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 INTRODUCTION TO FINANCE
Code ACFI103
Coordinator Mr MN Drape
Finance and Accounting
N.Drape@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 4 FHEQ Second 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   8

      6

12

12

38
Timetable (if known)   60 mins X 1 totaling 8
 
      60 mins X 1 totaling 6
120 mins X 1 totaling 24
60 mins X 1 totaling 12
 
 
Private Study 112
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 1: Online Unseen Examination Assessment Type: Written Exam Duration: 2 hours Weighting: 100% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Appl  2 hours    100       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             

Aims

This module aims:
to introduce the students to finance.
to provide a firm foundation for the students to build on later on in the second and third years of their programmes, by covering basic logical and rational analytical tools that underpin financial decisions  


Learning Outcomes

(LO1) Understand the goals and governance of the firm, how financial markets work and appreciate the importance of finance.

(LO2) Understand the time value of money.

(LO3) Understand the determinants of bond yields.

(LO4) Recognize how stock prices depend on future dividends and value stock prices.

(LO5) Understand net present value rule and other criteria used to make investment decisions.

(LO6) Understand risk, return and the opportunity cost of capital.

(LO7) Understand the risk-return tradeoff, and know the various ways in which capital can be raised and determine a firm's overall cost of capital.

(LO8) Know different types of options, and understand how options are priced.

(S1) Problem solving skills

(S2) Numeracy

(S3) Commercial awareness

(S4) Teamwork

(S5) Organisational skills

(S6) Communication skills

(S7) IT skills

(S8) International awareness

(S9) Lifelong learning skills

(S10) Ethical awareness


Teaching and Learning Strategies

Teaching Method - Online Asynchronous Learning Materials
Description: Asynchronous sessions delivered via the VLE. Sessions will be chunked in to 20-30 min.
Unscheduled Directed Student Horus: 12
Attendance Recorded: No

Teaching Method: Large Group Teaching
Scheduled Directed Student Hours: 12
Attendance Recorded: Yes

Teaching Method - Seminar
Scheduled Directed Student Hours: 8
Attendance Recorded: Yes

Teaching Method : Group Study
Description: Bi-weekly 1 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: 112
Description: These independent learning hours are aimed at supporting the directed student learning. The module leader will provide guidance in the form of suggested readings and topics to examine with the expectation that students are well prepared to contribute to the tutorial activities and to understand the content of learning materials. Self-Directed Learning will include research activity, developing academic writing skills, and wider reading to support the module

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

This module is a pre-requisite for the following modules:
ACFI204, ACFI205, ACFI213, ACFI290, ACFI320, and ECON233

Skills/Other Attributes Mapping

Skills / attributes: Ethical awareness
How this is developed: Lecture 2
Mode of assessment (if applicable): Written Unseen Examination

Skills / attributes: Lifelong learning skills
How this is developed: Students are made aware on how to apply the knowledge in the future.
Mode of assessment (if applicable)

Skills / attributes: International awareness
How this is developed: Lecture 2
Mode of assessment (if applicable): Written Unseen Examination

Skills / attr ibutes: IT skills
How this is developed: Use of electronic sources
Mode of assessment (if applicable)

Skills / attributes: Communication skills
How this is developed: Through presentation of answers
Mode of assessment (if applicable)

Skills / attributes: Organisational skills
How this is developed: Students are required to answer workshop questions prior to the schedule time
Mode of assessment (if applicable)

Skills / attributes: Teamwork
How this is developed: Answering exercises as teams in workshops
Mode of assessment (if applicable)

Skills / attributes: Commercial awareness
How this is developed: Most lectures
Mode of assessment (if applicable): Written Unseen Examination

Skills / attributes: Numeracy
How this is developed: Most lectures and workshops
Mode of assessment (if applicable): Written Unseen Examination

Skills / attributes: Problem solving skills
How this is developed: Most lectures an d workshops
Mode of assessment (if applicable)


Syllabus

 

Introduction
Goals and governance of the firm / Financial markets and institutions
Time value of money
Valuing bonds
Valuing stocks
Net present value and other investment criteria
Introduction to risk, return and capital budgeting
Cost of capital
Options


Recommended Texts

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