BSc (Hons) in
Finance

Financial Accounting is an important language of any business. This module will help students develop knowledge and understanding of the underlying principles and concepts related to financial accounting. By the end of the module, students will be able to record financial transactions using double-entry rules, report financial information in the form of financial statements, and analyse financial information. Students will also be familiarised with appropriate digital tools used in the real business world.

Assessment: As an ACCA-accredited module, it is essential that the assessment methods reflect the demanding exam formats used by ACCA itself. This alignment guarantees that students are not only learning the content but also practising the types of assessments they will face in their professional qualifications. Successful completion gives our students the right to apply for an ACCA exemption on the corresponding paper. The first assessment is an In-class Test in the form of a closed-book test. It assesses the students’ ability to explain the purpose of Financial Accounting, adjust regarding the valuation of inventory and depreciation of fixed assets, and use double-entry bookkeeping principles. The second assessment is a Final Exam, which is designed to evaluate students’ knowledge and understanding of financial accounting with a range of questions within a given time.

The module introduces students to the basic statistical concepts, critical reasoning and understanding of the nature of data, which they may need to apply in the other modules they intend to study in their degree. The emphasis of the module is on the application of statistical methods to tackle real-world, data rich problems in economics, finance, business and academia. Attention will focus on the calculation and interpretation of tables and results and the appropriate method to approach various aspects of real world situations. Treatment is at an elementary mathematical level (basic calculus). Concepts of probability, statistical bias, randomness, random variables, sampling, statistical inference, basic data exploration and visualization techniques, data analytical methods, bivariate and multivariate analysis are introduced.

Assessment:The in class test serves as summative assesment and covers the fundamental concepts and techniques taught in the first half of the module, ensuring that students have a solid understanding of the basics of statistics. The final exam takes place during the final exam week of the Semester that covers the concepts taught during entire semester.

This module provides a practical understanding of financial statements, equipping students to assess organizational financial health, interpret macro-level financial data, and engage in budgeting and financial planning. It covers fundamental concepts of general-purpose financial reports, followed by an exploration of the income statement, balance sheet, and statement of cash flows. The focus is on developing skills in accounting and finance terminology for confident analysis of financial statements. Students learn to interpret financial statements for decision-making, including stock investments, and conduct analyses of strategic capabilities, financial performance, and operations.

Assessment: There are two assessment components for this module: the Seen-case assessment, with a weight of 40%, and the Group presentation of an investor project, with a weight of 60%.

This module examines essential concepts and tools of economics that intends to provide an overview of microeconomics and macroeconomics. The first part of the module examines how prices are determined in competitive markets, what happens when market conditions change and how these changes affect overall social welfare. The second part of the module investigates the key economic indicators, such as gross domestic product (GDP), the consumer price index (CPI), and the unemployment rate. Economic growth in the long run and short run will be investigated in line with government policies implemented to stabilize economic fluctuations. Moreover, the monetary and fiscal policy discussions are specifically highlighted in studying various markets conditions, such as markets for goods and services, markets for loanable funds or markets for currency exchange.

Assessment: The group coursework with presentation will enable students to work in groups, improve presentation skills and develop critical thinking abilities. The final exam will test the breadth of understanding of global policy issues using a range of theoretical and practical perspectives.

This module will give you an introduction to the flow of funds in the economy, the banking sector, and financial markets and systems, all of which are essential to the functioning of corporations and modern economies. Although the module is about financial systems in general, there will be frequent references to how corporations finance their operations and invest their funds and how they compensate shareholders.

Assessment: The first assessment is an In-class Test, conducted as a time-constrained closed book exam. This foundational assessment ensures that students have a strong grasp of essential concepts, which is crucial for their overall learning and performance in the module. The second assessment for the module is a group Project Presentation.

The module provides an overview of how the insurance industry operates, the range of products it provides in the marketplace, and the fundamental principles of insurance. It also introduces the main participants in the insurance market, its regulation standards as well as the role and importance of ethics in the insurance industry. In addition, it provides a basic overview of Islamic insurance and the insurance market of Uzbekistan.

Assessment: In the module, the assessment methods are carefully aligned with the Chartered Insurance Institute (CII) syllabus to ensure relevance. This alignment ensures that students are not only mastering the content but are also preparing for the types of assessments they will encounter in their professional qualifications. To create the CII exam environment, the module includes a closed-book In-class Test and an End-of-module Final Exam. This approach provides students with valuable experience in managing their time, applying their knowledge under exam conditions, and honing the critical thinking skills essential for succeeding in professional insurance exams.

The module provides an opportunity for students to learn and apply econometric and statistical techniques in the context of financial market data. It covers a variety of econometric tools and models used in modern economics and econometric research, e.g., statistical estimation methods, stochastic processes, time series analysis, time-varying volatility models, panel data analysis, etc. Participants are required to undertake hands-on analysis using real-world questions and data.

Assessment: The first assessment for the module is an In-class Test. This time-constrained, closed-book test is designed to evaluate students' understanding of key econometric concepts and analytical techniques. The second assessment is the group Project Presentation, which takes place at the end of the module.

The module aims to provide the fundamental and advanced techniques/tools to analyse security markets, measure corporate performance, estimate equity values, and ultimately sharpen one's judgment regarding financial investments. The module begins with an extensive and in-depth study of financial statements, seeking to explain and illustrate key aspects of corporate operations. The module then continues with an explanation of how companies expose value creation in financial statements and how investors use this information to evaluate securities.

Assessment: The first assessment for the module is an In-class Test. This time-constrained, closed-book test is designed to evaluate students' understanding of key concepts in securities. The second assessment is the group Investment Project Presentation, which takes place at the end of the module.

The main goal of this module is to develop a foundation of financial management concepts. This will enable students to understand how corporations make important investment and financing decisions and how they establish working capital policies. The module also lays a foundation for more complex financial topics that arise in additional elective courses in finance. This module in financial management describes the corporation and its operating environment; it will help any future manager to understand how the finances of a company work and how they will be interfacing with finance.

Assessment: First assessment, the seen-case format encourages students to engage with real-world financial scenarios, fostering critical thinking and analytical skills. By applying theoretical knowledge to practical situations, students can demonstrate their understanding of essential concepts. The In-class Test lasts 1 hour and 30 minutes. Second assessment, the project presentation promotes collaboration and communication skills as students work in groups to articulate financial analyses and recommendations. This approach encourages the integration of theoretical knowledge with practical applications, providing a comprehensive understanding of financial strategies and decision-making processes.

This module is an introduction to both theoretical and practical issues related to the modern banking business, the role and functions of banks in the financial system, how banks are regulated and supervised, and how to analyse banks’ financial statements. The module provides practical examples of how banks manage their asset-liability, interest rates and duration gaps, how to critically assess banks’ credit portfolio in the case of retail and commercial banking, how to manage capital management and understand the range of hedging techniques banks apply against risks. In addition, in this module, students will be introduced to AI/Fintech issues in banking, environmental finance, Islamic banking and cryptocurrencies.

Assessment: The first assessment is a group Written Report. This coursework requires students to collaboratively produce a comprehensive written analysis based on key concepts and theoretical frameworks in banking. The second assessment is a Seen-Case Examination. This end-of-module examination evaluates students' comprehensive understanding of advanced banking topics and their ability to analyse and synthesize complex financial data in a timed setting.

The module covers contemporary management accounting concepts, techniques, and their significance in planning, control and decision-making. It provides a managerial perspective on internal accounting, teaching students cost accumulation, allocation, and various costing methods like product, process, and activity-based costing. Further topics include breakeven analysis, contribution margins, pricing decisions, inventory management, operational and capital budgeting, and performance evaluation. This module is designed to closely align with the syllabus prescribed by ACCA.

Assessment: The In-class Test focuses on assessing the initial set of learning outcomes, providing students with an early opportunity to demonstrate their understanding and receive constructive feedback. This helps students identify areas where they may need further study or practice, allowing them to adjust their learning strategies before the Final Exam.

This module focuses on the application of a range of costing techniques, decision-making, budgeting, control, pricing, break-even and variance analyses and divisional performance measurement methods. Students will also be exposed to real case scenarios and recent developments. This module is designed to closely align with the syllabus prescribed by ACCA.

Assessment: The In-class Test focuses on assessing the initial set of learning outcomes, providing students with an early opportunity to demonstrate their understanding and receive constructive feedback. This helps students identify areas where they may need further study or practice, allowing them to adjust their learning strategies before the Final Exam.

This module covers a wide range of topics, including the financial management function and the financial management environment, working capital management, investment appraisal, business finance, business valuations, and risk management techniques. The primary objective of this module is to develop the essential skills for a finance manager, particularly in the context of making investment, financing, and dividend policy decisions, enhancing students' abilities to acquire relevant skills for employment and entrepreneurship. This module is designed to closely align with the syllabus prescribed by ACCA.

Assessment: In-class Test evaluates students' understanding of key financial management principles and analytical techniques. The second assessment is a Final Exam at the end of the module. It evaluates students' comprehensive understanding of advanced financial management topics and their ability to analyse and synthesize complex financial information.

The module is designed to familiarise non-law students with legal areas, which are crucial for the successful formation and operation of a business. This module will focus on the basics of such areas of Law as: Legal systems, the Court system, the Laws of obligations, Company Law, Employment Law, Insolvency Law and Corporate Crime.

Assessment: As an ACCA-accredited module, it is essential that the assessment methods reflect the demanding exam formats used by ACCA itself. This alignment guarantees that students are not only learning the content but also practising the types of assessments they will face in their professional qualifications. Successful completion gives our students the right to apply for an ACCA exemption on the corresponding paper. The In-class Test focuses on assessing the initial set of learning outcomes, providing students with an early opportunity to demonstrate their understanding and receive constructive feedback. This helps students identify areas where they may need further study or practice, allowing them to adjust their learning strategies before the Final Exam.

As corporations continue to grow and become more complex, the need for effective Corporate Governance becomes increasingly important. The aim of the module is to familiarise students with the theoretical foundations of corporate governance, pillars of the corporate governance and to develop an awareness of the practical problems associated with the interaction of the board, gender diversity, CEO and management, shareholders, auditors and other stakeholders of a corporation. Through the module, students will develop the technical and conceptual skills necessary to evaluate the governance of a company from the perspective of an investor or potential investor, regulators, policymakers and shareholders of the company.

Assessment: There are two assessment components in this module: an Individual Project presentation (40%) and an end-of-module Seen-case Examination (60%).

This module examines key operations of insurance companies, including underwriting, premium calculation, pricing, and the role of claims in setting rates. It explores legal principles, government regulations, and insurance contracts. The module also introduces reinsurance as a risk management tool and familiarises students with insurance concepts and policies in personal and business contexts.

Assessment: In the module, the assessment methods are carefully aligned with the Chartered Insurance Institute (CII) syllabus to ensure relevance. This alignment ensures that students are not only mastering the content but are also preparing for the types of assessments they will encounter in their professional qualifications. To create the CII exam environment, the module includes a closed-book In-class Test and an End-of-module Final Exam. This approach provides students with valuable experience in managing their time, applying their knowledge under exam conditions, and honing the critical thinking skills essential for succeeding in professional insurance exams.

The module aims to introduce students to a discussion of the main principles of Islamic banking and finance and to analysis of the relationship between Islamic banks and conventional banks, evaluation of the current practices of Islamic banks, their merits and limitations. It enables students to understand various Islamic financial contracts, such as musharakah, mudarabah, and murabahah, as well as the workings of Takaful, Sukuk, and risk management in Islamic finance. These valuable skills enhance the students' employability. The module is designed to be studied without prerequisites in finance, economics, law or other subjects.

Assessment: The summative assessment component of the module consists of the In-class Test (40%) and a group Project presentation (60%).

This module is designed to equip students with the skills and knowledge required to analyze complex business cases from multiple perspectives. Delivered collaboratively by the Business Management and Marketing, Finance, and Economics departments, the module reflects industry demands for graduates proficient in applying popular analytical frameworks to real-world business challenges. Students will explore various case studies, utilizing various tools and framework, and develop a multifaceted understanding of business scenarios. The module fosters critical thinking, problem-solving, and decision-making skills, preparing students for careers in consulting, management, finance, and economics. Students will be challenged to explore real cases in which environmental and ethical work practices conflict with firm competitive strategies and goals. AI tools will used to assess them in making sense of the case facts and data analysis. Using AI tools for understanding cases in the classroom offers transformative opportunities for enhancing learning outcomes. These tools can analyze complex case data, summarize key points, and identify patterns or trends, enabling students to focus on higher-order thinking skills such as critical analysis and problem-solving. AI-driven platforms can simulate real-world scenarios, provide predictive insights, and support personalized learning paths, allowing students to engage more deeply with case studies.

Assessment: Assessment 1 involves writing a report based on the chosen organization for developing the case. This task requires students to analyse the case using relevant management, marketing, finance, and economic frameworks. Assessment 2 requires students to design and write their own case study. In this task, students will learn the intricate process of case study development, which involves identifying key business challenges, framing these issues within the context of broader industry and economic trends, and considering multiple perspectives.

The module aims to offer students a good grounding in corporate finance theory and an appreciation of the related empirical evidence. Concepts and techniques developed in earlier courses are extended and/or applied to problems faced by managers in Corporate Finance. Such problems include working capital management, capital budgeting, capital structure, dividend policy, cost of capital and mergers and acquisitions. Students will receive hands-on training with tools like Bloomberg, Yahoo Finance, and Morningstar, enhancing their practical competencies. The applied focus of the module prepares students to address real-world challenges, contributing to sustainable industrialisation, fostering innovation, and supporting the development of resilient infrastructure.

Assessment: Group Project, this group project is designed to assess students' understanding and application of foundational corporate finance concepts. By working collaboratively in groups, students will gain practical experience in analysing real-world financial scenarios and making informed decisions. Presentation of Group Project emphasises the critical importance of communication and presentation skills in finance.

This module provides fundamental concepts and analytical tools to understand modern portfolio theory, asset pricing models, and standard practices in finance. Emphasis is placed on portfolio construction, management, and investment appraisal techniques to address challenges faced by portfolio managers and businesses.

Assessment: The first assessment for the module is an In-class Test. This time-constrained, closed-book test is designed to evaluate students' understanding of key finance concepts in investment and portfolio management. The group Coursework - simulated portfolio management will prompt students to work in groups to formulate, interpret and critically evaluate and present a set of concepts and solve problems corresponding to the module learning outcomes, as well as improve critical writing skills while preparing portfolio summaries and investment analysis reports.

The course covers the influence of ESG factors on finance sectors, interpreting these factors for financial returns, and assessing risks related to sustainable issues like climate change. It highlights the prevalence of sustainable investing in current financial markets and teaches about impact investing and responsible investment practices. Additionally, the course prepares students to tackle real-world sustainable finance challenges by addressing relevant skills development and promoting education and awareness on climate change mitigation and adaptation.

Assessment: The first assessment for the module is an In-class Test. This time-constrained, closed-book test is designed to evaluate students' understanding of key sustainable finance concepts. The second assessment is a group presentation of a case analysis. This assessment evaluates students' ability to analyse financial data through the lens of sustainability and effectively present their findings.

This module covers identifying and managing financial risk management in banks, including various types of bank risks and their management, securitization of loans, and systemic events such as the latest financial crisis and COVID19 shocks in the banking sector. Students will be expected to learn various risk management theories and models in various scenarios. The module allows students to develop risk-focused, analytical and problem-solving skills in banking risk management practice. In addition, it covers issues related to ESG risk management and the contemporary tools to tackle those risks.

Assessment: The first assessment is a group Written Report. This coursework requires students to collaboratively produce a comprehensive written analysis based on key concepts and theoretical frameworks in banking. The second summative assessment is a Seen-Case Examination. This end-of-module examination evaluates students' comprehensive understanding of advanced banking topics and their ability to analyse and synthesize complex financial data in a timed setting.

This module enables students to examine and apply current tax rules, focusing on their role in addressing economic disparities and promoting compliance. It covers taxation principles for individuals and corporate entities, including the computation of liabilities, exemptions, and allowances, while emphasizing ethical and fair tax practices. The module aligns with the ACCA syllabus.

Assessment: As an ACCA-accredited module, it is essential that the assessment methods reflect the demanding exam formats used by ACCA itself. This alignment guarantees that students are not only learning the content but also practising the types of assessments they will face in their professional qualifications. Successful completion gives our students the right to apply for an ACCA exemption on the corresponding paper. The first assessment is an In-class Test conducted as a time-constrained, closed-book test. It evaluates students' understanding of essential taxation principles and systems. The second summative assessment is a Final Exam at the end of the module. It evaluates students' comprehensive understanding of taxation and related skills, including the application of tax principles.

The Financial Reporting module assumes knowledge acquired in Financial Accounting and develops and applies this further and in greater depth. It prepares learners for roles like financial analysts and auditors by focusing on conceptual understanding and practical application. This module will provide students with a broad knowledge of international accounting standards applied in the preparation of financial statements and gives emphasis on both the international accounting standards and the regulatory framework of accounting practice, including their application in global financial markets and institutions. This module is designed to closely align with the syllabus prescribed by ACCA.

Assessment: As an ACCA-accredited module, it is essential that the assessment methods reflect the demanding exam formats used by ACCA itself. This alignment guarantees that students are not only learning the content but also practising the types of assessments they will face in their professional qualifications. Successful completion gives our students the right to apply for an ACCA exemption on the corresponding paper. The In-class Test evaluates students' understanding of the basic principles of taxation, the role of taxation in a modern economy, and the structure and administration of tax systems. The Final Exam assesses students' comprehensive understanding of advanced taxation topics, including excise taxes, individual income tax, social/insurance contributions, and tax deductions, exemptions, and allowances.

This module develops students' knowledge of international audit practices, focusing on the ethical, technical, and practical application of international auditing standards. It emphasises the critical role of auditing in enhancing transparency, accountability, and trust within financial systems. By exploring audit planning, risk assessment, internal controls, and final reporting, it prepares students to utilize advanced auditing technologies and contribute to resilient and sustainable financial infrastructure. Additionally, the module equips students with technical, analytical, and vocational skills essential for careers in auditing, assurance, and sustainable financial management.

Assessment: As an ACCA-accredited module, it is essential that the assessment methods reflect the demanding exam formats used by ACCA itself. This alignment guarantees that students are not only learning the content but also practising the types of assessments they will face in their professional qualifications. Successful completion gives our students the right to apply for an ACCA exemption on the corresponding paper. The first assessment is an In-class Test conducted as a time-constrained, closed-book test. It assesses students' understanding of key audit and assurance principles, including regulatory frameworks, risk assessment, and audit planning. The second summative assessment is a Final Exam at the end of the module. It evaluates students' comprehensive grasp of advanced audit topics, including internal control systems and the application of audit procedures to complex scenarios.

This module provides deep knowledge of the claims handling process in the insurance business. The module examines the basic features of different insurance products and the general principles of the claims handling process, including notification, assessment, settlement and associated financial factors. It covers the claims function, including the ways claim managers settle the claims, how insurers can recover their cost of claims and how to exercise financial monitoring. In addition, the module gives an overview of the global insurance market, its challenges and unexplored opportunities, including the importance of managing climate risks via insurance and the rise of InsurTech.

Assessment: In the module, the assessment methods are carefully aligned with the Chartered Insurance Institute (CII) syllabus to ensure relevance. This alignment ensures that students are not only mastering the content but are also preparing for the types of assessments they will encounter in their professional qualifications. To create the CII exam environment, the module includes a closed-book In-class Test and an End-of-module Final Exam.

This module explores the various types of financial institutions and their role in society, including banks, insurance companies and investment managers. It then provides an analysis of the major financial markets and products and how these are related to each other and to the institutions. The behaviour of financial institutions and ethical principles of finance are also discussed, with a focus on how financial systems can contribute to inclusive economic growth. Moreover, the module emphasises the importance of developing relevant skills, including technical and vocational expertise, to enhance employment opportunities in the financial sector.

Assessment: Individual Comparative Research allows students to conduct in-depth research on specific financial markets or institutions. By comparing various entities, students will develop critical analytical skills and a deeper understanding of regulatory frameworks and their challenges. A Final Exam evaluates students’ understanding of core concepts and their ability to synthesize information effectively under timed conditions.

This module introduces the underlying principles of research in modern finance, its process, philosophy, methods and methodology. The aim of this module is to develop students’ competency in applying statistical and econometric techniques to undertake quantitative research projects in finance. This module provides students with an understanding of issues involved in the design and conduct of empirical research in finance by examination of recent seminal published work in selected areas of the finance discipline.

Assessment: The first assessment involves the submission of an individual Research Proposal, serving as evidence to assess associated learning outcomes. This assessment also allows students to showcase their initiative and ability to work independently. The second assessment is an individual presentation based on the findings of the proposal.

The application of data science in finance is crucial in the present modern world where unprecedented volume of data is easily availability. The industry has diverse and complex information, ranging from market trends to individual transaction histories. Data science provides a systematic framework for extracting meaningful insights, mitigating risks, and optimizing decision-making processes. Analytics tools and machine learning algorithms help users to identify patterns, correlations, and anomalies within the datasets, empowering them to make well-informed predictions and strategic choices. The efficient application of data science in finance industry may foster precision, efficiency, and adaptability, thereby enhances the overall financial performance and resilience.

Assessment: This module will be largely driven by computer lab sessions using practical exercises. The lab-based test will extract the students’ abilities in terms of financial data analytics and derive meaningful insights; time management skills, which are crucial in a fast-paced data analytics environment. The group coursework is designed to improve and assess students’ creative, critical, and strategic thinking, effective and persuasive communication, teamworking, problem solving and research analysis through working with real data.