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 | FINANCIAL MANAGEMENT FOR BUSINESS | ||
Code | ACFI205 | ||
Coordinator |
Mr A Gazi Finance and Accounting adnan.gazi@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2020-21 | Level 5 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 24 |
48 | ||||
Timetable (if known) |
120 mins X 1 totaling 24
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Private Study | 102 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 1: Written Timed Unseen Examination (Online) Assessment Type: Written Exam Duration: 2.5 hours Weighting: 85% Reassessment Opportunity: Yes Penalty for Late Submission: Standard | 2.5 hours | 85 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 2: Short Essay Assignment Assessment Type: Coursework Duration: 10 days Weighting: 15% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies A | 10 days | 15 |
Aims |
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The module aims to provide: a framework to understand the role of financial managers in the business and how financial management can support the decision making process of these managers; |
Learning Outcomes |
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(LO1) Students will be able to understand the role of finance in a business ; shareholder wealth maximisation principle and agency problem |
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(LO2) Students will be able to understand the role of financial statements in the planning process, calculate ratios and explain their significance and assess projected financial statements, risk and uncertainty. |
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(LO3) Students will be able to explain the nature, importance, key stages and methods of investment decision making, capital rationing and projects with unequal lives. |
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(LO4) Students will be able to identify the main sources of internal and external finance available to a business; discuss the factors to be considered when choosing an appropriate source of financing and explain the advantages and disadvantages of each source. |
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(LO5) Students will be able to calculate the weighted average cost of capital for a business and assess its usefulness when making investment decisions; calculate the degree of financial gearing for a business and explain its significance; evaluate different capital structure options available to a business. |
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(LO6) Students will be able to describe the nature of dividends and evaluate the arguments concerning their potential impact on shareholder wealth, describe some important issues (theories) on dividends and describe the factors determining the level of dividends. |
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(LO7) Students will be able to describe the shareholder value added (SVA) approach and explain its implications for the business management; explain market value added (MVA), economic value added (EVA), total shareholder return (TSA) approaches and discuss their roles in measuring and delivering shareholder's value. |
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(LO8) Students will be able to identify and discuss the main reasons for mergers and takeovers and discuss the advantages and disadvantages for each of the main forms of purchase consideration used in takeovers. |
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(S1) Global citizenship - Relevant economic/political understanding |
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(S2) Problem-solving skills |
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(S3) Commercial awareness |
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(S4) Organisational skills |
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(S5) Communication skills |
Teaching and Learning Strategies |
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Teaching Delivery: Mixed, hybrid delivery, with social distancing on campus. Teaching Method: Online Asynchronous Learning Materials Self-Directed Learning Hours: 102 Costs Information: There are the following non-modular requirements: This module is a pre-requisite for the following modules: Skills/Other Attributes Mapping Skills / attributes: Communication skills Skills / attributes: Organisational skills Skills / attributes: Commercial awareness Skills / attributes: Problem-solving skills Skills / attributes: Global citizenship - Relevant economic/political understanding |
Syllabus |
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Introduction to financial Management and review of the functions of finance; Financial planning and projected financial statements; |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |