FINANCIAL MANAGEMENT FOR GLOBAL DECISION MAKERS

SHE Level 5
SCQF Credit Points 15.00
ECTS Credit Points 7.50
Module Code MMN324931
Module Leader Mark Johnson
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimesters
  • A (September start)
  • B (January start)
  • C (May start)

Summary of Content

The module considers aspects of accounting of key importance to the management of global firms. Students will be exposed to detailed analysis of financial statements prepared in accordance with international accounting standards, short and long term financing decisions, financial governance, and international taxation and accounting techniques for decision making, planning and control. The module also applies accounting to the needs of managers ensuring that students' business knowledge will be broadened but will also value its relevance to their future careers. The auditing section will allow students to evaluate systems to ensure integrity of financial records and reports aligned to corporate governance principles in the pursuance of global corporate social responsibility and ethical business practice. The module places emphasis on financial management practices and techniques in an international context.

Syllabus

-360b7 Interpretation of financial statements of domestic and international firms. b7 Finance: Working capital management and the sources of finance b7 Auditing: The nature and scope of auditing within organisational governance b7 Taxation: Basic principles of income tax, corporation tax and value added tax b7 Short-term decision analysis: Cost and income behaviour, relevant costing , pricing and the decision making process in an international context. b7 Long-term decision making: Capital investment appraisal b7 Budgetary planning and control b7 Divisional performance Transfer pricing: domestic and international issues

Learning Outcomes

On successful completion of the module, the student should be able to: 1. Evaluate the performance of business units, both domestic and international, applying appropriate financial control systems2. Evaluate an entity's performance and financial position from financial statements3. Assess the risk management and internal controls pertinent to financial information reported4. Critically review the techniques for analysing long-term decision related costs and benefits, undertaking evaluations of capital investment proposals submitted by others.

Teaching / Learning Strategy

There will be one 3 hour session each week for 12 weeks comprising a mix of lecture, tutorial, workshop, active learning and quest speaker. The lecture delivery will be enhanced by a variety of forms including, where appropriate, videos, computer based models, and other multimedia forms. At the end of each topic, case-studies matching the theoretical concepts learned will be used to link theory to practice. GCU Learn will contain the materials required. The teaching and learning is designed to equip students with a working understanding of financial decision making around different contexts in a global business environment. The module aligns to Common Good attributes by placing the onus on students to take responsibility for decision making, to develop ethical and accountable working practices; and to demonstrate the highest integrity in dealing with financial and accounting practices. These are rigorously tested in the coursework instruments which comprise both individual and group elements to reflect the diverse nature of modern international business firms. Feedback will be provided to students as follows: -360b7 Students will be provided with feedback within three weeks of submission of all summative assessments providing information on strengths, weaknesses, and suggestions for improvement. b7 Formative feedback back will be provided through discussions on pre-prepared tutorial work b7 Discussion boards will be used to encourage both tutor and peer-to-peer dialogue on certain topics where this form of communication would be considered to be effective b7 Students will be able to discuss any points with their tutor at any time during the module GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that the module is GCU Learn enabled, supported by learning technologists at the cutting edge of development on online teaching. Academic staff and learning technologists will continue to work together to develop and operate the module on GCU Learn to ensure students are supported and information shared. At the end of the module student feedback will be sought through a module evaluation questionnaire. The module provides the basis for students not only to enhance their financial decision making skills but also to develop as good global citizens by practicing ethical, sustainable and responsible leadership qualities that combine to deliver a significant contribution to the societies in which they practice. The module encourages integrity and accountability as key attributes of managing finance in a global organisation.

Indicative Reading

-792 Customised Textbook, Pearson Academic journals as appropriate

Transferrable Skills

On successful completion of the module the student will have developed: -360b7 group working, b7 oral communication and presentation skills. b7 numerical and written skills. They will have improved b7 problem solving skills through application of data interpretation and evaluation techniques together with an understanding of the financial decision making process.

Module Structure

Activity Total Hours
Lectures (FT) 12.00
Practicals (FT) 12.00
Assessment (FT) 40.00
Tutorials (FT) 12.00
Independent Learning (FT) 74.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 60.00 45% INDIVIDUAL REPORT2500 WORDS
Course Work 02 n/a 40.00 45% INDIVIDUAL REPORT2000 WORDS