Integrated Financial Planning
This unit will bring together the key competencies of personal financial planning such as tax planning, estate planning, retirement planning and personal risk management. You will study the process for integrating these competencies in order to create holistic financial planning solutions. The unit covers: the 6-stage financial planning process; advanced tax issues (income tax, capital gains tax, inheritance tax) and solutions; advanced savings and investment issues including tax implications.
Banking, Financial Markets and Institutions
This unit will provide you with an examination and critical evaluation of the institutions, markets and mechanisms in place for the transfer of money in an economy. The financial system is examined in detail and the banking and economic crisis is explored in terms of causation and lessons for the future. As well as traditional theory, you will gain an appreciation of behavioural economics and an advanced understanding of the contemporary financial system, located nationally, globally and on the web.
Risk Management in Banking and Insurance
This unit has been designed to specifically to consider the risk management challenges faced in the banking and insurance sectors. We will survey the regulatory environment and consider recent developments. Consideration will be given to techniques and specifics that can be utilised to identify, assess, report on, manage and monitor risk. The unit covers the following topic areas; the financial crisis, risk measurement (VaR), EWRM, banking regulation (Basel III & Vickers Report), securitisation, types of risk (credit, operational, liquidity, interest rate), derivative products, insurance company risks, investment of insurance funds, underwriting and pricing, and insurance regulation (Solvency II).
Current Issues in Management Accounting
Building upon the Management Accounting and Internal Systems unit at Level 5, you will develop a strategic insight into management accounting and performance management. Your studies will cover topics such as: The elements of Management Accounting, competitive strategies and how they influence management accounting practices, traditional and modern performance management techniques, transfer pricing, reward systems and behavioural aspects of management accounting, ethical issues in management accounting, quality management (including practices of continuous improvement) and how they impact management accounting and contemporary issues in management accounting.
International Financial Management
This unit will provide you with an understanding of the forms of international finance and the workings of international capital markets. It will introduce and build on the theory of foreign exchange and provide detailed knowledge of the management of international financial risks.
Business Environment and Operations
This unit provides you with a holistic view of management across the organisation in particular the role of the management accountant. The unit builds on important concepts from management account studies and ethics, and includes strategic options, skills and issues the accountant would be exposed to in an organisational environment. Your studies will cover topics such as identifying types of competitive environment, developing strategies, CSR and ethics, the marketing environment, developments in strategic management; you will be learning the tools and techniques of project management including the role of a project manager. In addition to the competitive environment and project management you will also learn the concepts associated with the effective operation of an organisation and the various approaches of management and leadership, including the activities associated with managing people.
Corporate Financial Management
This unit provides a framework to allow you to appreciate the issues involved in corporate financial management. It examines the basic principles of financial management and applies them to the main decisions faced by financial managers. The unit covers the following topic areas; The objectives of financial management, Time Value of Money, Valuation Bonds / Company, Cost of Capital, Portfolio Theory, CAPM, Efficient Markets Hypothesis, Dividend Theory, Capital Structure, Investment Appraisal Techniques, Real Options.