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Study information


Module titleSecurities
Module codeBEF2021DA
Academic year2023/4
Module staff

Mr Thomas Sisk (Lecturer)

Duration: Term123
Duration: Weeks


Number students taking module (anticipated)


Module description

This module is intended for Financial Services Professional Degree Apprenticeship students and offers a basic understanding of global market infrastructure, operation and practice. You will study how the financial services industry is structured, different types of markets, asset classes, the administration of securities, basic accounting principles and investment management. You will explore the concepts of equities, bonds, FX, collective investment schemes and structured products. The module will also analyse the difference between primary and secondary markets, clearing and settlement of securities and will introduce you to the basics of accounting (Statements of Financial Position, Cash Flow and Comprehensive Income). You do not require any prior knowledge, skills or experience to complete this module, but it is aimed at students who aspire to work in capital markets. The module prepares you to undertake the Chartered Institute for Securities and Investments’ “Securities” exam.

Module aims - intentions of the module

This module aims to provide knowledge about the structure of the financial services sector, different asset classes, securities administration, basic accounting principles and the fundamentals of investment management. The module will focus on providing in-depth knowledge about shares, debt instruments, FX principles and the purpose of collective investment schemes. The course also provides knowledge on how financial instruments are traded and different types of markets. Students will have an opportunity to learn about the full trading life cycle, including the clearing and settlement of securities. In order to better understand what drives the pricing of securities, this module also explores the basic principles of accounting analysis. Participants will learn about the different types of accounting statements and will be able to conduct a financial statement analysis upon completion of this module. The course also aims at providing students with sufficient knowledge to evaluate risk / reward scenarios when investing in different asset classes and how to increase or reduce risk through the use of derivatives.

Intended Learning Outcomes (ILOs)

ILO: Module-specific skills

On successfully completing the module you will be able to...

  • 1. Present an overview of how the financial services sector is structured and its participants.
  • 2. Discuss the uses, advantages and disadvantages of holding assets (including cash, Treasury Bills and Commercial Paper)
  • 3. Develop a sound understanding of shares, including different share types and dividends , and markets and exchanges where these can be traded.
  • 4. Explain the basics of debt instruments including government debt and corporate debt, and markets and exchanges where these can be traded.
  • 5. Perform calculations related to securities pricing including FX forwards, dividend yields and bond yields.
  • 6. Perform accounting analysis on different types of financial statements.
  • 7. Explain the principles of investment management including risk / reward.

ILO: Discipline-specific skills

On successfully completing the module you will be able to...

  • 8. Evidence a sound understanding of the financial services sector and main investment products.
  • 9. Apply financial concepts and accounting analysis to investment principles in practical situations.
  • 10. Evidence a broad knowledge of specific markets, different asset classes, financial instruments and basic accounting principles related to investment management.

ILO: Personal and key skills

On successfully completing the module you will be able to...

  • 11. Deliver high quality written communication skills.
  • 12. Evaluate information quickly and draw accurate conclusions by assessing problems from multiple angles.

Syllabus plan

Element 1: Financial Services Industry

Element 2: Asset classes

Element 3: Markets

Element 4: Primary Markets

Element 5: Secondary Markets

Element 6: Corporate actions

Element 7: Clearing and settlement.

Element 8: Accounting analysis

Element 9: Investment Management

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning & Teaching activities25Masterclasses (in-person and online)
Scheduled Learning & Teaching activities65Online guided learning
Guided Independent Study110Research, reading, assessment preparation and web-based activities including external resources if applicable.
Work-based Learning100Apply knowledge to practical situations in the workplace

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Weekly online quizzes 30 minutes – 5 quizzes1-7Marks and online answer option feedback
Mock Exam 2 hours – 1 mock exam 1-7Marks and generic written cohort feedback

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Multiple choice exam 50100 MCQ questions – 2 hours1-7Marks and generic written cohort feedback
Applied exercise / written assignment502500-word written assignment or equivalent total 1-12Marks and individual feedback (written)

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Multiple choice exam100 MCQ questions – 2 hours1-7In line with university regulations
Applied exercise / written assignment2500-word written assignment or equivalent total1-11In line with university regulations

Re-assessment notes

Defer – as first time.

Refer – capped at 40%

Indicative learning resources - Basic reading

  • Securities (L3), CISI workbook (most recent edition), the Chartered Institute for Securities and Investment (CISI)


Web-based and electronic resources:


  • ELE –

Other resources:


  • CISI Revision Express online learning platform, Yahoo Finance, MarketWatch, Financial Times
  • How the stock market works [electronic resource] : a beginner's guide to investment (6th Ed.)  / Michael Becket, available online from

Key words search

Securities, Financial Professional Degree Apprenticeship, CISI, FCA

Credit value30
Module ECTS


Module pre-requisites


Module co-requisites


NQF level (module)


Available as distance learning?


Origin date


Last revision date