| Unit name | Strategy and Finance and Accounting for Management |
|---|---|
| Unit code | EFIMM0146 |
| Credit points | 30 |
| Level of study | M/7 |
| Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
| Unit director | Dr. Beckett |
| Open unit status | Not open |
| Pre-requisites |
none |
| Co-requisites |
none |
| School/department | School of Management - Business School |
| Faculty | Faculty of Social Sciences and Law |
This unit is designed to give the MSc in Management programme students a thorough grounding in the fundamentals of Strategic Management and Finance and Accounting.
Strategy is concerned with the overall direction of organisations including multinationals, start-ups, government agencies and not-for-profits. The aims of the unit are to develop students’ knowledge and understanding of the theories, process and practices of strategy and strategic management, and to develop their ability to think and act strategically. Learning is developed through the use of case studies, exercises, readings, discussion and lectures. Students are exposed to different schools of thought on strategic management and are encouraged to examine critically classical and modern approaches to strategy formulation, selection and realisation. Over the course of the unit, students will be encouraged to identify links between the topic and other units being studied concurrently.
Accounting for Management is concerned with:
Finance for Management is concerned with:
Investment appraisal; including discounting, cost of capital, financing decisions and the role of the stock market
The unit aims to provide an integrated assessment of a business case from a Strategic and Finance and Accounting for Management perspective.
On successful completion of this unit, students will be able to:
For Strategy for Management:
1. Identify and describe and demonstrate understanding of the principle theories, concepts and techniques of strategy and strategic management
2. Critically evaluate theories, concepts and techniques of strategy and strategic management
3. Apply theories, concepts and techniques of strategy in practical contexts to identify and appraise strategic issues facing organisations
4. Analyse and interpret the application of theories, concepts and techniques to develop and evaluate alternative strategies
5. Identify key issues affecting the realisation of intended strategies in practical contexts
6. Critically evaluate strategic management as a managerial tool.
For Finance and Accounting for Management:
7. Interpret and evaluate the health of an organisation using key financial information, such as financial statements and cash budgets, and make recommendations for improvements
8.Explain and appraise cost concepts, information systems and quantitative techniques for internal control and decision-making
9. Identify and apply the principles of investment appraisal
10. Solve and assess finance problems, such as the calculation of the weighted average cost of capital, using a knowledge of basic financial mathematics.
Total teaching on this unit is 45 hours split between Strategy and Finance and Accounting. Teaching will involve a mixture of lectures and seminars delivered through both synchronous and asynchronous methods.
Formative assessment will be undertaken during the unit using exercises relevant to the cohort’s learning needs.
Summative assessment:
1) Multiple-choice test on Strategy for Management (15%). Students will be required to complete a multiple-choice questionnaire after each Strategic Management seminar; (Individual assessment) ILOs 1, 2, 3
2) Pre-seminar preparation for Strategy for Management seminars (10%). Students will be required to complete pre-seminar work.(Individual assessment) ILOs 1,2,3
3) One summative online timed assessment on Finance and Accounting for Management (25%). This summative assessment will include questions that test computational skills, ability to evaluate financial information, understanding of key concepts in accounting and finance and commercial awareness.(Individual assessment) ILOs 7,8,9
4) One joint summative assessment for Strategy and Finance and Accounting (50%). Assessment will be based on a case study jointly identified by the co-unit leads of both Strategic Management and Finance and Accounting for Management. (ILOs 4,5,6 (strategy)& 8,9,10 (F&A) (Group assessment 4000 words)
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIMM0146).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the Faculty workload statement relating to this unit for more information.
Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an
assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
