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 FINANCIAL STRATEGY
Code ACUL705
Coordinator

 
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ Second Semester 10

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

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 84

         2.5

 86.5
Timetable (if known)              
Private Study 13.5
TOTAL HOURS 100

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Examination There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): Semester 2  2.5 hours    80       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Mid-term test Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): Semester 2  1.5 hours    20       

Aims

This module aims to enable students to:

Establish the costs associated with the production of costs and provision of services and use them to determine prices;

Select the appropriate budgeting approaches and methods, and prepare budgets;

Identify key features of effective performance management systems, select appropriate performance measures and calculate differences between actual performance and standards or budgets;

Identify and calculate relevant data for use in management decision-making;

Identify and explain ethical issues relating to the preparation and interpretation of financial information for the management of a business;

Identify the capital requirements of businesses, assess financing options and recommend relevant methods for financing business;

Identify the financial risks facing a business and the principal methods of managing those risks;

Apply appropriate investment appraisal techniques taking into account other factors affecting investment decisions, and calculate the value of shares and businesses;

Evaluate the ethical implications of an entity's financial strategy including those for the organisation, individuals and other stakeholders, and suggest appropriate courses of action to resolve ethical dilemmas that may arise.

Learning Outcomes

(LO1) Establish the costs associated with the production of products and provision of services and use them to determine prices;

(LO2) Select appropriate budgeting approaches and methods and prepare budgets;

(LO3) Identify key features of effective performance management systems, select appropriate performance measures and calculate differences between actual performance and standards or budgets;

(LO4) Identify and calculate relevant data for use in management decision-making;

(LO5) Identify and explain ethical issues relating to the preparation, presentation and interpretation of financial information for the management of a business;

(LO6) Identify capital requirements of businesses, assess financing options and recommend relevant methods of financing;

(LO7) Identify the financial risks facing a business and the principal methods of managing those risks;

(LO8) Apply appropriate investment appraisal techniques taking into account other factors affecting investment decisions, and calculate the value of shares and businesses;

(LO9) Evaluate the ethical implications of an entity’s financial strategy (including those for the organisation, individuals and other stakeholders) and suggest appropriate courses of action to resolve ethical dilemmas that may arise.

(S1) Adaptability

(S2) Problem solving

(S3) Numeracy

(S4) Commercial awareness

(S5) Organisational skills

(S6) Communication skills

(S7) International awareness

(S8) Lifelong learning

(S9) Ethical awareness

Teaching and Learning Strategies

Lectures x 84 hours
Lectures will be delivered in full day blocks. A full day block of lectures involves the student attending class from 9am to 4.30pm with breaks. The day involves a range of activities which can include lectures, guided scenario and question practice, group work and open discussion on relevant business areas. Full day contact with academic staff therefore provides the opportunity for students to interact with each other and with academic staff, to work in teams and receive real time guidance.

Formative Progress Test x 2.5 hours
Unscheduled directed student hours (time spent away from the timetabled sessions but directed by the teaching staff).

Self-directed learning hours x 13.5
Self-directed learning includes wider reading on the related topic areas from academic and professional journals and the financial press, reflection on lecture content and sourcing and attempting scenario-based exercises. Structured preparation for mid-term tests a lso requires self-directed learning.

Syllabus
 

1. Costing and pricing;

2. Budgeting and forecasting;

3. Performance management;

4. Management decision-making;

5. Financing options;

6. Managing financial risk;

7. Investment decisions and valuations;

8. Ethics.

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