ECM3200 - Engineering in Society and Company Finance (2023)

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MODULE TITLEEngineering in Society and Company Finance CREDIT VALUE15
MODULE CODEECM3200 MODULE CONVENERUnknown
DURATION: TERM 1 2 3
DURATION: WEEKS 2 0 0
Number of Students Taking Module (anticipated) 25
DESCRIPTION - summary of the module content

This module will provide you with essential knowledge for all engineers, which will benefit you in your future career. You will gain basic training in standard financial documents: balance sheets, income statements, cash flow forecasts, and profit and loss statements. You will also learn how to do simple manufacturing and project costing. Financial management is explored, primarily in a project context.

AIMS - intentions of the module

You will also be given a basic understanding of financial project appraisal and an understanding of investor priorities. It will equip you to make simple financial appraisals of projects and to operate in the commercial environment.

INTENDED LEARNING OUTCOMES (ILOs) (see assessment section below for how ILOs will be assessed)

On successful completion of this module you should be able to:

Module Specific Skills and Knowledge

1 comprehend the basic legal, regulatory and financial issues relating to production and projects;
2 interpret standard financial documents: Balance Sheet, Profit and Loss account, Cash Flow forecast;
3 understand and apply simple manufacturing and project costing.

Discipline Specific Skills and Knowledge

4 display financial management skills in the context of a high value, multi-discipline construction environment.

Personal and Key Transferable / Employment Skills and Knowledge

5 evaluate information from a diverse range of sometimes conflicting sources;
6 exhibit an understanding of the issues involved in engineering and use relevant approaches to make difficult decisions

 

SYLLABUS PLAN - summary of the structure and academic content of the module

The module will cover the majority of issues below:
- Data protection and security
- Assessment and management of risk in complex engineering systems;
- Company accounts, financial returns for small enterprises, profit and loss, balance sheet;
- Project costing, cost centres, earned value analysis, forecast vs actual costs;
- Direct and indirect costs, overhead apportionment;
- Activity based costing;
- Break-even analysis;
- Budgeting and cash-flow, investment appraisal.
- Basic interpretation of accounts
- The investor perspective
- Cash flow and project appraisal
- Contextual summary and revision
 

LEARNING AND TEACHING
LEARNING ACTIVITIES AND TEACHING METHODS (given in hours of study time)
Scheduled Learning & Teaching Activities 44.00 Guided Independent Study 106.00 Placement / Study Abroad 0.00
DETAILS OF LEARNING ACTIVITIES AND TEACHING METHODS
Category Hours of study time Description
Scheduled learning and teaching activities 22 Lectures
Scheduled learning and teaching activities 22 Tutorials
Guided independent study 106 Guided independent study

 

ASSESSMENT
FORMATIVE ASSESSMENT - for feedback and development purposes; does not count towards module grade
Form of Assessment Size of Assessment (e.g. duration/length) ILOs Assessed Feedback Method
       
       
       
       
       
SUMMATIVE ASSESSMENT (% of credit)
Coursework 40 Written Exams 60 Practical Exams 0
DETAILS OF SUMMATIVE ASSESSMENT
Form of Assessment % of Credit Size of Assessment (e.g. duration/length) ILOs Assessed Feedback Method
Examinations 60 2 hours All Mark Returned
Coursework Accidents and Finance 40 Approx 2000 words All Individual Feedback
         
         
         

 

DETAILS OF RE-ASSESSMENT (where required by referral or deferral)
Original Form of Assessment Form of Re-assessment ILOs Re-assessed Time Scale for Re-assessment
As Above Examination (100%) All  August Ref/Def period
       
       

 

RE-ASSESSMENT NOTES

If a module is normally assessed entirely by coursework, all referred/deferred assessments will normally be by assignment.

If a module is normally assessed by examination or examination plus coursework, referred and deferred assessment will normally be by examination. For referrals, only the examination will count, a mark of 40% being awarded if the examination is passed. For deferrals, candidates will be awarded the higher of the deferred examination mark or the deferred examination mark combined with the original coursework mark.

RESOURCES
INDICATIVE LEARNING RESOURCES - The following list is offered as an indication of the type & level of
information that you are expected to consult. Further guidance will be provided by the Module Convener

Basic reading:

 

ELE: http://vle.exeter.ac.uk/

 

Web based and Electronic Resources:

 

Other Resources:

 

Reading list for this module:

There are currently no reading list entries found for this module.

CREDIT VALUE 15 ECTS VALUE 7.5
PRE-REQUISITE MODULES None
CO-REQUISITE MODULES None
NQF LEVEL (FHEQ) 6 AVAILABLE AS DISTANCE LEARNING No
ORIGIN DATE Friday 03 February 2023 LAST REVISION DATE Friday 03 February 2023
KEY WORDS SEARCH Sustainability; accidents; health and safety; ethics