Programme And Module Handbook
Course Details in 2025/26 Session

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Module Title Financial Decision-Making in the Business Environment
SchoolSchool of Engineering
Department Civil Engineering
Module Code 04 17840
Module Lead Professor Kamel Hawwash
Level Masters Level
Credits 10
Semester Semester 1
Restrictions MEng Civil Engineering; MEng Civil Engineering (International Study); MEng Civil Engineering (Industrial Experience); MEng Civil Engineering with Management; MEng Computer Science and Civil Engineering; MSc Road Management and Engineering, and other programmes by agreement with the Dept of Civil Engineering
Contact Hours Lecture-20 hours
Seminar-4 hours
Practical Classes and workshops-2 hours
Total: 26 hours
Description This module provides an introduction to the issue of Financial and Economic decision-making in the modern business environment. The module provides key skills of business analysis in relation to published financial reports and forward-planning, but also addresses the conflicts and paradoxes which exist for managers making economic business decisions in a modern market economy environment.
Learning Outcomes By the end of the module the student should be able to:
  • Prepare profit and loss accounts and balance sheets;
  • Analyse published financial statements through ratio analysis;
  • Conduct cost volume profit analysis, plan for limited resources and understand the behavioural aspects budgetry control;
  • Understand the dynamic nature of supply and demand and the nature of a market economy;
  • Appreciate some of the conflicts and paradoxes which exist in market-economy decision-making;
  • Conduct investment appraisal and understand the mechanism and determination of the rate of interest for investment.
Assessment 17840-06 : Module Mark : Mixed (100%)
Assessment Methods & Exceptions Assessment: 50% Coursework – 50% exam (2 hr Centrally Managed)
Reassessment: 100% exam only (online coursework if Cantrally Managed Exams not possible)
Other none
Reading List Handy C. 1994. The Empty Raincoat. Hutchinson
Drury C. 1996. Cost and Management Accounting. Pitman
Handy C. 1996. The Hungry Spirit. Hutchinson
Horngren, Sundem and Stratton, 2001, Introduction to Management Accounting, 12th Ed, Prentice Hall