An Exam length 3 hours, weighted at 50% covering learning outcomes 1, 2 & 3
A Report of 2,500 WORDS weighted at 50% covering learning outcomes 4 & 5

The focus of this module is very much real-world with emphasis on the practical application of financial strategy in today's dynamic business environment.

This module begins by introducing you to financial objectives and financial management together with issues of ownership and control.
You will then proceed to calculate, analyse and interpret a wide range of financial ratios, including capital gearing and investor ratios. Working capital control and cash management techniques will also be examined. The problems with using accounting information and the creative accounting will be considered.

You will study the range of different sources of long, medium and short-term finance available to businesses, including the various forms of equity finance, borrowings, hybrid finance, retained earnings and government based assistance. This leads to a consideration of the costs of raising different types of finance, and then to the concept of the weighted average cost of capital and the preferred capital structure. We then introduce how stock markets operate, their trading systems and regulation and the efficient market hypothesis.

The module progresses by enhancing your study of investment appraisal evaluation techniques used in practice, including advanced aspects of the use of DCF techniques, consideration of capital rationing and taxation implications.

The breadth of corporate finance and corporate treasury management is examined. You will then go on to explore the various methods of company and share valuation, linking this to the areas studied throughout the module.

You will then examine take-over and merger activity considering real-world case studies and the various financing methods available including the growing importance of private equity finance. We will also examine capital reconstructions, divestments, diversification and corporate failure.
The module continues by considering the measurement and analysis of the different types of risk, and the various methods available for businesses to manage these risks effectively. Portfolio theory and the Capital Asset Pricing Model will be studied in this context.

The module will then consider the determinants of a company's dividend policy together with a framework for analysing dividend policy.
The module concludes by exploring international aspects of Corporate Finance and will include consideration of the advantages of multi-national companies (MNCs) over national companies, the complexities of foreign direct investment (FDI) and exchange rate hedging strategies.
When studied as part of the BA (Hons) Accounting and Finance, BA (Hons) Accounting and Business, Two Year BA (Hons) Accounting and Finance,
Two Year BA (Hons) Accounting and Business, the successful completion of this module may lead to an exemption from a professional accountancy qualification - for up to date information on accreditation and exemptions please contact the Award Leader.

1. UNDERSTAND THE ROLE OF FINANCIAL MANAGEMENT IN THE PERFORMANCE OF ORGANISATIONS AND CRITICALLY APPRAISE ALTERNATIVE SOURCES OF FINANCE FOR BUSINESS FIRMS
Analysis
Enquiry
Knowledge & Understanding
Learning

2. CRITICALLY ANALYSE THE FINANCIAL POSITION AND PERFORMANCE OF ORGANISATIONS USING KEY RATIOS
Analysis
Knowledge & Understanding
Learning
Problem Solving

3. APPLY ADVANCED DECISION-MAKING TECHNIQUES IN A RANGE OF SHORT TERM AND LONG TERM SITUATIONS AND COMMUNICATE FINDINGS
Application
Communication
Knowledge & Understanding
Learning
Problem Solving
Reflection

4.CRITICAL UNDERSTANDING OF THE COMPLEXITIES INVOLVED IN ASSESSING AND MEASURING BUSINESS RISK AND THE RETURN ON INVESTMENT
Analysis
Knowledge & Understanding
Learning
Problem Solving

5. APPLY A RANGE OF MODELS IN THE PROCESS OF ORGANISATIONAL VALUATION
Application
Knowledge & Understanding
Learning
Reflection

Whole group sessions - a series of participatory lectures will disseminate knowledge and understanding as the foundation for a structured programme of tutorial sessions. Topical business-world examples and case studies will be used extensively to support learning.

Small group sessions - a series of weekly tutorial sessions where students will work individually and in groups on practical exercises to reinforce their learning.

The class room delivery will be supported by materials available on the VLE to guide further self-directed study at a pace and time convenient to the student.

Students will be provided with general guidance in the module study guide, and receive specific guidance and training where needed.

Module study guide
The University Library and Learning Resources - books and academic journals
The module VLE
Electronic data bases
Learning support materials
Internet
Plus
Quality newspapers and financial press
BPP Online Learning Media

FOR INTERNATIONAL COLLABORATIVE PARTNERS ONLY

McLaney, E. (2009) Business Finance: Theory and Practice, 8th Edition. FT Prentice Hall
Evans, D (2011) A student's Guide to Corporate Finance and Financial Management, 1st Edition. Kaplan Publishing
Corporate Finance & Investment: Decisions and Strategies, 6th Edition - Pike, R & Neale, B. FT Prentice Hall