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 Managing Financial Resources
Code ULMS701
Coordinator Mr KMJ Maguire
Finance and Accounting
Year CATS Level Semester CATS Value
Session 2022-23 Level 7 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 10



Timetable (if known) 120 mins X 1 totaling 10
180 mins X 1 totaling 15
      36 mins X 1 totaling 3
Private Study 72


EXAM Duration Timing
% of
Penalty for late
CONTINUOUS Duration Timing
% of
Penalty for late
Individual assignment There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): 1    100       


The module aims to provide students with an understanding of:

The responsibilities of organisations to various stakeholders;

The context of financial information requirements, a conceptual framework for financial reporting;

Key financial statements of companies consistent with recognition and presentation in IAS1 and IAS7;

Interpretation of financial statements;

How financial modelling can be used in decision making by management;

How management plan for and exercise control of financial resources;

Financial decision making;

How major capital resource decisions are made to optimise shareholder wealth;

How and from where business can raise capital.

Learning Outcomes

(LO1) Understand the conceptual basis of financial reporting;

(LO2) Define the scope of responsibilities of organisations and their corporate governance arrangements and specify the role of financial resources within that context;

(LO3) Define the resources available to an organisation;

(LO4) Prepare and interpret basic financial statements in compliance with the international accounting standards IAS1 and IAS7;

(LO5) Understand the tools of the management of financial resources in terms of, inter alia, financial reporting, management accounting and financial management;

(LO6) Use of financial models to analyse and predict financial performance;

(LO7) Demonstrate an awareness of how key theoretical models and the management accounting framework can support financial decision making in relation to costing, budgeting, performance evaluation and financial reporting;

(LO8) Develop a comprehensive understanding of theories and the application of techniques in finance and financial management to support company valuation and resource management of a business;

(LO9) Utilise financial data to analyse decision alternatives and identify consequences for profitability as well as all stakeholders.

(S1) Problem solving skills

(S2) Numeracy

(S3) Commercial awareness

(S4) Ethical awareness

Teaching and Learning Strategies

2 hour lecture x 5 weeks
3 hour seminar x 5 weeks
36 minutes asynchronous or peer to peer directed learning x 5 weeks
72 hours self-directed learning

Students are provided with reading that is used in the lecture programme. This varies from one year to the next. Additional reading and learning resources (spreadsheets, financial modelling material) are provided to support student learning.



Definitions of organisations and their stakeholders;

The context of financial reporting – a conceptual framework;

Key financial statements: income statements, balance sheet, cash flow statements;

Presentation of financial statements;

Ratio analysis and introduction to financial interpretation;

Introduction to management accounting;

Cost management concepts and cost behaviour;

Short term financial decision making;

Financial modelling;

The role of budgets and budgeting in organisational objectives including cash budgets;

An introduction to the financing of businesses;

The time value of money and optimising financial decisions over time;

Capital budgeting decisions;

Dealing with risk: sensitivity and scenario analysis.

Recommended Texts

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