The aim of this module is to develop student understanding of key topics in financial theory as a basis for further studies in finance. The primary focus of this introductory module is on discounted cash flow techniques, and their application to corporate finance.

The aim of this module is to develop student understanding of key topics in financial theory as a basis for further studies in finance. The primary focus of this introductory module is on discounted cash flow techniques, and their application to corporate finance. This module introduces the concept of the time value of money, and the key methods of project appraisal including the net present value method, the payback period, the book rate of return, internal rate of return, profitability indices, etc. Qualitative aspects of capital budgeting and investments are also examined. The various financial assets and markets are introduced. The concept of market efficiency and the link between risk and return are illustrated by reference to historical returns. Basic issues around share valuation are also discussed, and students are introduced to derivative instruments, and how they may be used both defensively and aggressively. Basic concepts around sustainable finance are also outlined throughout the module.

On successful completion of this module students will be able to: 1. describe the role of financial managers in modern business organisations. 2. recognise the trade-off between risk and return. 3. interpret financial data to make informed business decisions. 4. calculate present and future values of streams of cash flows.

On successful completion of this module students will be able to: Question financial decisions on criteria outside of shareholder wealth maximisation

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The module combines lectures and tutorials, reflecting current research informed practice in finance education. Contemporary studies show that lecture only delivery is limited, and that active, experiential approaches such as simulations, real‑world problem‑solving, and applied tasks improve engagement and deepen understanding. In line with these developments, the module uses worked examples and practical activities throughout lectures and tutorials to build the core skills needed for later finance modules. Research also supports the use of hands‑on tasks and real financial data to strengthen financial literacy and help students connect theory with real‑world decision‑making. Accordingly, the module design includes structured opportunities for students to apply concepts, analyse information, and practice decision‑making in realistic contexts. These approaches develop analytical skills, support innovation, and prepare students effectively for advanced study.