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 FINANCE
Code ACFI304
Coordinator Mr GS Brown
Finance and Accounting
Gavin.Brown2@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 6 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

ACFI204 FINANCIAL MANAGEMENT 

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 12

6

      12

6

36
Timetable (if known) 60 mins X 1 totaling 12
 
60 mins X 1 totaling 12
 
      120 mins X 1 totaling 24
60 mins X 1 totaling 6
 
 
Private Study 114
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 1: Written Unseen Examination Assessment Type: Written Exam Duration: 2 hours Weighting: 80% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Appl  2 hours    80       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 2: Mid-Term Assessment Type: Coursework Duration: 40 Minutes Weighting: 20% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies Anonymous A  40 minutes    20       

Aims

To provide students with a fundamental understanding of the core theoretical and empirical aspects involved in corporate finance. The course aims to build transferrable skills of students by concentrating on the fundamental theoretical and empirical principles.


Learning Outcomes

(LO1) Understand the principles of bonds and stocks valuation.

(LO2) Assessment of the term structure of interest rates

(LO3) Develop understanding of emperical and theoretical aspects of capital budgeting under uncertainty, market efficiency

(LO4) Understand portfolio theory, asset pricing models (CAPM,APT), and portfolio management.

(LO5) Develop understanding of issues involved in Capital Structure and Dividend policy .

(LO6) Understand the principles and practices involved in leasing, mergers and acquisitions

(LO7) Understand the functions and valuation principle of options, futures, warrants and convertibles.

(S1) Problem solving skills

(S2) Numeracy

(S3) Commercial Awareness

(S4) Communication skills


Teaching and Learning Strategies

Teaching Method: Online Asynchronous Learning Material
Scheduled Directed Student Hours: 12
Attendance Recorded: No

Teaching Method: Synchronous Lecture
Scheduled Directed Student Hours: 12
Attendance Recorded: No

Teaching Method: Seminar
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes

Teaching Method: Group Study
Description: Biweekly one hour session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Student Hours: 6
Attendance recorded: No

Self-Directed Learning Hours: 114
Description: Self-Directed Learning will include research activity, developing academic writing skills, and wider reading to support the module

Costs Information:
Students may wish to purchase the core text at a cost of £53.99.

This module is a pre-requisite for the following modules:
ACFI341
ACFI342

Skills/Other Attribu tes Mapping

Skills / attributes: Communication skills
How this is developed: Lectures
Mode of assessment (if applicable): Examination and Mid-term

Skills / attributes: Commercial Awareness
How this is developed: Lectures
Mode of assessment (if applicable): Examination and Mid-term

Skills / attributes: Numeracy
How this is developed: Lectures
Mode of assessment (if applicable): Examination and Mid-term

Skills / attributes: Problem solving skills
How this is developed: Lectures
Mode of assessment (if applicable): Mid-Term


Syllabus

 

Topics being covered over 12 weeks (In no particular order):
1) Bond & stock valuation; term structure of interest rates; raising finance
2) Capital budgeting and risk; theory and empirical evidence
3) Capital structure and dividend policy: theories and empirical evidences
4) Fundamentals of portfolio risk and return
5) Asset pricing (CAPM and APT) – theories and empirical evidence
6) Portfolio management and performance evaluation
7) Leasing Contracts; mergers and acquisitions
8) Understanding and Valuing Options;
9) Application of Options: Example Interest Rate Risk Management
10) Revision session & Module Evaluation


Recommended Texts

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