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Module Title
Financial Decision-Making in the Business Environment
School
School of Engineering
Department
Civil Engineering
Module Code
04 17840
Module Lead
Professor Kamel Hawwash
Level
Masters Level
Credits
10
Semester
Semester 1
Pre-requisites
Co-requisites
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
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.
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
Handy C. 1994. The Empty Raincoat. Hutchinson
