] and calculate their
cost and the weighted average cost.
 Discuss the importance of, and conceptual and practical issues
relating to, the management of working capital and its individual
components and evaluate the financial performance of a company
using financial ratios.
Transferable Skills: Formative assessments are those interim assessment opportunities whereby
Skills and how they are students can gain an enhanced understanding of how well they are
developed and assessed, progressing with their learning; such opportunities may include some tests
Project and practical being offered for the purposes of generating some feedback. Any mark
experience and Internship generated through formative assessment is for feedback purposes only and
will not contribute to the overall module grade. Formative assessments also
allow tutors to focus on the needs of the student group. Student activities
involve students working in groups to solve and discuss their solutions to preset
questions and exercises. Feedback will be provided during each session.

Teaching-learning and Lectures will introduce and examine the main principles of each topic.
assessment strategy Seminar/workshop sessions will be used to develop and apply the principles,
using a student-centred approach.

During tutorials students will be allocated work for completion individually and
in small groups, the outcomes of which will be formative.
Synopsis The programme philosophy is to provide a secure academic foundation in
the core and closely related disciplines of accountancy and to maximise the
number of exemptions from the examinations of the professional
accountancy bodies, through accreditation.

This module is consistent with this philosophy since it seeks to contribute to the
intellectual and personal development of students to the level of an honours
graduate by offering a body of current theoretical knowledge and technical
skills relevant to the advanced study of finance at level 5 and level 6.

It aims to develop a capacity for critical reasoning and rational analysis, the
ability to conceptualise problems, create reasoned value judgments and
opinions and the ability to solve practical problems.
Mode of Delivery For full-time students, the module will be delivered through a combination of
lectures and seminars.

All students will be given a programme of study that includes an outline of

lecture topics, recommended reading and assessment requirements.

To assist and reinforce further self-study, appropriate learning materials will be

available.
Assessment Methods and
Types
Assessment Component Distribution of Marks
Coursework 0%
Written examination 100%
TOTAL 100%

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Mapping of the course / This course is one of the core major courses that provide students with the
module to the Programme prerequisite knowledge and skills to communicate by using visual elements,
Learning Outcome (PLO) images and typography

Note: 1 = Low Correlation, 2 = Medium Correlation, 3 = High Correlation

PLO PLO PLO PLO PLO

1 2 3 4 5
CLO 1 M L M M L

CLO 2 M M H H M

CLO 3 L M M M H

CLO 4 M L M H H

Programme Learning Outcome (PLO):

 Prepare and analyse financial and management accounts,
statements and reports and give appropriate advice
 Demonstrate an understanding of the constraints on accountants
and managers imposed by economic and legal factors
 Prepare tax computations and give advice on personal and
corporate tax issues.
 Apply financial management theory and techniques and give
appropriate advice on financing, investment and distribution
 Apply the principles of internal and external auditing in relation to
financial review, control, accountability and assurance

Mapping of the course /

module to the Programme
SOCIAL SKILLS, TEAMWORK

Outcomes (PO)
THINKING AND SCIENTIFIC

COMMUNICATION SKILLS

ENTERPRENEURIAL SKILLS
VALUES, ETHICS, MORAL
AND PROFESSIONALISM

LIFELONG LEARNING
MANAGEMENT AND
AND RESPONSIBILITY

MANAGERIAL AND
PRACTICAL SKILLS

INFORMATION
KNOWLEDGE

SKILLS

LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8

PLO 1 H L H H L M M L

PLO 2 H M H M H M L L

PLO 3 H H L H L M M M

PLO 4 H H M H L H L L

PLO 5 H M L L H H M M

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Content outline of the course / module and the SLT per topic

TOPICS L T P O SL TLT

Week 1 2 1 0 1 5 9
The financial objectives of the firm, agency problems and
solutions.
Week 2 2 1 0 1 5 9
The financial objectives of the firm, agency problems and
solutions.
Week 3 2 1 0 1 5 9
The financial objectives of the firm, agency problems and
solutions.
Week 4 2 1 0 1 3 7
Investment Appraisal Methods.
Week 5 2 1 0 1 3 7
Investment Appraisal Methods.
Week 6 2 1 0 1 3 7
Investment Appraisal Methods.
Week 7 2 1 0 1 5 9
Types and Sources of Long-term Capital and Cost of Capital.
Week 8 2 1 0 1 5 9
Types and Sources of Long-term Capital and Cost of Capital.
Week 9 2 1 0 1 5 9
Types and Sources of Long-term Capital and Cost of Capital.
Week 10 2 1 0 1 5 9
Types and Sources of Long-term Capital and Cost of Capital.
Week 11 2 1 0 1 5 9
Sources of Short-term Capital and Working Capital
Management.
Week 12 2 1 0 1 5 9
Sources of Short-term Capital and Working Capital
Management.
Week 13 2 1 0 1 5 9
Ratio Analysis – Evaluation of Company Performance Financial
Ratios.
Week 14 2 1 0 1 5 9
Ratio Analysis – Evaluation of Company Performance Financial
Ratios.
28 14 0 14 64 120

Main References  Watson, D., and A. Head, 2010 (W&H), Corporate Finance – Principles
and Practice FT Prentice-Hall/Pearson Education, 5th edition.
 Mclaney, E., 2011 (EM), Business Finance: Theory and Practice FT
Prentice-Hall/Pearson Education, 9th edition.
 Atrill. P., 2012 (PA), Financial Management for Decision Makers, FT
Prentice Hall/Pearson Education, 6th edition.
Additional References  Arnold. G., 2008. Corporate Financial Management, FT Prentice
Hall/Pearson Education, 4th Edition.
 Pike. R., and B. Neale, 2009. Corporate Finance and Investment:
Decisions and Strategies. FT Prentice Hall/Pearson Education, 6th
edition.

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS AND MANAGEMENT
Others Journals and Periodicals
You are encouraged to read the financial press, such as the Financial Times
or the Wall Street Journal, on a daily basis. In addition, you can also read the
Economist once a week.

ERICAN COLLEGE @ FACULTY OF BUSINESS, IT & SOCIAL SCIENCE