Financial strategy
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Middle and senior line managers meet a multiplicity of financial problems in their organisations. This course will interest those wanting to develop their knowledge of the area. It introduces finance and accounting problems that organisations face at board level, and enables you to feel at ease working with finance and accounting experts. You’ll examine how finance and accounting interact (covering both public and private sector finance issues), develop a grasp of the fundamentals of corporate financial theory, and learn how to tackle the main financial problems you are likely to encounter. You’ll also be able to understand and analyse company accounts in different situations.
This course is offered with online tuition only. You may register for a combination of face-to-face and online tuition by choosing course code B821.
Course facts
A postgraduate course in Business and Management.
| About this course: | |
|---|---|
| Course code | BZX821 |
| Credits | 30 |
| OU Level | Postgraduate |
| SCQF level | 11 |
| FHEQ level | 7 |
| Course work includes: |
|---|
| 3 Tutor-marked assignments (TMAs) |
| Examination |
| No residential school |
Register for the course
This course is available for study in the countries shown. Fees and financial support may vary by country.
What you will study
Most accounting and finance courses in business schools treat accounting and finance as separate topics, failing to exploit the relationships that the two have in practice; for example, managers might be judged on their ability to achieve the financial objective of maximising share value through internal accounting performance measures. The course explains how accounting and finance interact, as well as giving you the key techniques applicable to both accounting and financial analysis. Another difference between this course and more conventional courses is that it considers both public and private sector finance issues. The boundary between public sector and private sector is, in any case, increasingly blurred as public sector organisations are forced to compete in the private sector or are privatised while private sector organisations are made to be accountable to society as a whole, not just to shareholders.
Many students are alarmed at the thought of taking a finance course because they expect it to be dull and difficult. This course is neither. It is full of case studies and other examples that show how relevant finance is to all aspects of management. It also uses multimedia to get the concepts of financial theory across. From spreadsheets, CD-ROMs and DVD to course reader, you will have substantial support in learning the key concepts of finance. By the end of the course you should have no difficulty with financial jargon and you will be more than able to hold your own in the world of finance.
The course has ten principal modules, designed to take you from an introduction to corporate finance through to relating finance to the other activities of an organisation. The topics are financial analysis, understanding accounts, financial appraisal, finance and investment, finance tools, project appraisal, company appraisal, risk management and instruments, strategic implications, internal and external finance. Online forums and use of the internet are also part of the course.
By the end of the course you should:
- Appreciate the financial strategy issues that affect organisations.
- Understand the relevance of finance and accounting both within the organisation and to stakeholders.
- Be able to undertake a financial analysis of an organisation and interpret the results in the context of lending and investing decisions.
- Be able to make investment and financing decisions, both for projects and for companies.
- Be aware of the financing choices available to organisations, and how financial structure should be determined.
- Assess the financial risks that organisations face, in particular credit, interest and foreign exchange risk, and be able to adopt risk-hedging strategies that suit the risk profile of the organisation concerned.
- Understand how organisations measure financial performance internally and how their financial performance is assessed by stakeholders in a global context.
Vocational relevance
The course is related to N/SVQs in operational management and strategic management at Level 5.
Entry
You can take this course on its own, or include it in a number of our postgraduate qualifications. If you are taking the course as part of our MBA (F02) (now no longer open to new entrants), we expect you to have already completed Stage 1 and the discontinued Stage 2 course B820. The structure and approach of the course recognises that most students are not specialists in finance and accounting, but it does rely on a considerable knowledge of accounting and finance issues such as you would have developed by studying B820 and the discontinued Stage 1 course B713. If you have not taken these courses or have any doubt about the suitability of the course, please contact our Student Registration & Enquiry Service.
Qualifications
BZX821 is a compulsory module in our:
BZX821 is an optional module in our:
- MBA (F02)
- Postgraduate Certificate in Systems Thinking in Practice (C72)
- Postgraduate Certificate in Technology Management (C49)
- Postgraduate Diploma in Information Systems (E10)
- Postgraduate Diploma in Management of Software Projects (E19)
- Postgraduate Diploma in Systems Thinking in Practice (E28)
- Postgraduate Diploma in Technology Management (E08)
- Master of Public Administration (F44)
- MBA (Technology Management) (F03)
- MSc in Information Systems (F37)
- MSc in Management of Software Projects (F43)
- MSc in Systems Thinking in Practice (F47)
- MSc in Technology Management (F36)
Some postgraduate qualifications allow study to be chosen from other subject areas. We advise you to refer to the relevant qualification descriptions for information on the circumstances in which this module can count towards these qualifications because from time to time the structure and requirements may change.
Excluded combinations
Sometimes you will not be able to count a module towards a qualification if you have already taken another module with similar content. To check any excluded combinations relating to this module, visit our excluded combination finder or check with our Student Registration & Enquiry Service before registering.
If you have a disability or additional requirement
Some of the study material is presented on DVD/video and some on audio CD, and one of the CD-ROMs has a high audio content. Transcripts of most of the audio material should be available. The course depends heavily on reading and writing text on computer screens. The study materials are available in Adobe Portable Document Format (PDF). Some Adobe PDF components may not be available or fully accessible using a screen reader. Alternative formats of the study materials may be available in the future. Our Services for disabled students website has the latest information about availability.
You will need to spend considerable amounts of time using a personal computer and the internet. If you are a new student, or new to study using a computer or the internet, you will need to inform us of your particular needs as soon as possible, as some of our support services may take several weeks to arrange. Details of how to do this and our range of support services are described in our publication Meeting your needs.
You can also find information about accessible study materials, financial support and the Disabled Students' Allowance, equipment and other services, on our Services for disabled students website. It also includes our contact details for advice and support both before you register and while you are studying.
Study materials
What's included
Course books, other printed materials, CDs, DVD, CD-ROMs, online forums, a website.
You will need
DVD and CD players.
Computing requirements
This course includes online computer activities – you can access these using a web browser that can play Flash and Shockwave.
You will need internet access and a computer. If you have purchased a new computer since 2005 it should meet your course computing requirements. Check our Technical Requirements section if your computer is older than this or is otherwise unusual.
Teaching and assessment
Support from your tutor
You will have a tutor who will help you with the study material and mark and comment on your written work, and whom you can ask for advice and guidance. You will contact your tutor by telephone, correspondence, email and online forums. All the tutoring takes place online. Contact our Student Registration & Enquiry Service if you want to know more about study with The Open University before you register.
Assessment
The assessment details can be found in the facts box above.
You will be expected to submit your tutor-marked assignments (TMAs) online through the eTMA system unless there are some difficulties which prevent you from doing so. In these circumstances, you must negotiate with your tutor to get their agreement to submit your assignment on paper.
Students also studied
Students who studied this course also studied at some time:
Future availability
The details given here are for the final course start date in May 2012.
How to register
To register a place on this course return to the top of the page and use the Click to register button. For more information and advice about registration see OU Study Explained.
Course facts
A postgraduate course in Business and Management.
| About this course: | |
|---|---|
| Course code | BZX821 |
| Credits | 30 |
| OU Level | Postgraduate |
| SCQF level | 11 |
| FHEQ level | 7 |
| Course work includes: |
|---|
| 3 Tutor-marked assignments (TMAs) |
| Examination |
| No residential school |
Study explained
- Course
- - a module of study that can count towards a qualification.
- Credits
- - show how much study is required to complete a course or qualification. One credit represents roughly 10 hours of study.
- Financial support
- - find out if you qualify for support with your fees with our eligibility checker.
- Study explained
- - all you need to know about distance learning with the OU.
Student Reviews
I found this course exceptionally challenging and certainly not for the faint hearted! Whilst I found the assignments tough, the ...
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