Assessment Summary

Unit(s) of Assessment	Weighting towards Module Mark (%)
Group Presentation and Report of 2000 words	40
Open book examination	60

Assessment Criteria

In order to achieve the threshold standard for the award of credits for this module, the student must meet the following criteria related to the learning outcomes described above:

-          Be able to carry out exercises and case studies which link the theory to practice and require explanation and application of the concepts and techniques mentioned in the learning outcomes above.

-          The explanations must convey an adequate level of conceptual understanding, and the application of techniques is intended to test that the understanding can be successfully applied in problem solving.

Assessment Strategy, Methods and Weighting

The assessment strategy is designed to involve both a group presentation with a report of 2000 words of a mainly technical problem-solving nature topic and an open-book examination. The strategy is as follows: to use the coursework to develop the students' analytical and problem-solving skills, develop teamwork and communication skills and to  make the examination as far as possible a test of understanding rather than of memory.

The assessment methods include a group presentation and report of 2000 words coursework assignment (40%) and a two-hour open-book examination (60%).

Rationale

This module is to provide a substantial course in a synthetic form of financial resources management, risk management, and financial markets at a level appropriate to MBA and also to serve as a springboard to advanced specialist finance studies.

Module Aims

The module aims to provide participants with both theoretical and practical understanding of how financial strategy can be formulated. It develops in depth understanding of corporate finance theories, and practical awareness of how these theories are applied to real business world. It further provides comprehensive knowledge 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.

Learning Outcomes

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

·       Comprehensive knowledge and 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. (K)

·       Critically think both theoretically and strategically about business and be able to apply the theories to develop financial strategy for business. (C)

·       Critically evaluate financial strategy and risk management in the business and be able to make appropriate decisions. (P)

·       Be able to communicate effectively in business discussions to actively participate in a discussion forum. (T)

Module Content

The teaching and learning strategy is designed to allow students to come to grips with the essential quantitative nature of the subject, and more importantly, to facilitate the application to practical business cases.

The teaching and learning methods include

·       A combination of lectures, seminars and case study discussions.

·       The use of U-Learning to facilitate teaching, enhance the learning outcomes and direct students to the relevant reading in the set textbooks and in journal articles. 

 Selected Readings

Core Text

• Vernimmen, P, et al. (2005) Corporate Finance: Theory and Practice. (John

   

Wiley & Sons).

Recommended Readings

• Reilly, Frank K. and Keith C. Brown, Investment Analysis and Portfolio Management, 8th Edition, Dryden Press.

   

• Gaughan, A.P., Mergers, Acquisitions and Corporate Restructurings, 4th Edition, John Wiley & Sons.

   

• Ross, , Westerfield, R.W. and Jaffe, J.F. (2006), Corporate Finance (7^th international edition), McGraw-Hill.

   

08/09/2010