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 2018-19 Level 6 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
ACFI101OR; ACFI107 It would be beneficial for students to have a working knowledge of Excel as spreadsheets are used extensively in this module. 

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:
NZ00 BA Accounting and Finance year 3; N401 BA Accounting and Finance with a Year in Industry year 4; NX00 BA Business Management year 3; NX01 BA Business Management with a Year in Industry year 4; LZ00 BSc Economics year 3; L101 BSc Economics with a Year in Industry year 4; LN11 BA Business Economics year 3; LN12 BA Business Economics with a Year in Industry year 4

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 24
Large group face-to-face teaching
  12
Online tutorial sessions
      36
Timetable (if known) 12 x 2 hour lectures
  		  12 x 1 hour tutorials
  		       
Private Study 114
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Unseen Written Exam  120  Semester two  50  Yes    Examination Notes (applying to all assessments) The coursework is intended to allow students to construct a professional and comprehensive analysis of a football club from a financial and investment perspective. It will require research, analysis, problem-solving and decision-making skills, all of which are transferrable into the workplace. Feedback will be provided in written form. The exam will assess an understanding of the course content and assess whether students possess both knowledge and application skills in relation to the topics covered during lectures. 
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Coursework  2000 words  Semester two  50  Yes  Standard UoL penalty applies  Coursework 

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

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.

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.

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

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

Teaching and Learning Strategies

Lecture - Large group face-to-face teaching

12 x 2 hour lectures

Tutorial - Online tutorial sessions

12 x 1 hour tutorials

Syllabus
1 

  • 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 of valuation methods

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

Name, author and edition of text

Is this a key text or a recommended text?

Other information (see bullet points in guidance notes above)

A student guide to IFRS (3rd edition) Clare Finch

Recommended

 

Deloitte Annual Review of Football Finance 2016

Key

Online s ummary can be obtained from deloitte.co.uk