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2011/2 Provisional Module Catalogue - UNDER CONSTRUCTION & SUBJECT TO CHANGE
 Module Code: MAN2089 Module Title: BUSINESS FINANCE
Module Provider: School of Management Short Name: MAN2089
Level: HE2 Module Co-ordinator: KHAN OS Mr (SoM)
Number of credits: 15 Number of ECTS credits: 7.5
 
Module Availability
Semester 1
Assessment Pattern

Units of Assessment

 

 
Weighting Towards Module Mark (%)

 

Homework on MyFinanceLab© platform

 

 

20

 

 

One-hour online midterm test (multiple choice questions, closed book but formula sheet will be provided)

 

 

30

 

 

Two-hour final examination (short question, closed book but formula sheet will be provided)

 

 

50

 

 

Alternative Assessment

 

 

Not Applicable

 

 

 

 

Qualifying Condition(s) 

 

 

A weighted aggregated mark of 40% is required to pass the module.

 

 
Module Overview

 

 

The prime motivator in business activity is sustainable profitability for shareholders' wealth maximization. It follows that all managers are likely to perform better towards that goal if they understand the mechanisms for achieving sustainable profit by acting in the interest of stakeholders. This module is designed to give students the necessary basic background in finance to enable them to be effective business managers. In this module a strategic view is taken of the sources and deployment of finance in a business. It covers the fundamental principles of corporate finance and investment.

 

 
Prerequisites/Co-requisites

Financial Accounting I (HE1) or Financial Accounting (HE1) or Introduction to Accounting (HE1)

 

 
Module Aims

This module aims to give the student an understanding of the principles governing financial management of a business. It will equip the student as a manager with the techniques for evaluating the financial needs of a business, identifying possible sources of finance, determining the most effective course of action to obtain that finance, and utilizing such finance in the most attractive opportunity. It will also provide an appreciation of the role of the finance function in the commercial life of the business.

  To pass this module the student will demonstrate a familiarity of business finance (corporate finance and investment management). The student should display some understanding of the relevant issues and some familiarity with the relevant theories and techniques.

 

 

Learning Outcomes

On successful completion of this module the students will be able to:

 ·              Appreciate the role and scope of corporate finance in the financial planning process of any firm.

 ·              Understand the time value of money and its implication in interpreting cash flows occuring in different time horizon in accounting statements.

 ·              Perform valuation of different assets based on the DCF method and appreciate the factors effecting such valuation.

 ·              Evaluate potential investments opportunities with its cost and risk factors, and select suitable ones in case of multiple alternatives, budgetory constraints, and capital rationing.

·              Identify the different sources of financing with their relative implications i.e. advantages and disadvantages.

 
Module Content

·              Introduction to Business Finance

 ·              Working Capital Management

 ·              Time Value of Money

 ·              Asset Valuation

 ·              Capital Investment Appraisal

 ·              Risk and Return

 ·              Portfolio Theory & CAPM

 ·              Sources of Finance (Capital and Money Markets)

 
Methods of Teaching/Learning

The learning and teaching strategy is developed in this module to facilitate active learning and to support students in achieving the learnnig outcomes.

 ·              Weekly one two-hour lecture incorporating class-room participation for better understanding.

 ·              Fortnightly tutorial sessions for solving problems to understand the contents covered in lectures. The tutorials cover worked examples which are an integral part of the module. Tutors will provide the necessary support during these sessions for deeper understanding using  multple choice questions (MCQ), short, and long problem solutions.

 ·              ULearn discussion forums to address any issues related to the contant, learning and teaching environment, and delivery of the module and/or specific topics.

 ·              ULearn will be used for delivering optional mock MCQ and short question examination, giving the participants an opportunity to get formative feedback.

 ·              Utilizing ULearn as the main pool of resources including lecture handouts, tutorial problems, mock exercise, and discussions. Besides using ULearn as the main means of communication to establish resource efficiency and communicational effectiveness.

 ·              MyFinanceLab will be used for self study plan, practice, and homeworks. This intervention is primarily to induce regular engagement with the module.

 ·              Weekly office hours provided by lecturers.

 ·              Support of lecture material by directed reading in selected.

  

 

Assessment Strategy:

 The module has number of learning outcomes that directly related to the topics delivered in various weeks. The assessments are designed to capture learning in all the topics. There will be several MyFinanceLab based homeworks giving the students opportunities to engage with the topics, learn the techniques thrugh study plan, and subsequently attempt the homework problems. This platform shows step by step solution of practice problems and links them to relevant pages in the text making it an ideal tool for self study. The midterm test will assess students on the first four topics thoroughly both in the areas of theories and in calculations. A comprehensive database of questions has been created to run this online test, which is largest in the campus. This will not only allign the assessment with learning utcomes but also be efficient in terms of module resourcing. The final exam is a short answers based exam where students have to answer short questions from topics covered after the midterm. Once again this will assess the students in various theoretical and calculation based competencies in finance.

 

 

Selected Texts/Journals

Pike, R., and Neale, B., (2009). Corporate Finance and Investment: Decisions & Strategies.  6th edn.  FT Prentice Hall.

 

 

 

 

Recommended Reading

 

 

Keown, A. et al., (2006). Foundation of Finance.  5th edn.  Pearson.

 

 

Peirson, G., Brown, R., Easton, S., Howard, P., and Pinder, S., (2006).  Business Finance. 9th edn.  McGraw-Hill Irwin.

 

 

Ryan, B., (2007). Corporate Finance & Valuation.  Thomson Learning EMEA.

 

 

Van Horne, J., and Wachowicz Jr.J., (2005). Fundamentals of Financial Management. 12th edn.  FT Prentice Hall.

 

 

Watson, D., and Head, A., (2004). Corporate Finance: Principles & Practice.  3rd edn.  FT Prentice Hall.

 

 

 

 

Background Reading

 

 

Atrill, P., (2006). Financial Management for decision makers.  4th edn.  FT Prentice Hall.

 

 

McLaney, E., (2006). Business Finance: Theory & Practice.  7th edn.  FT Prantice Hall.

 

 
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