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| Module Availability |
Yearly |
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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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Individual coursework assignment
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40
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Open book examination
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60
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| Module Overview |
| The module covers both the theoretical and practical sides of how financial strategy can be formulat
ed |
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| Prerequisites/Co-requisites |
| None |
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| Module Aims |
The module aims to provide participants with both theoretical and practical understanding of how financial strategy can be formulat
ed. It develops an in depth understanding of corporate finance theories, and practical awareness of how these theories are appli
ed to real business world. It further provides comprehensive knowl
edge of how businesses and corporations utilise financial resources and financial markets in a variety of situations, including start-up ventures, establishing corporations, corporate re-structuring in order to achieve the ultimate goal of maximising the value of their enterprise. It also introduces theories and practices of financial risk management. |
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| Learning Outcomes |
Learning outcomes are categorised as:
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knowledge and understanding (K/U)
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intellectual/cognitive skills (I/C)
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practical/professional skills (P/P)
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transferable skills (T)
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Number
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Outcome Type eg K/U, I/C, P/P, T
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Outcome
On successful completion of this module, the student will be able to:
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1
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K/U
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Comprehensive knowledge a
nd understand of the key corporate finance theories, including valuation theory, capital markets and portfolio management, capital asset pricing, corporate financing, corporate re-structuring and risk management.
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2
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I/C
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Critically think both theoretically and strategically about business and be able to apply the theories to develop financial strategy for business.
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3
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P/P
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Critically evaluate financial strategy and risk management in the business and be able to make appropriate decisions.
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4
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T
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Be able to communicate effectively in business discussions to actively participate in a discussion forum.
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| Module Content |
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The financial environment and the corporate governance
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The prin
ciples of valuation and capital budgeting
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Capital market efficiency and the risk and return
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Portfolio theory and the capital asset pricing model
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The cost of capital and capital structure
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Dividend policy
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The financial strategies from start-up to decline of the business
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Financial Strategies in merges and acquisitions and business re-organisations
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| Methods of Teaching/Learning |
The assessment strategy is designed to involve both a coursework assignment of a mainly technical problem-solving nature through case study and an open-book examination. The strategy is as follows: to use the coursework to develop the students' analytical and problem-solving skills, and to make the examination as far as possible a test of understanding rather than of memory.
The assessment methods include a coursework assignment (40%) and a three-hour open-book examination (60%) |
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| Selected Texts/Journals |
Expected purchase
Ross, Westerfield, R.W. and Jordan, B.D. (2006), Fundamentals of Corporate Finance (7th international edition), McGraw-Hill.
Supporting
McLaney, E. (2003) Business Finance: Theory and Practice (6th Ed), Pearson Education.
Other Indicative
Reading
Articles and other material from the financial pages of newspapers and academic journals, such as:
Journal of Finance
Journal of Financial Research
Journal of Financial Economics
The Review of Financial Studies
Journal of Accounting and Business Research
Journal of Business Finance and Accounting
Journal of Business Research |
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| Last Updated |
11.04.2008 |
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