Undergraduate

modules

Modules

ACC1052 : The Financial Environment

Semesters
Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0

Aims

The module aims to provide an introduction to the financial system and some of the main types of financial institution that operate within that system. It differs from other modules that examine finance as it looks at the subject from the broader perspective of the financial environment rather than the narrower perspective of individual companies and their financing. It provides a foundation for the further study of finance in the third and fourth years of the programme as well as covering material relevant to the ICAEW Professional Level modules in Banking and Insurance. The module examines relevant concepts and principles rather than being computation based. The module also has a skills development element, including communication, teamwork and ethical awareness thereby contributing to the development of skills relevant to professional practice and helping to prepare students for the professional placements in stages two to four.

Outline Of Syllabus

•       Key Elements of the Financial System
•       Fundamental Concepts including Risk and Return, Liquidity and Capital
•       The Inter-relationship between Financial Institutions, Financial Markets and the Wider Economy
•       The Business Activities of Major Financial Institutions and Markets, particularly Banking and Insurance
•       Development of Skills Relevant to Professional Practice

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion651:0065:00N/A
Scheduled Learning And Teaching ActivitiesLecture182:0036:00N/A
Guided Independent StudyDirected research and reading651:0065:00N/A
Guided Independent StudySkills practice341:0034:00N/A
Total200:00
Teaching Rationale And Relationship

Lectures will be used to introduce and develop material. An inter-active approach will be used where students are encouraged to participate in discussion and to consolidate their learning by working in groups in class and by giving presentations. Skills of team-working and communication will be developed through the preparation of a group presentation which will comprise 25% of the assessment of the module. Specific guidance on the development of relevant skills will be given in class.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
Written Examination1202A75N/A
Other Assessment
Description Semester When Set Percentage Comment
Prof skill assessmnt2M25N/A
Assessment Rationale And Relationship

The module provides an introduction to the financial system and some of the main types of financial institutions that operate within the system. It also has a skills element contributing to the development of skills relevant to professional practice and helping to prepare students for the professional placements in stages two to four. These two elements form the basis of the assessment. Knowledge, understanding and application of concepts and principles will be assessed in a written examination. The development of relevant skills will be assessed in a group presentation. The presentation topic will require students to demonstrate knowledge and understanding of relevant subject material.

Reading Lists

Timetable