Program Overview

Award in Financial Management

Overview

This module allows learners to become knowledgeable with the relevant theories and practicalities governing the financing world. This module will equip learners with the necessary skills and knowledge required for managers to carry out basic finance activities as required including forecasting and planning methods as well as capital and budgeting.

Awarding Body & Accreditation

This qualification is awarded by eie Institute of Education and is accredited by the Malta Further and Higher Education Authority (MFHEA). MFHEA deems this Award to be at MQF Level 5 (12 ECTS) of the Malta Qualifications Framework and the European Qualifications Framework for lifelong learning.

Learning Outcomes

Competences

At the end of the course, the learner will have acquired the responsibility and autonomy to:

• Ensure the strengthening of one’s quantitative skills
• Ensure understanding of short and long-term financing plan
• Comply with the rules that reflect effective and optimal investment decisions
• Carry out tasks making use of the effective techniques when managing the working capital

Knowledge

At the end of the course, the learner will have been exposed to the following:

• Define terms ‘finance’ and the ‘financial environment’
• Describe and provide practical examples of ‘capital budgeting’ and ‘investment banking’
• Recall the need for ‘long-term financing’
• List and critically differentiate between various funding sources for organisations, the instruments of sourcing such funds and markets
• Identify and critically discuss the role and functions of a financial manager within an organisation
• Recall and critically assess the different types of business structures and the main differences when it comes to sourcing finance for such organisations
• Critically describe and differentiate debt and equity as well as the financial assets and markets

Skills

At the end of the course, the learner will have acquired the following skills:

• Demonstrate understanding of the functions of the financial department in organisations, as well as the role of the manager
• Exhibit understanding of the working capital
• Show understanding of the concept of time value of money
• Discuss in detail the importance of ethics and ethical considerations in finance management
• Use payback period, net present value, payback period and internal rate of return
• Use various basic financial vocabulary which is widely used in the financing word
• Exhibit enhanced quantitative skills
• Use financial information to make inform business decision making
• Demonstrate understanding of key ratios used to measure an organisation’s performance including profitability, gearing, efficiency, and investor

Teaching Methodology

This module shall be taught with a student-centred approach whereby learners are encouraged to take active participation in their own learning. Learners shall be presented with PowerPoint presentations, case-study examples, and other interactive learning materials. Students will be asked to discuss and exchange communication amongst each other (classroom or online, as per learning mode chosen).

Assessment

This course shall be assessed with an examination (75%) split in two sections. One section requiring calculations whereas the other requires long paragraph answers. Learners are also expected to undergo a classroom assessment including discussions, multiple-choice assessments and/or observation (25%). Moreover, learners are expected to obtain a minimum of 50% of the total mark to successfully pass from the course.

Fees

• Total lecture hours: 60
• Fees: €1,500.00 (EU & Non-EU Nationals)
• Get Qualified Scheme: Upon Successful completion of this course, you will be able to recover (if eligible) up to 70% (through tax credits) of expenses on both the registration and tuition fees paid when starting the course.