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
Kieran.Maguire@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2023-24 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

 15

       3

 28
Timetable (if known)              
Private Study 72
TOTAL HOURS 100

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Individual assignment There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment.  0    80       
Individual video presentation. There is a resit opportunity. Standard UoL penalty applies for late submission. This is not an anonymous assessment.  5    20       

Aims

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) Students will be able to understand the conceptual basis of financial reporting.

(LO2) Students will be able to define the scope of responsibilities of organisations and their corporate governance arrangements and specify the role of financial resources within that context.

(LO3) Students will be able to define the resources available to an organisation.

(LO4) Students will be able to oPrepare and interpret basic financial statements in compliance with the international accounting standards IAS1 and IAS7.

(LO5) Students will be able to understand the tools of the management of financial resources in terms of, inter alia, financial reporting, management accounting and financial management.

(LO6) Students will be able to use financial models to analyse and predict financial performance.

(LO7) Students will be able to 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) Students will be able to demonstrate 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) Students will be able to 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

(S5) Presentation skills
The video assessment will give students the opportunity to present via digital mediums their understanding of financial resourcing.

(S6) Communication Skills
Students will be assessed through a variety of mediums including video communication, written and verbal in person. Classroom tasks will require skills to work within a diverse team of individuals to accomplish case study activities.

(S7) Digital IT Skills
Use of presentation software and spreadsheet packages for financial analysis and problem solving.

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.

Syllabus
 

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.