FINANCE FOR BUSINESS 1 - 2019/0

Module code: MAN2165

Module Overview

The prime motivator in business activity is sustainable profitability for shareholders' wealth maximization. It follows that all managers are likely to perform better towards that goal if they understand the mechanisms for achieving sustainable profit by acting in the interest of stakeholders. This module is designed to give students the necessary basic background in finance to enable them to be effective business managers. It covers the fundamental principles of corporate finance and investment in bonds, stocks, and projects, along with day-to-day working capital management.

Module provider

Surrey Business School

Module Leader

KLINGBERG INSOLL Monica (SBS)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 5

JACs code: N100

Module cap (Maximum number of students): N/A

Module Availability

Semester 1

Prerequisites / Co-requisites

N/A

Module content

Indicative content includes:


Introduction to Business Finance
Corporate Governance
Financial Analysis and Planning – includes profitability,liquidity and investment ratios. Earnings per share (EPS). The limitations of ratio analysis.
Working Capital Management – The elements and importance of working capital. Management of inventories, accounts payable, accounts receivable and cash. Determining working capital needs and funding strategies.
Time Value of Money – discounted cash flow valuation.
Asset Valuation – valuing bonds and equities
Capital Investment Appraisal- introduction to average accounting return, internal rate of return and net present value

Assessment pattern

Assessment type Unit of assessment Weighting
School-timetabled exam/test 1 Hour Mid-Term Class Test 30
Examination 2 HOUR EXAM (CLOSED BOOK) 70

Alternative Assessment

N/A

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate both the theoretical concepts and their practical application.

The module has number of learning outcomes that directly related to the topics delivered in various weeks. The two assessments (i.e. mid-term test and final exams) are designed to capture learning in all the topics.

Thus, the summative assessment for this module consists of:

A one-hour mid-term test (30%) comprising multiple choice questions.

A two-hour closed-book final exam (70%).

Formative assessment and feedback

Formative feedback will be given in a continuous manner during the course of the module. the weekly tutorial sessions and office hours are used to provide individual formative feedback to students. Students also have the opportunity to sit a mock class test and mock exam to gain a greater insight into progress and areas requiring further study.

Formative and summative feedback on the mid-term test will be given in the teaching week following the test. This will enable students to assess their learning at that stage and to further prepare for the final exam.

Module aims

  • This module aims to give the student an understanding of the principles governing financial management of a business. It will equip the student as a manager with the techniques for evaluating the financial needs of a business, analyzing the financial performance of a firm, valuing bonds and equities, utilizing finance in the most attractive investment opportunity. It will also provide an appreciation of the role of the finance function in the commercial life of the business. To pass this module the student will demonstrate a familiarity of business finance (corporate finance). The student should display some understanding of the relevant issues and some familiarity with the relevant theories and techniques.

Learning outcomes

Attributes Developed
001 Reflect on the role and scope of corporate finance in the financial planning process of any firm. K
002 Assess the performance of firms with the use of financial ratios analysis KT
003 Critically appraise the time value of money concept and its implication in interpreting cash flows occurring in different time horizon in accounting statements. CK
004 Perform valuation of different assets based on the DCF method and appreciate the factors effecting such valuation. CK
005 Evaluate potential investments opportunities with its cost and risk factors, and select suitable ones in case of multiple alternatives, budgetory constraints, and capital rationing. KP
006 Analyse and interpret financial data to solve practical problems with the application of relevant techniques. T

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Overall student workload

Independent Study Hours: 106

Lecture Hours: 33

Seminar Hours: 5

Tutorial Hours: 6

Methods of Teaching / Learning

The learning and teaching strategy is designed to facilitate active learning and to support students in achieving the learning outcomes. This is achieved through participation of the students in the tutorials that cover worked examples, use of videos in the lectures, participation of the students in the lecture (whenever possible), use of SurreyLearn, weekly office hours, use of additional exercises (accompanied by solutions) for students to solve on their own time.

The learning and teaching methods include:


Weekly one two-hour lecture incorporating class-room participation (whenever possible) and videos with real life examples for better understanding (i.e. 11 x 2 hours)
Weekly one-hour tutorial sessions for solving problems to understand the contents covered in lectures. The tutorials cover worked examples which are an integral part of the module. Tutors will provide the necessary support during these sessions for deeper understanding. (i.e. 11 x 1 hour)
SurreyLearn discussion forums to address any issues related to the content, learning and teaching environment, and delivery of the module and/or specific topics.
SurreyLearn will be used for delivering an optional mock MCQ mid-term test and a mock final examination, giving the participants an opportunity to obtain formative feedback.
Utilizing SurreyLearn as the main pool of resources including lecture handouts, tutorial problems, mock exercise, and discussions. Besides using SurreyLearn as the main means of communication to establish resource efficiency and communicational effectiveness.
Weekly office hours provided by the tutor(s) and lecturers.
Support of lecture material by directed reading in selected textbook

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list

Reading list for FINANCE FOR BUSINESS 1 : http://aspire.surrey.ac.uk/modules/man2165

Other information

To be completed by the module leader

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Business Management (Marketing) BSc (Hons) 1 Optional A weighted aggregate mark of 40% is required to pass the module
Business Management (Entrepreneurship) BSc (Hons) 1 Compulsory A weighted aggregate mark of 40% is required to pass the module
Business Management (HRM) BSc (Hons) 1 Compulsory A weighted aggregate mark of 40% is required to pass the module
Business and Retail Management BSc (Hons) 1 Optional A weighted aggregate mark of 40% is required to pass the module
International Business Management BSc (Hons) 1 Compulsory A weighted aggregate mark of 40% is required to pass the module
Business Management BSc (Hons) 1 Compulsory A weighted aggregate mark of 40% is required to pass the module
Computing and Information Technology BSc (Hons) 1 Compulsory A weighted aggregate mark of 40% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2019/0 academic year.