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Module

ACC1052 : The Financial Environment

  • Offered for Year: 2020/21
  • Module Leader(s): Dr Rob Jones
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
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
Structured Guided LearningLecture materials182:0036:00N/A
Guided Independent StudyAssessment preparation and completion301:0030:00N/A
Guided Independent StudyDirected research and reading661:0066:00N/A
Guided Independent StudySkills practice321:0032:00N/A
Structured Guided LearningStructured research and reading activities181:0018:00non synchronous guided learning
Scheduled Learning And Teaching ActivitiesSmall group teaching81:008:00N/A
Scheduled Learning And Teaching ActivitiesDrop-in/surgery180:309:00Whole module moderated discussion/Q&A
Scheduled Learning And Teaching ActivitiesModule talk11:001:00Introduction to module (whole group)
Total200:00
Teaching Rationale And Relationship

Lectures will be used to introduce and develop material. Small group sessions will be used to introduce case studies which students can then use to develop skills of team-working and communication. These skills will be demonstrated 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 to students across all teaching.

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
Formative Assessments
Description Semester When Set Comment
Written exercise1MQ and A and review of written exercise in class
Written exercise2MQ and A and review of written exercise in class
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