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 PRINCIPLES OF BUSINESS AND FINANCE
Code ACUL603
Coordinator

 
Year CATS Level Semester CATS Value
Session 2021-22 Level 5 FHEQ First 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 35

         2

 37
Timetable (if known)              
Private Study 63
TOTAL HOURS 100

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Written assessment There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :Semester one  2 hours    100       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             

Aims

To introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and financed, as well as the role of the accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.

Learning Outcomes

(LO1) Students will be able to understand the purpose and types of businesses and how they interact with key stakeholders and external environment.

(LO2) Students will be able to understand business organisation structure, functions and the role of corporate governance.

(LO3) Students will be able to recognise the function of accountancy, finance and audit in communicating, reporting and assuring financial information and in effective financial control and compliance.

(LO4) Students will be able to identify sources and methods of financing for businesses and individuals.

(LO5) Students will be able to recognise the principles of authority and leadership and how teams and individuals are recruited, managed, motivated and developed.

(LO6) Students will be able to understand the importance of personal effectiveness as the basis for effective team and organisational behaviour.

(LO7) Students will be able to recognise that all aspects of business and finance should be conducted in a manner which complies with and is in the spirit of accepted professional ethics and professional values.

(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 - Interactive lectures
Description: Full day lectures
Attendance Recorded: Yes
Notes: Modules have been timetabled in such a manner as to provide intensive periods of teaching alternated with periods for self-study and reflection. The direct student contact hours are substantial across the modules in order to ensure sufficient material coverage to secure planned professional body exam exemptions.

Teaching Method 2 - Formative Feedback (e.g. peer, revision sessions)
Description: Formative progress test
Attendance Recorded: Yes

Self-Directed Learning Description: Follow-up suggested work and wider reading

Syllabus
 

A) The business organisation, its stakeholders and the external environment B) Business organisation structure, functions and governance C) Accounting and reporting systems, controls and compliance D) Sources and methods of financing for business and individuals E) Leading and managing individuals and teams F) Personal effectiveness and communication G) Professional ethics in accounting and business Library resources will be accessible through 'Reading Lists @ Liverpool' Vital will be used to support the course. Practice 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.