UNIVERSITY OF LIVERPOOL 
ACFI204: Financial Management 
Final Examination Guide and Notes 2025 
 
Part 01: About This Guide 
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 - Financial Management (ACFI204)

£35.00

ACADEMIC YEAR 2024 - 2025

University	University of Liverpool
Module Code	ACFI204
CATS Level	Level 5 FHEQ
CATS Value	15
Module Name	Financial Management
Notes Title	Final Examination Guide and Notes
Page Length	36

Prepare for the ACFI204: Financial Management final exam at the University of Liverpool with the most comprehensive exam guide available. This guide includes exam-style questions and expert advice on common pitfalls to help you succeed. You will gain a clear understanding of how the final exam is structured, how it will be assessed, and the likely style and range of questions you may encounter. Designed to provide a logical framework for the module, this guide highlights key concepts and methods, explains their importance, and offers initial examples to illustrate their application.

This module, ACFI204: Financial Management introduces key financial management concepts, including net present value, decision-making under uncertainty, portfolio selection, and the capital asset pricing model (CAPM). These foundations support investment and financing decisions, such as firm valuation, capital structure, and dividend policy. Students will explore capital budgeting, risk-return trade-offs, market efficiency, long-term financing, and the relationship between investment and financing decisions, using real-world examples.

The syllabus covers essential topics such as equity markets, risk and return, CAPM, time value of money, valuation models, capital structure, and investment decision rules. It also includes discussions on dividend policy, market efficiency, and foreign exchange (FX) markets, including exchange rates, interest rate risk, and hedging with forwards and futures. Additionally, students will be introduced to equity and FX options and their role in risk management.

Pre-requisites before taking this module - ACFI103: Introduction to Finance, ACFI102: Introduction to Management Accounting, ECON111: Mathematics for Economics and Business, and ACFI111: Quantitative Methods for Accounting and Finance.

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 - Financial Management (ACFI204)

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