Year 1 contains a critical overview of various contextual elements of Business such as Economics, Finance, and Marketing, Business Law and Human Resource Management. From whose perspective should we measure business advantage and disadvantage? Do we have to accept current business practices? In Years 1 and 2 the focus is upon the Economic Environment and Strategic Business Practice while options include an Analysis of G1obalisation and Human Resource Implications. Throughout the course, emphasis is placed upon critical awareness and the development of relevant business skills.
BF401: Marketing
Semester: 1/ Credit Value: 4/ Hours Weekly: 4
This module aims to provide students with an introduction to the fundamental concepts and principles that underpin the marketing process. In addition, it examines the role and practice of marketing within the changing business environme
nt. This broad-based unit will provide all students with a concise and contemporary overview of Marketing, and give them the knowledge and skills to underpin further study in the specialized field of marketing.
BF402: Managing Financial Decisions & Resources
Semester: 2/ Credit Value: 4/ Hours Weekly: 4
This module is designed to give students a broad understanding of the ways in which Finance is managed within a business organization. Students will learn how to evaluate the different sources of finance, compare the ways in which these are used and will learn how to use financial information to make decisions. Consideration of decisions relating to pricing and investment, as well as budgeting will also be included. Finally, students will learn techniques for the evaluation of financial performance.
BF403: Organizational Behaviour
Semester: 1/ Credit Value: 4/ Hours Weekly: 4
This module provides an introduction to the nature of organizations in relation to management practices. The module examines the internal nature of organizations from both a theoretical and practical viewpoint. The module intends to develop an understanding of the behaviour of people within organizations and the significance of organizational design and characteristics. It also aims to provide the basis for, and to underpin further study in, specialized areas of business.
BF404: Introduction to Economics & the Business Environment
Semester: 1/ Credit Value: 4/ Hours Weekly: 4
The aim of this module is to encourage students to identify the objectives of organizations and the influence of stakeholders. Students are also encouraged to investigate the operation of organizations in relation to the local, national and global environment. The module also provides students with a solid base for understanding the parameters within which organizations actions can be built upon in further units.
BF405: Introduction to Accounting
Semester: 1/ Credit Value: 4/ Hours Weekly: 4
This module introduces learners to the purpose of accounting and its role in the management of a business organization. Accounting involves the recording of business transactions, and this in turn, leads to the generation of financial information, which can be used as the basis of good financial control and planning. This module should give learners the skills and knowledge needed to understand and manage finances. The module is divided into two distinct parts. The first is an understanding of the accounting processes necessary to provide accurate and relevant financial information. The second part is the practical aspect of carrying out those accounting activities.
BF406: Costing & Budgeting
Semester: 2/ Credit Value: 4/ Hours Weekly: 4
In this module students will consider cost information both current and future. Cost data will be collected, compiled and analyzed, and will be processed into useful information for management. The module goes on to deal with the budgetary planning and control, preparing forecasts and budgets and then comparing them to actual results. Students will consider different costing and budgetary systems and will discuss the causes of resulting variances.
BF407: Marketing Intelligence & Consumer Behaviour
Semester: 2/ Credit Value: 4/ Hours Weekly: 4
The aim of this module is to enable students to understand the purchase-making process and to recognize the variables and situations that influence buying behaviour. The student will explore the marketing research process and assess the importance of different types of information and marketing research requirements needed for effective Marketing Management in a competitive environment. This unit will also provide students with the specialist knowledge and skills to prepare and present a research proposal.
BF408: Human Resources Management
Semester: 2/ Credit Value: 4/ Hours Weekly: 4
This module provides an introduction to the concepts and practices of Human Resource Management within the United Kingdom. The aim of the module is to provide an understanding of the human resource management role and function within the key areas of Resourcing, Reward, Development and Relations.
BF409: Business Decision Making
Semester: 3/ Credit Value: 4/ Hours Weekly: 4
In business, good decision making requires the effective use of information. This module gives students the opportunity to examine a variety of sources and develop techniques for four aspects of information: Data Gathering, Data Storage, and the tools available to create useful information and present it. Computers are used in business for much of this, thus, the appreciation and use of appropriate IT software is central to the completion of this module. Specifically, students will use spreadsheets and other software for data analysis and the preparation of information. The use of spreadsheets for the manipulation of numbers, and understanding of how to apply the results, are seen as more important than the mathematical derivation of formulae used. They will also gain an appreciation of information systems, (currently used at all levels in an organization as aids to decision making).
BF410: Research Project
Semester: 3/ Credit Value: 4/ Hours Weekly: 4
This module is designed to introduce students to the techniques and methods of research. The module addresses a variety of research methodologies, including the opportunity to carry out interventionist or action research. Students will be required to produce a project report based on independent research, (from an area of professional business practice that interests them), which will add to their professional development. The study should use both primary and secondary sources of information, and should be an exploration of a current major issue. The study undertaken should build on knowledge, skills and understanding that have been achieved in other modules. Tutor approval should be sought before commencing the study.
BF411: Business Law
Semester: 3/ Credit Value: 4/ Hours Weekly: 4
This module provides the student with an introduction of the principles of Business Law which relate to the legal rules affecting business organizations within the domestic and European legal framework. In addition the module will allow the student to identify anti-competitive practices and the impact these can have upon business organizations throughout monopolies, mergers and the use of intellectual property rights. The module will also introduce the student key domestic consumer provisions and associated provisions within the E.U.
BF412: Taxation
Semester: 3/ Credit Value: 4/ Hours Weekly: 4
This module considers the taxation of both individuals and limited companies. Students will calculate taxable income and tax payable, allowing for different sources of income, relevant allowable expenditure, and applicable tax-free allowances. Income tax, corporation tax and capital gains tax are all covered.
BF413: Financial Systems & Auditing
Semester: 4/ Credit Value: 4/ Hours Weekly: 4
This module examines the accounting and management control systems of a business. Students will analyze these systems and evaluate their effectiveness, particularly in terms of controls and safeguards against error and fraud. The purpose and conduct of an audit will be covered, together with the process of audit reporting.
BF414: Financial Reporting
Semester: 4/ Credit Value: 4/ Hours Weekly: 4
In this module students will discover how to prepare financial statements for different types of business, taking into account the relevant legal and regulatory provisions. Included will be the basic principles of group accounts. Students will also develop the necessary needed to interpret financial statements.
BF415: Business Strategy
Semester: 4/ Credit Value: 4/ Hours Weekly: 4
The aim of this module is to develop students' abilities to evaluate and select strategies appropriate to business organizations. This will involve an analysis of the impacts of the external operating environment and the need to plan organizational strategies to ensure effective business performance.
BF416: Cyprus Economy in the EU Environment
Semester: 4/ Credit Value: 4/ Hours Weekly: 4
In this module learners will focus on how EU membership impacts on Cyprus and the organizations located in Cyprus. The module will focus on the EU as a dynamic and evolving influence.
