This module is not currently running in 2022 to 2023.
The aim of this non-technical course is to develop an understanding of modern finance theory and practice for organisations managing cultural heritage. It provides the basic concepts, fundamental approaches and key tools for aspiring decision makers who do not necessarily hold financial positions or backgrounds. It equips students with state-of-the art tools, methodologies and ideas needed in making and analysing the two key decisions in finance concerning Investments and Financing. Participants understand the key issues affecting finance decisions, appreciate the risk-return trade-off and are enabled to evaluate capital investment projects using different methodologies. Students become familiar with the key goals, concepts, stakeholders, problems, decisions, variables, imitations and tools involved in the financial management of an archaeological site as a tourist destination. They are enabled to build simple budgets and financial forecasts and utilise them in order to substantiate business plans and capital budgeting decisions. Finally, they understand the various financing options, sources and procedures that are available for funding investments.
3 hours per week
This module is compulsory for students studying on the MA in Heritage Management.
Group assignment (3000 words) - 40%;
Examination - 60%
Ross, S., R. Westerfield & B. Jordan (2010) Essentials of Corporate Finance, 7th ed. Mcgraw Hill (RWJ);
Harvard Business Essentials (2003) Finance for Managers. Harvard Business Press (HBP)
See the library reading list for this module (Canterbury)
Students will be able to understand the key issues affecting finance decisions;
Students will be able to evaluate capital investment projects using different methodologies;
Students will be able to build simple budgets and financial forecasts;
Students will be able to understand various financing options, sources and procedures for funding investments
University of Kent makes every effort to ensure that module information is accurate for the relevant academic session and to provide educational services as described. However, courses, services and other matters may be subject to change. Please read our full disclaimer.
