This module is not currently running in 2024 to 2025.
This module provides an introduction to the principles of corporate finance and financial reporting. It is intended for students of Actuarial Science
The syllabus introduces and develops the concepts and elements of corporate finance including a knowledge of the instruments used by companies to raise finance and manage financial risk, introduces the concepts and techniques of financial accounting and enables students to understand and interpret critically financial reports of companies and financial institutions including financial statements used by pension funds and insurance companies
This module will cover a number of syllabus items set out in Subject CB1 – Business Finance published by the Institute and Faculty of Actuaries.
(This is a dynamic syllabus, changing regularly to reflect current practice.)
Total contact hours: 60
Private study hours: 90
Total study hours: 150
70% examination, 30% coursework
Students are provided with the study notes published by the Actuarial Education Company for Subject CB1 – Business Finance.
The following may be used for background reading:
Anne Britton, Christopher Waterston, Financial Accounting (5th edition), Pearson, 2009
Richard Brealey, Stewart Myers, Franklin Allen, Principles of Corporate Finance (12th Edition, International Student Edition), McGraw Hill 2016
Geoffrey Holmes, Alan Sugden, Paul Gee, Interpreting Company Reports and Accounts (10th edition), Prentice Hall 2008
See the library reading list for this module (Canterbury)
The intended subject specific learning outcomes. On successfully completing the module students will be able to:
1 demonstrate systematic knowledge, understanding and critical awareness of the theory related to core principles in corporate finance and financial reporting;
2 demonstrate comprehensive understanding of the complex techniques applicable to solve problems in corporate finance and financial accounting;
3 demonstrate an appreciation of recent developments and methodologies in corporate finance and financial accounting and the links between the financial theories and
their practical application and to critically evaluate such methodologies.
The intended generic learning outcomes. On successfully completing the module students will be able to:
1 use a logical mathematical approach to solve complex problems including cases where information/data is not complete;
2 communicate material competently in writing to both technical and non-technical audiences;
3 apply skills in time management, organisation and studying so that tasks can be planned and implemented at a professional level.
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