course specifications

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course specifications

  1. 1. Programme Specification and Curriculum Map for MSc Financial Management 1. Programme title Financial Management 2. Awarding institution Middlesex University 3. Teaching institution Middlesex University 4. Programme accredited by N/A 5. Final qualification PGDip MSc 6. Academic year 2009-2010 7. Language of study English 8. Mode of study Full Time/Part Time 9. Criteria for admission to the Programme Applicants must either: • hold a UK or recognised overseas Bachelor’s degree (at least lower second class standard) or acceptable equivalent, or • have a professional qualification deemed to be of an equivalent standard. Students whose first language is not English will need to demonstrate English language proficiency in addition to the other entry requirements. A minimum score of 6.5 IELTS or a TOEFL score of 575 for the written test or 230 for the computer test or a recognised equivalent qualification must be obtained. 10. Aims of the programme The programme aims to: • provide students with the knowledge and skills to equip them for a career in a diverse range of business organisations, • develop students’ competence to apply a range of financial and accounting skills to the practice of financial management, • develop the critical and analytical abilities of students in relation to financial manage- ment, • develop critical, analytical and problem-based learning and transferable skills to pre- pare students for graduate employment, and • enhance the development of the students’ skills. MSc Financial Management 2009/2010 1
  2. 2. 11. Programme outcomes A. Knowledge and understanding Teaching/learning methods On completion of this programme the Modules are delivered through a series of successful student will have knowledge lectures to impart knowledge and set the and understanding of: boundaries of syllabus. In addition A1 current developments and topical workshops and seminars are used to issues in the practice of financial discuss current issues and theoretical management; concepts. Textbooks, journal articles and other relevant materials are recommended A2 theoretical and conceptual grounding in to them. In addition, students learn through finance and its latest development; solving exercises and case studies. A3 critical analysis and evaluation of financial situations taking into account Assessment Method the relevant quantitative and qualitative Students’ knowledge and understanding is issues; assessed by a range of assessment methods. Unseen examination, essay and A4 research methods and techniques. report writing plus case studies to demonstrate knowledge and understanding a. For the award of PGDip, A1, A2 and A3 are of A1, A2, and A3. A research proposal to met. test A4. These assessment methods allow formative feedback to students. B. Cognitive (thinking) skillsb Teaching/learning methods On completion of this programme the Students are assisted through workshop successful student will be able to: exercises for B1 & B5. One to one B1 critically analyse and interpret financial supervision is given for B4. These and non-financial information; teaching methods provide the opportunity for formative feedback. B2 critique the relevant and complex theories and issues in the field of Assessment method financial management; Students’ cognitive skills are assessed by: B3 apply the relevant theories and/or B1, B2, B3, & B5 a range of methods theoretical models to practical including group and individual coursework, problems and situations and present unseen examination, essay and report informed arguments on strengths and writing and case studies. Coursework/case weaknesses of the theories and studies are based on real life situations theoretical models used; where students are required to use their technical knowledge to make the relevant B4 identify and develop an area of calculation followed by the application of research in topical issues in finance their academic knowledge to evaluate and B5 model the major areas of financial systematically analyse their technical decision making use of quantitative findings to form opinions and make information. decisions. b. For the award of PGDip, B1, B2, B3 and B5 B4 is assessed by submission of a are met. research proposal and production of a dissertation. MSc Financial Management 2009/2010 2
  3. 3. C. Practical skills Teaching/learning methods On completion of the programme the C1 is developed through labs and library successful student will be able to: research. Workshops and coursework are C1 retrieve financial and non-financial used to develop C2 and C3 skills. information from a range of different sources including electronic Assessment method databases; Students’ practical skills are assessed by coursework and dissertationc. C2 apply the results of financial and non- financial analysis; c. For the award of PGDip, the skills are C3 calculate the future returns of different assessed in the coursework only. proposed projects as part of the decision making process. 12. Programme structure 12. 1 Overall structure of the programme This programme is delivered over a period of 12 months. Students have to successfully complete a total of 4 taught modules including 3 compulsory modules and 1 optional module. Students are also required to attend lectures and computer labs for the dissertation module in Autumn and Spring terms and are expected to complete their dissertation over the summer period. MSc Financial Management 2009/2010 3
  4. 4. 12.2 Levels and modules Level 4 COMPULSORY1 OPTIONAL 2 PROGRESSION REQUIREMENTS Students must take all of Students must also choose the following: ONE from the following 30 credit modules: FIN4501* Financial Reporting FIN4507 Corporate FIN4503* Governance and Corporate Strategic Management Accountability Accounting FIN4509 Financial FIN4505* Management for the Small Corporate Finance Business FIN4511 HRM4330 Employment Dissertation (60 credits) Systems in the Global Economy * (30 credits) HRM4370 Globalisation and Work MGT4111 Management Concepts: Theory and Practice STX4300 Quantitative Data Analysis 12.3 Non-compensatable modules. Module level Module code N/A 13. A curriculum map relating learning outcomes to modules See Curriculum Map attached 14. Information about assessment regulations University and School Assessment Regulation apply to this programme. There are no exemptions to the regulations. 15. Placement Opportunities, Requirements and Support (if applicable) N/A 1 Compulsory modules are those that must be taken, that is, the qualification cannot be made unless these modules have been successfully completed. Each of these modules makes a unique contribution to the learning objectives of the programme. 2 Optional modules are those from which a specified minimum number must be taken, that is, the qualification cannot be given unless these specified minimum numbers of optional modules have been successfully completed. Each of the possible combinations of optional modules will make a similarly unique contribution to the achievement of the learning objectives of the programme. MSc Financial Management 2009/2010 4
  5. 5. 16. Future careers A representative from the Career Advisory Service is invited to speak to students during their induction programme week. This allows students to become more familiar with the services that are offered by the Career Advisory Unit of the Business School. 17. Particular support for learning English Language Support, ILRS Facilities, Programme Handbook and Module Handbook, Programme Induction, Access to Student Counsellors, student e-mail and internet access. 18. JACS code (or other relevant N340 coding system) 19. Relevant QAA subject benchmark Benchmark statement for Business and group(s) Management 20. Reference points • QAA Guidelines for programme specifications • QAA Qualifications Framework • Middlesex University Regulations • Middlesex University Learning Framework – Programme Design Guidance, 2007 • Middlesex University Business School Teaching, Learning and Assessment Strategy • Business and Management subject Benchmark 21. Other information Methods for evaluating and improving the quality and standards of learning are:- External Examiner Reports, Annual Monitoring reports, Board of Study, Module Evaluation and Report, Peer Teaching Observations, Student Evaluation, Validation and Review Panels, Review of Academic Provision, QAA Academic Review. See procedures handbook http://mubsweb.mdx.ac.uk/www/curriculum/quality/qualdocs.htm or further information on how these procedures continue to provide ongoing quality assurance and enhancement Please note: this specification provides a concise summary of the main features of the programme and the learning outcomes that a typical student might reasonably be expected to achieve if s/he takes full advantage of the learning opportunities that are provided. More detailed information can be found in the student programme handbook and the University Regulations. MSc Financial Management 2009/2010 5
  6. 6. Curriculum map for MSc/PG Dip Financial Management This section shows the highest level at which programme outcomes are to be achieved by all graduates, and maps programme learning outcomes against the modules in which they are assessed. Programme Outcomes Module Title Module Code A1 A2 A3 A4 B1 B2 B3 B4 B5 C1 C2 C3 Core Modules Financial Reporting FIN4501        Strategic Management Accounting FIN4503         Corporate Finance FIN4505         Optional Modules Corporate Governance and Corporate Accountability FIN4507        Financial Management for the Small Business FIN4509           Employment Systems in the Global Economy HRM4330  Globalisation and Work HRM4370  Statistical data analysis STX4300      Management Concepts: Theory and Practice MGT4111   Dissertation FIN4511            Note: * Depends on the chosen topic. † Only the results of non-financial analysis will be used in FIN4507. MSc Financial Management 2009/2010 6
  7. 7. Programme learning outcomes Knowledge and understanding Practical skills Current developments and topical issues in the practice Retrieve financial and non-financial information from a range A1 C1 of financial management. of different sources including electronic databases A2 Theoretical and conceptual grounding in finance. C2 Apply the results of financial and non-financial analysis Critical analysis and evaluation of financial situations Calculate the future returns of different proposed projects as A3 taking into account the relevant quantitative and C3 part of the decision making process qualitative issues A4 Research methods and techniques Cognitive skills Graduate Skills Critically analyse and interpret financial and non-financial B1 information. Critique the relevant and complex theories and issues in B2 the field of financial management Apply the relevant theories and/or theoretical models to practical problems and situations, and present informed B3 arguments on strengths and weaknesses of the theories and/or theoretical models used. Identify and develop an area of research in topical issues B4 in finance. Model the major areas of financial decision making use of B5 quantitative information. MSc Financial Management 2009/2010 7
  8. 8. Programme Structure FULL-TIME NON-SPECIALIST FINANCE Coursework Examination Module Code: Module Title % % Core modules FIN4501: Financial Reporting 50 50 FIN4503: Strategic Management Accounting 50 50 FIN4505: Corporate Finance 50 50 One module to be chosen from the following list: FIN4507: Corporate Governance and Corporate Accountability 100 FIN4509: Financial Management for the Small Business 100 HRM 4330: Employment Systems in the Global Economy 50 50 HRM 4370: Globalisation and Work 50 50 STX4300: Statistical data analysis 60 40 MGT4111: Management Concepts: Theory and Practice 100 Dissertation FIN4511: Dissertation module (60 credit points). Lectures and computer labs will be delivered in the Autumn and Spring terms. The taught materials in term 1 and term 2 will be assessed using two coursework assignments, each carrying 10%. In addition to these, students are required to submit a 2,000-word proposal document in term 2. This proposal has a weighting of 10%. The remaining 70% will be assigned to the final dissertation which should be completed by the end of the summer period. PART-TIME Year One Coursework Examination Module Code: Module Title % % FIN4501: Financial Reporting 50 50 FIN4503: Strategic Management Accounting 50 50 FIN4505: Corporate Finance 50 50 Year Two One module to be chosen from the following list: Designated modules: FIN4507: Corporate Governance and Corporate Accountability 100 FIN4509: Financial Management for the Small Business 100 HRM 4330: Employment Systems in the Global Economy 50 50 HRM 4370: Globalisation and Work 50 50 STX4310: Statistical data analysis 60 40 MGT4111: Management Concepts: Theory and Practice 100 MGT4124: Managing Projects 40 60 Dissertation FIN4511: Dissertation module (60 credit points). Lectures and computer labs will be delivered in the Autumn and Spring terms. The taught materials in term 1 and term 2 will be assessed using two coursework assignments, each carrying 10%. In addition to these, students are required to submit a 2,000-word proposal document in term. This proposal has a weighting of 10%. The remaining 70% will be assigned to the final dissertation which should be completed by the end of the summer period. MSc Financial Management 2009/2010 8

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