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 Managerial Finance
Code ULMS870
Coordinator Dr M Ren
Finance and Accounting
Helen.Ren@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2022-23 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 12

 12

       6

 30
Timetable (if known) 120 mins X 1 totaling 12
  		120 mins X 1 totaling 12
  		      60 mins X 1 totaling 6
  		 
Private Study 120
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): First Semester  2    70       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Group assignment. There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): First Semester  0    30       

Aims

A framework to allow understanding of the role of accounting and finance in management and business and of the information provided by accounting and finance to support decision making by managers;

An understanding of the basic principles of accounting and finance;

An understanding of the basic techniques of preparation of accounting and finance information;

An understanding of the fundamentals of financial management and finance;

An understanding of the use of accounting and finance information in managerial decision-making;

An understanding of the relationships between accounting and finance and other management disciplines;

To introduce students to alternative and traditional forms of finance;

An understanding of why initiatives such as crowd funding are growing areas of the new financial landscape.

Learning Outcomes

(LO1) Demonstrate an understanding of the role of accounting and finance in management and business and of the information provided by accounting and finance to support decision making by managers;

(LO2) Articulate the basic principles of accounting and finance;

(LO3) Demonstrate an understanding of the fundamentals of financial accounting systems;

(LO4) Demonstrate an understanding of the fundamentals of financial management and finance;

(LO5) Undertake basic techniques of preparation of accounting and finance information;

(LO6) Demonstrate an understanding of the use of accounting and finance information in managerial decision-making;

(LO7) Demonstrate an understanding of the links between accounting and finance and other managerial activity;

(LO8) Explain why an alternative finance market has become fundamental to an entrepreneurial economy.

(S1) Problem solving. Students will develop problem solving skills by using worked examples/case studies in lectures and class discussion.

(S2) Numeracy. Students will develop numeracy by doing practice exercises.

(S3) Commercial awareness. Students will develop commercial awareness by using worked examples/case studies in lectures and class discussion.

Teaching and Learning Strategies

2 hour lecture x 6 weeks
2 hour seminar x 6 weeks
1 hour group learning x 6 weeks
120 hours self-directed learning

Syllabus
 

1. What is accounting and finance? Why does it matter?

2. Financial statements:

Why financial statements?
The statement of financial position;
The income statement;
The cash flow statement;
Ratio analysis of financial statements;
Financial planning and forecasting;
Working capital management;
Summing up.

3. The time value of money:

Valuing stream of cash flows: lump sum and multiple;
Making investment decisions;
What is capital investment appraisal and why is it important?
Investment appraisal methods;
Net present value (NPV);
Payback period (PP)
Internal rate of return (IRR);
Summing up.

4. Financing a business (the art of raising money):

Financing for start-ups;
Angel investors;
Venture capital firms;
Bootstrapping;
The rise of crowdfunding;
Peer-to-peer lending and the rise of Crypto Assets;
Taking your firm public: the initial public offering (IPO);
Debt financ ing;
Other forms of internal and external financing;
Summing up.

5. Wrapping it up

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