ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title BUSINESS AND MANAGEMENT
Code ACFI151
Coordinator Mr MN Drape
Finance and Accounting
N.Drape@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2019-20 Level 4 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
ACFI204 FINANCIAL MANAGEMENT; ACFI314 QUANTITATIVE BUSINESS FINANCE; ACFI304 BUSINESS FINANCE 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours           6

23.5

 29.5
Timetable (if known)              
Private Study 120.5
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 1: Business Simulation Game Assessment Type: Practical Assessment Duration: 4-5 weeks in the semester Weighting: 50% Reassessment Opportunity: Yes Penalty for Late Submission: Standard  4-5 weeks during the    50       
MidAssessment 2: Mid-Term Test Assessment Type: Written Exam Duration: 1 hour Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies Anonymous Ass  60 minutes    30       
Assessment 3: Reflective Log Assessment Type: Coursework Size: 1000-1500 words Weighting: 20% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies Anonymous As  1000-1500 words    20       

Aims

The module aims to provide students with an understanding of how businesses operate within a changing business environment .

Learning Outcomes

(LO1) Students will be able to understand and assess the business environment.

(LO2) Students will be able to specify the nature and characteristics of different forms of business ownership.

(LO3) Students will be able to identify how organisations are managed in terms of organisation and operations 

(LO4) Students will be able to understand the role and importance of human resources to business success. 

(LO5) Students will be able to identify the changing role of marketing to satisfy customer needs 

(LO6) Students will be able to appreciate how finance and investment allows businesses to grow.

(S1) Commercial awareness

(S2) Communication skills

(S3) Teamwork

(S4) Organisational skills

(S5) IT skills

(S6) Lifelong learning skills

(S7) Problem solving skills

Teaching and Learning Strategies

Teaching Method 1 - Flipped classroom and lectures (Large Group Teaching)
Description: The students will be given directed learning from the e-book to work through, with a structured timetable of when each chapter needs to be completed by. This will be supported by lecturer's notes and short recordings by the lecturer on the topics within the book, as well as podcasts that debrief questions attempted. The students will then be tested through quizzes and other activities when they attend the fortnightly seminars related to the topics from the previous weeks and their progress monitored to ensure that they are keeping on top of their studies and understanding the content.
Scheduled Directed Student Hours: 23.5
Unscheduled Directed Student Hours: Students will be directed to work within teams on the business simulation game (see assessments) outside of lecture time, which will help demonstrate the application of what is covered within lectures.
Attendance Recorde d: Yes

Teaching Method 2 - Workshop
Description: Workshop time will be working within teams on assessment-based activities.
Scheduled Directed Student Hours: 6
Unscheduled Directed Student Hours: Students will be directed to work within teams on the business simulation game (see assessments) outside of tutorial time.
Attendance Recorded: Yes

Self-Directed Learning Hours: 120.5
Description: The module will be assessed through the use of a team-based activity (a business simulation game), which will require students to work outside of class on a regular basis throughout the semester. This should allow students to apply the knowledge gained in lectures to simulated business situations. The module will also be assessed through the use of a mid-term exam. This will ensure that the students have consolidated their personal knowledge gained in lectures and through group work.

Costs Information:
There are no specific costs attached to this module.

This module is a pre-requisite for the following modules:
ULMS226, ULMS252, and ULMS366

Skills/Other Attributes Mapping

Skill/Other Attribute: Commercial awareness
How this is developed: Through lectures and assessments.
Mode of Assessment (if applicable): Business Simulation game and Mid-term Examination.

Skill/Other Attribute: Communication skills
How this is developed: Through lectures and assessments.
Mode of Assessment (if applicable): Business Simulation game, Mid-term Examination and Reflective Log.

Skill/Other Attribute: Teamwork
How this is developed: Through lectures and assessments.
Mode of Assessment (if applicable): Business Simulation game.

Skill/Other Attribute:Organisational skills
How this is developed: Through lectures and assessments.
Mode of Assessment (if applicable): Business Simulation game, Mid-term Examination and Reflective Log.

Skill/Other Attribute: IT skills
Ho w this is developed: Through assessments
Mode of Assessment (if applicable): Business Simulation game.

Skill/Other Attribute: Lifelong learning skills
How this is developed: Through assessments.
Mode of Assessment (if applicable): Reflective Log.

Skill/Other Attribute: Problem solving skills
How this is developed: Through lectures and assessments.
Mode of Assessment (if applicable): Business Simulation game, Mid-term Examination and Reflective Log.

Syllabus
 

The syllabus content will cover the following key areas:
1) The Business Environment
2) Business Ownership & Entrepreneurship
3) Management & Organisation
4) Human Resources
5) Marketing
6) Finance & Investment


Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.