Finance for HR Managers

The aim of this module is to develop students' knowledge and understanding of the nature, context, role and importance of finance in modern organisations and to develop the student's ability to apply fundamental finance concepts and techniques to support decision-making.  The module aims to develop the student's appreciation of the link between financial decisions and management of the business.

Managing of Finance is valuable across all sectors of business, regardless of whether students choose to work in Finance, Marketing, Human Resources, IT or other disciplines. By having a strong knowledge of finance, students will be able to contribute and add value both within a business context and on a personal level.

1. Illustrate an introductory knowledge of the nature, role and importance of finance in the organisation and participate in a meaningful way as a member of a team;

2. construct, analyse, interpret, evaluate and use financial information;

3. apply a knowledge of cost concepts; including cost behaviour and the difficulties inherent in cost measurement;

4. apply a knowledge of cost-volume-profit relationships in simple, single-product decision situations;

5. Prepare and interpret cash and operating budgets;

6. Apply appraisal techniques in the evaluation of capital investment proposals, as a support to managerial judgement;

7. Apply a knowledge of budgetary control concepts and practices to financial and organisational control;

8. Prepare an overview of sources and cost of finance in the contemporary financial environment.