Financial Management 200 (FAM601Y)_2024

Cost and Management Accounting:

The aim of the module is to develop knowledge and understanding of cost and management accounting techniques needed to support management in planning, controlling and monitoring performance in a variety of business context.

The main areas to be covered will include the following:

1. Explain the nature, source and purpose of management information.

2. Explain and analyse data analysis and statistical techniques.

3. Explain and apply cost accounting techniques.

Finance:

Financial Management is concerned with the acquisition and deployment of financial resources to achieve key objectives. The three main areas of financial management are:

1. Acquisition of financial resources

This involves obtaining suitable sources of finance and is a financing decision.
 
In selecting sources of finance, risk will be a consideration since some sources of finance create risk for a business.
 

2. Deployment of financial resources

This involves using a business’s financial resources effectively and can involve deciding whether  or  not to invest in projects ( the investment decision).
 

3.  The dividend decision

Whether or not to return surplus cash to shareholders (the dividend decision).