UNIVERSITY OF LIVERPOOL

ACFI234: Theory of Finance II

Final Examination Guide and Notes 2026

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 - ACFI234: Theory of Finance II

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ACADEMIC YEAR 2026 - 2027

University	University of Liverpool
Module Code	ACFI234
CATS Level	Level 5 FHEQ
CATS Value	15
Module Name	Theory of Finance II
Notes Title	Final Examination Guide and Notes
Page Length	28

Prepare for the ACFI234: Theory of Finance II final examination at the University of Liverpool with a comprehensive exam guide designed for effective self-study. This guide features exam-style questions, detailed advice on avoiding common pitfalls, and a clear explanation of the exam’s structure and assessment criteria. It outlines a logical framework covering all course topics, emphasising key concepts and methods with practical examples and initial applications. Updated to reflect the latest exam edition, this self-study set offers valuable insights and guidance to help you succeed.

ACFI234: Theory of Finance II provides students with a comprehensive understanding of key financial market theories. It covers essential topics such as portfolio choice, the Capital Asset Pricing Model, multifactor models, and the Efficient Market Hypothesis, along with empirical test methodologies. Students will learn to explain asset pricing theories, critically evaluate market anomalies, and assess the implications of these theories for the financial services industry and broader commercial developments.

Students enrolling in this module must have completed ACFI225, ACFI130, ACFI131, and ACFI132. Additionally, ACFI234 is a pre-requisite for ACFI332, ensuring a solid foundation for advanced studies in financial innovation and technology.

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

UKNOTES

University of Liverpool - ACFI234: Theory of Finance II

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