UNIVERSITY OF LIVERPOOL 
ACFI103: Introduction to Finance 
Final Examination Guide and Notes 2026 
 
- Part 01: Revision Notes 
- Part 02: Sample Final Examination Paper 
- Part 03: Suggested Solutions to Final Exam Paper 
- Part 04: Final Examination - Hints and Tips 
 
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University of Liverpool - Introduction to Finance (ACFI103)

£25.00

ACADEMIC YEAR 2025 - 2026

University	University of Liverpool
Module Code	ACFI103
CATS Level	Level 4 FHEQ
CATS Value	15
Module Name	Introduction to Finance
Notes Title	Final Examination Guide and Notes
Page Length	64

This guide provides a clear and structured resource for mastering the essential theories and concepts of ACFI103: Introduction to Finance at the University of Liverpool. With step-by-step explanations, worked examples, and detailed illustrations, it helps reinforce understanding and practical application. To enhance exam readiness, the guide includes a full-length sample exam with solutions and explanations designed to simulate the real test-taking experience. Additionally, it offers concise, accessible notes, examiner insights, and targeted questions and answers for each key examinable topic - giving you the tools to achieve your best possible grade.

ACFI103: Introduction to Finances provides a foundational understanding of corporate finance, financial markets, and investment decision-making. Students will learn about the goals and governance of firms, the functioning of financial markets, and the importance of finance. Main topics to be covered include the time value of money, valuation of bonds and stocks, investment appraisal techniques, and working capital management. Students will also explore the relationship between risk, return, and the cost of capital, applying portfolio theory to mitigate unsystematic risk and using CAPM to estimate costs of capital, including tax effects on debt. Additionally, the module covers options, including call and put options, European and American options, and their intrinsic values.

ACFI103 is a prerequisite for several advanced modules, including ACFI204, ACFI205, ACFI213, ACFI290, ACFI320, and ECON233. The syllabus covers corporate finance fundamentals, valuation techniques, capital budgeting, and financial decision-making strategies. By the end of the course, students will be equipped with essential finance skills, enabling them to analyse investments, manage risk, and optimise financial performance in corporate settings.

MODULE CODE	MODULE NAME
ACFI101	Introduction to Financial Accounting
ACFI102	Introduction to Management Accounting
ACFI103	Introduction to Finance
ACFI201	Financial Reporting 1
ACFI204	Financial Management
ACFI225	Econometrics for Finance 1
ACFI231	Theory of Finance I
ACFI234	Theory of Finance II
ACFI304	Business Finance
ACFI309	Financial Reporting 2
ACFI310	Derivative Securities
ACFI321	Capital Markets
ACFI342	Financial Risk Management
EBUS205	Business Analytics
ECON112	Statistics & Data Analysis for Economics and Business
ECON121	Principles of Microeconomics
ECON123	Principles of Macroeconomics
ECON154	Statistical Foundations of Business Analytics
ECON210	Principles of Economics 2
ECON213	Econometrics 2
ECON222	Microeconomics 2
ECON233	Introductory Econometrics for Business & Economics
ECON241	Securities Markets
MKIB153	Fundamentals of Marketing
ULMS151	Organisations and Management

University of Liverpool - Introduction to Finance (ACFI103)

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