BUS4A6 Financial Knowledge and Skills for Modern Businesses

Module specification
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Module code BUS4A6

Module title Financial Knowledge and Skills for Modern Businesses
Level 4
Credit value 30
Faculty Glyndŵr University: Faculty of Social and Life Sciences
Bloomsbury Institute: School of Business and Accounting

Module Leader Dr Nnamdi Obiosa
HECoS Code 100078
Cost Code GAMG
Programmes in which module to be offered
Programme title Is the module core or option for this

programme
BA (Hons) Business Management Core
(Marketing)
(Entrepreneurship)
BA (Hons) Business Management (Human Core
Resource Management)
Pre-requisites
None
Breakdown of module hours
Learning and teaching hours 66 hrs
Placement tutor support 0 hrs
Supervised learning e.g. practical classes, workshops 0 hrs
Project supervision (level 6 projects and dissertation

0 hrs
modules only)
Total active learning and teaching hours 66 hrs
Placement / work based learning 0 hrs

Guided independent study 234 hrs
Learning and teaching hours 66 hrs
Module duration (total hours) 300 hrs
For office use only

Initial approval date 8 April 2022
With effect from date June 2022
Date and details of
revision
Version number 1
Module aims
The module aims to provide students with an understanding of fundamental financial concepts
and tasks which business owners and managers complete in the course of their work.
Students will not only learn about financial markets, institutions and products but will also
complete basic financial tasks, such as budget preparation and budgetary control, and will
explore technological solutions which assist business owners and managers. Additionally,
students will consider the latest developments in the field of financial services and will analyse
their impact on modern businesses.
Module Learning Outcomes - at the end of this module, students will be able to:
1 Describe financial markets and institutions and essential financial products, and explain
common financial terms used in modern businesses.
2 Interpret basic financial statements, make recommendations for financial planning, and
prepare a financial budget.
3 Complete basic financial tasks using technological solutions where appropriate.
4 Discuss the trends in financial services and analyse their impact on modern businesses.
Assessment
This section outlines the type of assessment task the student will be expected to complete as
part of the module. More details will be made available in the relevant academic year module
handbook.
Indicative Assessment 1: Will take the form of a portfolio (2,100 words equivalent), divided
into several tasks that could take one or more of the following formats: online quizzes (30-60
minutes), open questions (700-1,000 words), case studies (700-2,000 words), completion of
tasks with the use of relevant software (1 hour).
Indicative Assessment 2: Will take the form of a report (900 words).
Learning
Assessment
Outcomes to Type of assessment Weighting (%)
number
be met
1 1, 2, 3 Portfolio 70%
2 4 Report 30%
Derogations
No
Learning and Teaching Strategies
The module will be completed over one term.

Students will undertake 2-weeks of pre-reading and online activities.
The module is taught through weekly 2-hour lectures, 2-hour seminars and 2-hour workshops.
Lectures provide a broad outline structure for each topic to be covered. Lectures offer a good
way of covering a lot of information and, more importantly, of conveying ideas to many people
at once.
Seminars enable students to undertake directed self-study and to answer questions and solve
problems which are set by the lecturer. Students will present their answers and solutions
within the seminar group. Seminars enable students to explore further the topics introduced
in the lectures.
Workshops follow on from lectures and seminars. They are designed to enable students to
work within a small group to perform set tasks (e.g. working on an exercise or case study).
They reinforce proactive learning by providing opportunities for discussion and interaction.
The seminar/workshop groups are small, thereby enabling students to develop a deep
understanding.
Student digital literacies are developed on this module through the use of:
• Online libraries and databases for gaining access to full-text journal articles and eBooks.
• Communication means provided through the VLE and learning technology applications.
• Online group-work, for planning, developing, improving, submitting and reflecting on
collaborative work completed as part of the module.
• Assessment and feedback tools such as Multiple Choice Tests/Quizzes, Turnitin and the
VLE’s Gradebook – enabling timely and detailed feedback on student work.
• Web-based Office 365.
• MS Excel.
• Relevant accounting software/online tools.
Indicative Syllabus Outline
• Finance within organisations (the relationship between the financial function and other
functional areas within organisations, the impact of financial objectives on decision
making within organisations, management accounting, financial accounting, impact of
organisational and regulatory frameworks on an organisation’s approach to financial
management, challenges organisations face accessing finance)
• Financial markets, institutions and products
• Financial statements: statement of cash flows, income statement, statement of financial
position
• Essentials of analysing and interpreting financial statements
• Financial planning and budgeting (budget setting vs financial forecasting, budget setting
approaches, formulating and justifying a budget for an area of management
responsibility, factors that impact on budget management, corrective actions to be taken
in response to budgetary variance, reporting procedures for authorising corrective
actions to a budget)
• Sources of finance
• Financial responsibilities of business owners/managers (e.g. record keeping, invoicing,
bank accounts oversight, setting up online payment methods, essentials of payroll, tax,
tracking budgets etc.)
• Overview of software for completing basic financial tasks
• Trends in financial services, e.g. rethinking the concept of money, online security.
Indicative Bibliography:
Please note the essential reads and other indicative reading are subject to annual review
and update.
Essential Reads
• McLaney, E, Atrill, P, Atrill, P, McLaney, E, Atrill, P, & McLaney, E (2018), Accounting and
Finance for Non-Specialists 11th Edition Ebook PDF, Pearson Education, Limited, Harlow.
Other indicative reading
• Resources available from CMI Management Direct
Employability skills – the Glyndŵr Graduate
Each module and programme is designed to cover core Glyndŵr Graduate Attributes with the
aim that each Graduate will leave Glyndŵr having achieved key employability skills as part of
their study. The following attributes will be covered within this module either through the
content or as part of the assessment. The programme is designed to cover all attributes and
each module may cover different areas.
Core Attributes
Engaged
Enterprising
Ethical
Key Attitudes
Commitment
Curiosity
Resilience
Confidence
Adaptability
Practical Skillsets
Digital Fluency
Organisation
Critical Thinking
Communication

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Module specification

Module code BUS4A6

Bloomsbury Institute: School of Business and Accounting

Programmes in which module to be offered

Programme title Is the module core or option for this

Breakdown of module hours

Learning and teaching hours 66 hrs

Placement tutor support 0 hrs

Supervised learning e.g. practical classes, workshops 0 hrs

Project supervision (level 6 projects and dissertation

Placement / work based learning 0 hrs

Module duration (total hours) 300 hrs

For office use only

Learning and Teaching Strategies

The module will be completed over one term.

Indicative Syllabus Outline

Other indicative reading

• Resources available from CMI Management Direct

Employability skills – the Glyndŵr Graduate

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