You will examine the development of financial strategy within an organisation. 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.

Business valuations: nature and purpose of the valuation of the business and financial assets, models for the valuation of shares, the valuation of debt and other financial assets, efficient market hypothesis (EMH) and practical considerations in the valuation of shares.

You will examine take-over and merger activity by considering real-world case studies and the various financing methods available including the growing importance of private equity finance dividend policy and how much finance can be raised from within the business. We will also examine capital reconstructions, divestments, diversification, capital structure theories and practical considerations 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 multinational companies (MNCs) over national companies, the complexities of foreign direct investment (FDI) and exchange rate hedging strategies.

1. Presentation (15 mins) (20%) (LOs 1). You will be required to plan a presentation for the group with specific needs and deliver the session during class-time.

2. An exam length: 2 hours plus 10 minutes of reading time. (80%) (LOs 2-4)

148 hours of student-centred activities involving reading, self-assessed exercises, case study analysis, feedback and revision.

52 hours of contact time will engage students with 26 hours of formal lectures/large group activity and 26 hours of workshops in which students will engage with a mix of lectures/tutorials/large and small group activities, including presentations and peer assessment and undertake formative assessment.

The increased contact hours above the University standard are to provide essential learning opportunities to gain the appropriate level of attainment for Professional Body exemptions.
The number of study hours for this module is 200 hours to meet the Professional Body accreditation requirements

The lectures will provide the main advanced financial accounting themes, analysis of concepts and their application. This knowledge will be reinforced by the preparation and discussion of questions in the tutorials and by students self-directed study time. The latter will include visiting corporate websites to support the knowledge acquired.

1. Understand the firm's dividend policy and evaluate the optimal level of internally generated finance.
.Knowledge & Understanding & Learning

2. Critically understand the principles of business and asset valuations.
Understanding & Analysis

3. Critically understand the complexities involved in assessing and measuring business risk and the return on investment
Application, Communication, Knowledge & Problem Solving

4. Apply and analyse a range of models in the process of organisational valuation
Application & Analysis

Blackboard: VLE, Webinar (Collaborative), Blogs, Discussion Boards, Online Tests

LinkedIn

Social Media (Facebook, Twitter, Instagram)

Microsoft Office Suite

Microsoft 365, Padlet

Guest Speakers

Annual entrepreneurship festival

Lynda.com training tools

McLaney, E. (2014) Business Finance: Theory and Practice. FT Prentice Hall. ISBN 1292016124.

Pike, R. & Neale, B. (2018) Corporate Finance & Investment: Decisions and Strategies, 9th Edition. FT Prentice Hall. ISBN 1292208546

CIMA (2017). F3 Financial Strategy: Study text paperback. CIMA. ISBN 1509715835.

You will build on the financial management knowledge to examine the development of financial strategy within an organisation. The starting point is the main financial objective of a company, which is to maximise shareholder wealth. We look at various financial and non-financial strategies to achieve this objective as well as ensure organisation goal congruence through effective decision making.