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 FOOTBALL FINANCIAL REPORTING, ANALYSIS AND VALUATION
Code ACFI322
Coordinator Mr KMJ Maguire
Finance and Accounting
Kieran.Maguire@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2020-21 Level 6 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
ACFI107 INTRODUCTION TO ACCOUNTING AND FINANCE (NON-SPECIALIST); ACFI101 INTRODUCTION TO FINANCIAL ACCOUNTING 

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

     24

12

 48
Timetable (if known)     60 mins X 1 totaling 12
  		    120 mins X 1 totaling 24
60 mins X 1 totaling 12
  		 
Private Study 102
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 2: Written Unseen Examination Assessment Type: Written Exam Duration: 2 hours Weighting: 50% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty appl  2 hours    50       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 1: Coursework Assessment Type: Coursework Size: 2000 words Weighting: 50% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Ass  -2000 words    50       

Aims

This module aims to give students to develop an understanding of how financial transactions have an impact on football clubs, and the integration of finance into the success or otherwise of clubs. The module will attract students with an interest in the sport and provide them with an insight into how financial metrics in relation to clubs can be produced, and the valuation techniques used by investors when buying and selling clubs.

Learning Outcomes

(LO1) Students will be able to explain the contribution and inherent limitations of financial statements, apply the International Accounting Standards Board's (IASB) conceptual framework for financial reporting in relation to incorporated football clubs.

(LO2) Students will be able to prepare and present financial statements from business transactions for football clubs in corporate forms, in conformity with International Financial Reporting Standards (IFRS) and explain the application of IFRS to specified scenarios.

(LO3) Students will be able to measure the value of a football club using appropriate valuation methods.

(LO4) Students will be able to understand and apply football financial fair play rules, and the ethical responsibilities of clubs in adhering to these rules.

(S1) Problem solving skills

(S2) Numeracy

(S3) Commercial awareness

(S4) Organisational skills

(S5) IT skills

(S6) International awareness

(S7) Lifelong learning skills

(S8) Ethical awareness

Teaching and Learning Strategies

Teaching Delivery: Mixed, hybrid delivery with social distancing on campus

Teaching Method: Online Asynchronous Learning Materials
Unscheduled Directed Student Hours: 24
Attendance Recorded: No

Teaching Method: Tutorial
Scheduled Directed Student Hours: 12
Attendance Recorded: Yes
Notes: 12 x 1 hour tutorials

Teaching Method: Group Study
Description: Weekly 1 hour session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Student Hours: 12
Attendance Recorded: No

Self-Directed Learning Hours: 102
Description: Students are expected to familiarise themselves with the financial statements, reporting standards, financial metrics and valuation methods of football clubs that are covered in the learning materials and tutorial classes.

Costs Information:
No additional costs

There are the following non-modular requirement s:
It would be beneficial for students to have a working knowledge of Excel as spreadsheets are used extensively in this module.

Skills/Other Attributes Mapping

Skills / attributes: Problem solving skills
How this is developed: Lecture examples and discussion
Mode of assessment (if applicable): Examination

Skills / attributes: Numeracy
How this is developed: Lecture examples and discussion
Mode of assessment (if applicable): Coursework and Examination

Skills / attributes: Commercial awareness
How this is developed: Lecture examples and discussion
Mode of assessment (if applicable): Coursework and Examination

Skills / attributes: Organisational skills
How this is developed: Research and time management used for coursework
Mode of assessment (if applicable): Coursework

Skills / attributes: IT skills
How this is developed: Use of spreadsheet models for valuation purposes and ratio creation
Mode of a ssessment (if applicable): Coursework

Skills / attributes: International awareness
How this is developed: Use of football club financial statements from different countries
Mode of assessment (if applicable): Coursework and Examination

Skills / attributes: Lifelong learning skills
How this is developed: Problem solving, decision-making, spreadsheet and communication skills embedded into lectures and tutorials
Mode of assessment (if applicable): Coursework and Examination

Skills / attributes: Ethical awareness
How this is developed: Lectures, tutorials and class discussion
Mode of assessment (if applicable): Coursework and Examination

Syllabus
 

Prepare and interpret financial statements for a football club in compliance with international financial reporting standards.
Understand and apply the conceptual basis in relation to football related transactions such as commercial and television deals, player transfers and revenue recognition.
Understand and apply the concept of industry specific financial rules in the form of Financial Fair Play (FFP) and similar metrics.
Value a football club using a variety ofvaluation methods

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