This module begins with an overview of the objectives of the firm and the nature of financial structures. You will go on to study the sources and uses of funding and the consequent cost of capital. This involves an investigation of financial gearing decision, interest cover and dividend policy. Linked to this is a study of market ratios and business valuation. Overarching these topics are theories of capital structures, including that of Modigliani and Miller.

From this you will proceed to study operational decisions of capital investment appraisal and working capital management. The module concludes with discussion of the role of financial management in business strategy.

A mixture of conventional lectures, individuals and group problem solving, directed reading and problem-solving outside class.

Tutor led learning will be supported by appropriate handouts and recommended text books. Students centred learning will include case studies supported by background reading. Regular in-class and take home exercises will support the tutor led approach.

An assignment of 3,000 words weighted at 100% covering all learning outcomes.

McLaney E J, Business Finance, Theory and Practice, Financial Times/Prentice Hall, 2000
Arnold G, Corporate Financial Management, Financial Times-Prentice Hall, 2002
Pike Richard, Corporate Finance & Investment - Decisions and Strategies, Prentice Hall, 2003

University Library and computing facilities
Electronic databases such as EBSCO