| CODE | MGT2365 | ||||||||
| TITLE | Financial Linguistics for Managers | ||||||||
| UM LEVEL | 02 - Years 2, 3 in Modular Undergraduate Course | ||||||||
| MQF LEVEL | 5 | ||||||||
| ECTS CREDITS | 4 | ||||||||
| DEPARTMENT | Business and Enterprise Management | ||||||||
| DESCRIPTION | As a manager, every decision taken has financial implementations. Finance is a common language of business. By developing basic finance skills, one understands' how one's actions impact the organization's finances. This Study unit will cover: -Read Financial Statements: Students will be experiencing the use and resining behind why financial statements are prepared each year and its benefit towards the stakeholders of the related entity. -Financial downturn and its effects on management: when the entity is cash rich and able to take risks the management effects on the monitory affairs of the entity are correctable if errors occur. However, in most instances the margin for error by management may result in devastating effects on the entity. Thus, students will be reflecting and developing the students mentality of the cost and benefit set-off that management decision making has in light on the monitory reserves of the entity. -Management involvement in corporate investments through cost-benefit analysis: A cost-benefit breakdown is a systematic process that businesses use in the decision-making process. The cost-benefit analyst looks into the potential rewards expected from a situation or action and then subtracts the total costs associated with taking that action. Students will be thought how to effectively use this tool. - Ownership value and business structure: The role of ownership varies amongst the various business structures the main business structures discussed in this study unit will be Sole traders, Partnerships, Limited liability Companies and Public listed companies. - Profitability, liquidity and budgets for managers involvement: Management is the brain of an entity but cash is the life blood. Management can plan various projects in relation to goal setting. However, consideration needs to be made with reference to the monitory restrains that the entity will be subject to. Hence students will be taught on the reflection needed to be taken by management before taking a decision in light of the financial implications. - Rational between management activity and financial effectiveness The students will be introduced to the concept that the Management role can be divided into two roles; 1. the organisation Management role; & 2. the financial management role. -Target rate of profit returns from management execution Study-Unit Aims: 1. To equip students to follow guidelines that are required when evaluating managerial decisions taken in business whilst remaining in line with the financial position of the organization. 2. To provide a strong background to students to allow the future manager to be in alliance with the finance department of the organization. 3. To provide the future manager to participate in top management discussions when evaluations are being made between the expenditure cost and the proposed benefit to the organisation. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: 1. Adopt the financial consideration in the managerial role; 2. Familiarize with common financial terms and statutory financial obligations that managers need to consider; 3. Describe the effects of break even, profitability and losses to management responsibility; 4.Use budget expenditure to aid in Management progress within the organisation; 5. Demonstrate a basic understanding of the relationship between corporate growth & Financial Growth; 6. Discuss financial theories in relation to the desired management outcome. 2. Skills: By the end of the study-unit the student will be able to: 1. Read financial positions of the organization in which the manager operates in; 2. Adopt rational thinking of the cost allocation in relation to management execution; 3. Evaluate the possible financial risk involved in management decision making. Main Text/s and any supplementary readings:- - HBR guide to finance basics for managers. (2012). Boston, Mass: Harvard Business Review Press. - Collier, P. M. (2003). Accounting for managers: Interpreting accounting information for decision-making. John Wiley. Also additional reading metterial will be prodided in class and made availabe on VLE |
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| STUDY-UNIT TYPE | Lecture | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Edward Hector Spiteri |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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