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| Module Availability |
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| Assessment Pattern |
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Unit(s) of Assessment
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Weighting Towards Module Mark (%)
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Homework Assignments
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15%
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Group Project
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25%
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Open book examination
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60%
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Qualifying Condition(s)
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| Module Overview |
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This course provides an opportunity for students interested in Financial Management, and perhaps considering a career in Finance and/or Accounting to pursue the subject at Level 3. This module will help students to appreciate the role of ethics and agency issues in corporate financial decisions. It also examines capital budgeting in cases of uncertainty, risk and return in investments, issues associated with a firm’s capital structure and payout policy and an introduction to the management of financial risks.
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| Prerequisites/Co-requisites |
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Passes in previous Accounting and Finance modules but an understanding of Finance to the level of Level 2 Business Finance is essential and good quantitative skills would be desirable for enrolment on this module.
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| Module Aims |
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This module is to provide a substantial course in Financial Management at a level appropriate to the final year of an undergraduate degree in generic management, business and financial studies.
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| Learning Outcomes |
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On successful completion of this module the students will be able to:
· Apply the learning outcomes of the Level 2 module in Business Finance, extended and deepened.
· Equipped with the valuation techniques and be able to apply those techniques to the valuation of bonds and stocks, and investment project evaluation.
· Understand and apply the theory of capital markets, including risk-return relationships, capital asset pricing, and portfolio management.
· Understand and apply the theory of corporate financing, including capital structure decision, debt management, and dividend policy.
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| Module Content |
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· The financial environment and the world of corporate finance
· Capital investment appraisal
· Risks and uncertainties in capital investment appraisals
· Portfolio theory and the market model of the risk premium
· Bond and Equity valuation
· Capital structure and cost of capital
· Dividend policy
· Introduction to financial and the management of financial risks
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| Methods of Teaching/Learning |
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The teaching and learning strategy is designed to allow a student to come to grips with what is essentially a quantitative subject.
The teaching and learning methods include:
· A relatively high level of contact (3 hours per week)
· Numerous practical exercises and assignments through MyFinanceLab
· Coursework focused on problem solving exercises and technically demanding case studies
· Making lecture handouts available to students on ULearn
· Support of lecture material by directed reading in selected textbooks and journals
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Assessment Strategy
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The assessment for this module involves both individual and team assessments and includes a mix of summative and formative assessments. The MyFinanceLab application that accompanies the recommended textbook will be used extensively for both homework assignments and summative assessment. This is to encourage students to take responsibility for their own learning by providing a mechanism for students to monitor their own progress.
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| Selected Texts/Journals |
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Essential
Reading
Arnold, G. (2008) Corporate Financial Management. 4th edn. Pearson.
Recommended
Reading
Brealey, R.A. and
Myers, S.C. (2008) Principles of Corporate Finance. 9th edn. McGraw-Hill.
Gitman, L.J. (2008) Principles of Managerial Finance. 12th edn. Pearson.
Ross, , Westerfield, R.W. and Jaffe, J.F. (2008) Corporate Finance. 8th international edn. McGraw-Hill.
Ross, , Westerfield, R.W. and Jordan, B.D. (2008) Fundamentals of Corporate Finance. 8th international edn. McGraw-Hill.
Background
Reading
Articles and other material from the financial pages of newspapers and academic journals, such as:
Financial Times
Journal of Business Finance and Accounting
Journal of Business Research
Journal of Finance
Journal of Financial Economics
Journal of Financial Research
The Review of Financial Studies
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| Last Updated |
| 03/08/2010 |
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