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 CORPORATE FINANCIAL MANAGEMENT FOR NON-SPECIALIST STUDENTS
Code ACFI213
Coordinator Dr J Poletti Hughes
Finance and Accounting
J.Poletti-Lau@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2023-24 Level 5 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
ACFI103 INTRODUCTION TO FINANCE 

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 24

 6

         30
Timetable (if known)              
Private Study 120
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 1: Written Examination Assessment Type: Written Exam, managed by SAS Duration: 2 hours Weighting: 80% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL pena  2    80       
Assessment 2: Online MCQ Assessment Type: Written exam, unseen, non managed by SAS Duration: 1 hour Weighting: 20% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL pe  1    20       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             

Aims

The aim of the module is to provide an introduction to financial markets and to contextualise the application of mathematical techniques.

Learning Outcomes

(LO1) Students will be equipped with the tools and techniques of financial management

(LO2) Students will be able to interpret and critically examine financial management issues and controversies.

(LO3) Students will attain the necessary knowledge to underpin the more advanced material on  Quantitative Business Finance.

(S1) Commercial awareness

(S2) Organisational skills

(S3) Problem solving skills

(S4) IT skills

(S5) International awareness

(S6) Numeracy

Teaching and Learning Strategies

Teaching Method: Lecture
Scheduled Directed Student Hours: 24
Attendance Recorded: No

Teaching Method: Seminars
Description: Biweekly practice questions will be discussed. In addition students are expected to ask questions, if any, related to learning materials and reading assignments.
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes

Self-Directed Learning Hours: 120

There are the following non-modular requirements:
Students will have a quantitative background from their Maths and Finance or e-Finance studies. This module cannot be taken alongside ACFI204

Skills Mapping

Skill: Commercial Awareness
How is this developed: Students develop commercial awareness by understanding how the world of corporate finance operates.
Mode of assessment (if applicable): Exam and Practical Assessment

Skill: Organisation Skills
How is this developed: Students develop organisation skills by participating in group di scussions in the seminar.
Mode of assessment (if applicable):

Skill: Problem Solving
How is this developed: Students develop problem-solving skills by practising numerical and essay-type questions discussed in seminars and lectures.
Mode of assessment (if applicable): Exam and Practical Assessment

Skill: IT Skills
How is this developed: Students develop IT skills by solving corporate finance-related questions using software such as Excel.
Mode of assessment (if applicable):

Skill: International Awareness
How is this developed: Students build up international awareness by understanding corporate finance knowledge in the global context.
Mode of assessment (if applicable):

Skill: Numeracy
How is this developed: Students develop numeracy skills by practising corporate finance formulas.
Mode of assessment (if applicable): Exam and Practical Assessment

Syllabus
 

An introduction to equities;
Time value of money application to equity pricing;
An introduction to bonds and a time value of money application to bond price;
Modelling asset prices and risk versus return;
Portfolio theory;
Asset pricing models;
Weighted average cost of capital and investment appraisal;
An introduction to FX markets;
An introduction to derivatives;
Hedging and speculation using futures and options;
Option pricing.

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