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 Finance
Code EXED524
Coordinator Mr KMJ Maguire
Finance and Accounting
Kieran.Maguire@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ Second Semester 15

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

EXED521 Leadership 

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 7.5

        10

7.5

7.5

7.5

5

45
Timetable (if known)              
Private Study 105
TOTAL HOURS 150

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
Class Test  120 minutes    50       
Group Presentation (narrated slide deck) and 1000 word written summary report  20 minutes    50       

Aims

This module aims to develop students’ ability to identify main challenges and tools in the field of Finance and is designed to develop their expertise in problem solving, numeracy and commercial awareness. It is intended as a finance for non-financial manager module which will take students through to a level of understanding that will allow them to engage confidently with finance professionals. The module aims to provide:

A framework to allow understanding of the role of accounting and finance in management and business and of the information provided by accounting and finance to support decision making by managers.

An understanding of the basic principles of accounting and finance.
An understanding of the basic techniques of preparation of accounting and finance information.
An understanding of the fundamentals of costing and costing systems.
An understanding of the fundamentals of financial accounting systems.
An understanding of the fundame ntals of financial management and finance.
An understanding of the use of accounting and finance information in managerial decision-making.
An understanding of the relationships between accounting and finance and other management disciplines.


Learning Outcomes

(LO1) Measure and report financial position and performance.

(LO2) Understand the use of key financial instruments.

(LO3) Understand costing and budgeting methods and techniques.

(LO4) Evaluate and make capital investment decisions.

(LO5) Measure and Control Performance.

(S1) Problem Solving

(S2) Numerate

(S3) Commercially Aware

(S4) Organised and able to work under pressure

(S5) Team Player

(S6) IT Literate

(S7) Ethically Aware

(S8) A lifelong learner


Teaching and Learning Strategies

Online (synchronous and asynchronous)

Case based learning (asynchronous online) x 7.5 hours
Case based learning (synchronous online) x 7.5 hours
Lecture (asynchronous online) x 7.5 hours
Lecture (synchronous either face to face or online) x 7.5 hours
Practical (asynchronous online) x 10 hours
Practical (synchronous either face to face or online) x 5 hours
Self-directed learning x 105 hours

Lectures are no longer than one hour blocks and will provide students with the opportunities to engage and discuss.

A range of different examples will allow students to analyse accounting data and its analysis and use in different business situations.

These can be used interchangeably with accounting data to allow students to apply their learning to different situations and to reflect on what they learn by doing so.

Students will be expected to complete schedule directed module pre-reading, to prepare for some exercises, tasks and assessments d uring the module and to research, develop and write a final written assessment. In addition to the suggested readings, students might be expected to develop their own reading, research and preparation of topics in preparation of the final assessment.


Syllabus

 

Key topics:

Introduction to the module and introduction to accounting and finance.
Measuring and reporting financial position and performance
Accounting for limited companies and groups
Measuring and reporting cash flows
Analysing and interpreting financial statements
Relevant costs for decision making.
Full costing.
Costing and pricing in a competitive environment.
Budgeting.
Accounting for control
The cost of capital and capital structure
Making capital investment decisions
Managing working capital.
Measuring and controlling divisional performance.
Strategic management accounting

Materials will be made available to students via VITAL and students will also be expected to read additional materials from the suggested and required reading list using online library resources


Recommended Texts

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