Important: This module is only available to students in the Department of Statistics.
Students may not take this module if they have taken or plan to take IB133 Foundations of Accounting.
Commitment: 3 lectures per week. This module runs in Term 1.
- Structure of a joint stock company and the different methods by which it may be financed.
- Basic principles of personal and corporate taxation.
- Principal forms of financial instruments.
- Factors to be considered by a company when deciding on its capital structure and dividend policy.
- Company’s cost of capital and how its cost of capital interacts with the nature of investment projects.
- The major forms of financial institution.
- Role and principal features of the accounts of a company.
- Construction of simple balance sheets, profit and loss accounts and cash flow statements.
- Interpretation of financial statements.
Aims: To cover the syllabus for Actuarial CT2.
Objectives: At the end of the course students will:
- Be familiar with the structure of a joint stock company and how it can be financed.
- Be familiar with the different types of financial instruments.
- Be able to construct simple balance sheets, profit and loss accounts and cash flow statements.
- Be able to interpret financial statements.
Assessment: Two hour examination (80%) and two one-hour class tests (10% and 10%).
Deadline: Class Test 1: week 4 and Class Test 2: week 8.
Feedback: Feedback on Class Test 1 will be returned 15 working days after the date of the test, feedback on Class Test 2 will be returned 20 working days after the date of the test.