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AC.F323: Professional Financial Analysis


Department: Accounting and Finance NCF Level: FHEQ/QCF/NQF6//RQF6
Study Level: Part II (final year) Credit Points: 15.0
Start Date: 02-10-2017 End Date: 15-12-2017
Available for Online Enrolment?: N Enrolment Restriction: Only available to students majoring in delivering department
Module Convenor: Dr M Subbiah

Syllabus Rules and Pre-requisites

  • The student must take 1 modules from the following group:

Curriculum Design: Outline Syllabus

  • The CFA Level 1 syllabus is wide ranging, covering materials on economics, statistics, financial reporting,various topics in finance and ethics.  To avoid overlaps with existing Lancaster modules, only some of these will be taught in this module but importantly, early in the module, Fitch will assess the students' existing knowldege of the areas not to be taught in order to ensure that remedial self-study via the on-line portal can be undertaken by any weaker students.

    The areas to be taught on the mdoule are:

    • Portfolio management
    • Equity market organisation
    • Equity market indices
    • Equity analysis and valuation
    • Fixed income instruments
    • Professional Ethics

     

Curriculum Design: Single, Combined or Consortial Schemes to which the Module Contributes

  • This module is aimed mainly at students on the BSc (Hons) in Finance.  However, if space permits, students on other the joint degrees in Finance and Economics and Financial Mathematics, or even other AcF department offerings, will be permitted to register. 

    Enrolment on this module will mean that students will be unable to take certain other modules due to overlap issues.

    All students enrolling for the course will need to have attained an average of 60%+ (i.e. 2i standard) by the end of year 2.  This is because the CFA exams are very demanding (pass rate <40%) and it would be unfair to allow less than adequately qualified students to start this course (and also waste the £1,000 exam fee).  I.e. a similar logic to that applied to those applying to go on exchange to the USA.

  • 100% Coursework

Assessment: Details of Assessment

  • As noted, the ultimate aim is to prepare the students for the CFA Level 1 examination. As is common wth professional examination courses, use is made of a progress test/mock examination both to check on knowledge and understanding but also to ensure that the necessary examination technique has been acquired.  The progress test and mock exmaination will be used to form the module mark.

    2106 update: progress tests to be designated as 'CWA', mock exam to be designated 'exam'.

Educational Aims: Subject Specific: Knowledge, Understanding and Skills

  • The aim of this module is to prepare students for the world of financial analysis as represented by the CFA level 1 examination.  As such, it will: 

    • Introduce and review the theories, methods and professional standards relating to financial analysis;
    • Help students apply the knowledge and skills developed during this and other modules to the investment problems encountered by professional financial analysts;
    • Build on Lancaster's existing CFA Program Partner status by supplementing CFA-related material contained in other modules with additional content designed to provide complete coverage of the CFA Level-1 syllabus;
    • Prepare students to sit and pass the December CFA Level-1 exam administered by the CFA Institute.

Educational Aims: General: Knowledge, Understanding and Skills

  • The aim of this module is to prepare students for the world of financial analysis as represented by the CFA level 1 examination.  As such, it will: 

    • Introduce and review the theories, methods and professional standards relating to financial analysis;
    • Help students apply the knowledge and skills developed during this and other modules to the investment problems encountered by professional financial analysts;
    • Build on Lancaster's existing CFA Program Partner status by supplementing CFA-related material contained in other modules with additional content designed to provide complete coverage of the CFA Level-1 syllabus;
    • Prepare students to sit and pass the December CFA Level-1 exam administered by the CFA Institute.

Learning Outcomes: Subject Specific: Knowledge, Understanding and Skills

  • On successful completion of this module students will: 

    • Be familiar with the CFA Level-1 exam syllabus;
    • Understand and be able to apply the fundamental quantitative techniques that form an essential component of most financial analysis;
    • Understand the role of financial reports in investment decision making and be able to read and analyse a set of published financial statements prepared under International Financial Reporting Standards;
    • Be able to follow and apply the principles firms employ when making investing and financing decisions;
    • Understand and apply the methods used by professional portfolio managers;
    • Understand how debt and equity securities are traded and valued, what constitutes a well-functioning securities market, and characteristics of alternative forms of investment securities available to investors;
    • Be prepared to sit and pass the CFA Level-1 exam scheduled for December.

Learning Outcomes: General: Knowledge, Understanding and Skills

  • On successful completion of this module students will: 

    • Be familiar with the CFA Level-1 exam syllabus;
    • Understand and be able to apply the fundamental quantitative techniques that form an essential component of most financial analysis;
    • Understand the role of financial reports in investment decision making and be able to read and analyse a set of published financial statements prepared under International Financial Reporting Standards;
    • Be able to follow and apply the principles firms employ when making investing and financing decisions;
    • Understand and apply the methods used by professional portfolio managers;
    • Understand how debt and equity securities are traded and valued, what constitutes a well-functioning securities market, and characteristics of alternative forms of investment securities available to investors;
    • Be prepared to sit and pass the CFA Level-1 exam scheduled for December.

Contact Information

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