UNIVERSITY OF LIVERPOOL 
ACFI231: Theory of Finance I 
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 - ACFI231: Theory of Finance I

£25.00

ACADEMIC YEAR 2024 - 2025

University	University of Liverpool
Module Code	ACFI231
CATS Level	Level 5 FHEQ
CATS Value	15
Module Name	Theory of Finance 1
Notes Title	Final Examination Guide and Notes
Page Length	34

This comprehensive examination guide offers students an excellent opportunity to familiarise themselves with both the content and format of the updated final examination for ACFI231: Theory of Finance I at the University of Liverpool in 2025. It also provides the chance to practise effective exam techniques. The guide focuses on core exam questions and features clear, simple diagrams designed to facilitate understanding and enhance recall during the examination. Thoroughly revised, this self‐study resource ensures that students are fully prepared to tackle the final examination with confidence.

ACFI231: Theory of Finance I equips students with a comprehensive understanding of corporate finance, covering key areas such as capital raising, capital structure, dividend policy, share repurchases, capital budgeting, firm valuation, and mergers and acquisitions. The module aims to enable students to explain core corporate finance theories and compare these theories with their practical applications, thereby bridging the gap between academic concepts and real-world business decision-making.

Serving as a foundation for ACFI332: Financial Technology and requiring ACFI130: Data Analytics as a pre-requisite, this course focuses on analysing a firm’s capital structure, valuation, and potential M&A opportunities or threats. By the end of the module, students are expected to have the analytical skills and theoretical insight necessary to support strategic financial decisions within a corporate context.

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 - ACFI231: Theory of Finance I

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