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 FINANCE AND FINANCIAL REPORTING
Code ACUL791
Coordinator Mr BC Wheaton
Finance and Accounting
Ben.Wheaton@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ First Semester 15

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 49

          49
Timetable (if known)              
Private Study 101
TOTAL HOURS 150

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 one  3 hours    100       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             

Aims

The aim of the Finance and Financial Reporting subject is to provide a basic understanding of corporate finance including a knowledge of the instruments used by companies to raise finance and manage financial risk and to provide the ability to interpret the accounts and financial statements of companies and financial institutions. An understanding of the concepts of taxation and managerial decision making are also introduced and developed.


Learning Outcomes

(LO1) Students will be able to demonstrate a knowledge and understanding of the principal terms in use in investment and asset management

(LO2) Students will be able to demonstrate an awareness of they key principles of finance

(LO3) Students will be able to describe the structure of a joint stock company and the different methods by which it may be financed

(LO4) Students will be able to describe the basic principles of personal and corporate taxation

(LO5) Students will be able to demonstrate a knowledge and understanding of the characteristics and the principle forms of financial instrument issued or used by companies and the ways in which they may be used

(LO6) Students will be able to discuss the factors to be considered by a company when deciding on its capital structure and dividend policy

(LO7) Students will be able to define what is meant by a company's cost of capital and discuss how its cost of capital interacts with the nature of the investment projects it undertakes

(LO8) Students will be able to describe the major types of financial institution operating in the financial markets

(LO9) Students will be able to describe the basic construction of accounts of different types and the role and principal features of the accounts of a company

(LO10) Students will be able to interpret the accounts of a company or a group of companies and discuss the limitations of such interpretation

(S1) Adaptability

(S2) Problem solving skills

(S3) Numeracy

(S4) Commercial awareness

(S5) Organisational skills

(S6) Communication skills

(S7) International awareness

(S8) Lifelong learning skills

(S9) Ethical awareness


Teaching and Learning Strategies

Teaching Method 1 - Lecture
Description: Full day lectures
Attendance Recorded: Yes


Syllabus

 

1) Key terminology used in investment and asset management 2) Key principles of finance 3) Company structures and methods of finance 4) Principles of personal and corporate taxation 5) Financial instruments 6) Capital structure and dividend policy 7) Cost of capital 8) Financial institutions 9) Accounting for companies 10) Interpretation for company financial statements 11) Investment appraisal techniques Library resources will be accessible through 'Reading Lists @ Liverpool' Vital will be used to support the course. Practise question and solutions will be provided.


Recommended Texts

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