Finance & Financial Reporting - MACT8260

Looking for a different module?

Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2024 to 2025
Combined Autumn and Spring Terms 7 15 (7.5) Ian Rogers checkmark-circle


This module provides an introduction to the principles of corporate finance and financial reporting. It is intended for students of Finance and 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.


Contact hours

Total contact hours: 60
Private study hours: 90
Total study hours: 150

Method of assessment

75% Examination, 25% Coursework

Indicative reading

Students on programmes: Postgraduate Diploma in Actuarial Science and International Masters in Applied Actuarial Science (Stage 1) are provided with the study notes published by the Actuarial Education Company for Subject CB1 – Finance and Financial Reporting.

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)

Learning outcomes

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.


  1. Credit level 7. Undergraduate or postgraduate masters level module.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
Back to top

University of Kent makes every effort to ensure that module information is accurate for the relevant academic session and to provide educational services as described. However, courses, services and other matters may be subject to change. Please read our full disclaimer.