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 GK Fairclough
Finance and Accounting
Graham.Fairclough@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2023-24 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 24

 8

       11

 43
Timetable (if known)              
Private Study 107
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 2: Midterm Assessment Type: Written Exam Duration: 1 hour Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies Anonymous Assessment:   1    30       
Assessment 1: Unseen Examination Assessment Type: Written Exam Duration: 2 hours Weighting: 70% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies A  2    70       
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: Lecture
Scheduled Directed Student Hours: 24
Attendance Recorded: Yes

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

Teaching Method : Group Study
Description: 1 hour session to foster student community and engagement by working with others on their ‘active learning’ activities.
Scheduled Student Hours: 11
Attendance Recorded: No

Self-Directed Learning Hours: 107
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: < br/>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 / attributes: 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 and 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.