This module will start with an introduction to the subject which will cover corporate goals, shareholder wealth maximisation and the agency theory. Implicitly, we will discuss financing frictions that differentiate the functioning of perfect capital markets with imperfect capital markets.



Three major decision areas:

Investments: Where should a firm invest its (scarce) resources? - project analysis; - security analysis.

Financing: How should the firm raise (additional) resources? - equity/debt/hybrids, - long/short term

Dividends: What should the firm do with excess resources? - reinvest in business

- distribute as dividends/return on capital
Topics covered over the course of the module include sources of finance, cost of capital and capital structure, advanced investment appraisal techniques and applications, portfolio Theory and capital markets.
The successful completion of this module may lead to an exemption from the equivalent unit in the CIMA/ACCA professional qualification. For up-to-date information on accreditation and exemptions please contact the Award Leader. When studied as part of the MSc International Finance & Accounting, 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

A Class Test of ONE hour weighted at 30% (Week 6/7 testing LO 1 & Part of LO 2) in preparation for the 2-hour examination.
Subject to the relevant professional body’s accreditation rules and regulations, students may be awarded exemption(s) from professional examinations on attaining a satisfactory grade in the 2-hour examination. This 1-hour class test provides students a formalised opportunity to consolidate their learning, reflect upon their progress to date, receive feedback from the lecturer and formally assess their ability to meet the rigor of professional examinations.


A final exam of 2 hours weighted at 70% (Part of LO 2 to LO 4).

The learning strategy for the module requires students to commit 200 learning hours (including assessment) of this there will be 48 hours of class support and 152 hours of independent and self- directed study.
The lecture/tutorial pattern may vary with some activities taking place in medium size group workshops.

36 hours of tutor lead sessions

12 hours of student-centred learning sessions

There will be lectures to deliver the core material, as well as smaller group sessions, including problem solving, discussion and workshop type delivery. Students will be expected to complete the case studies/ exercises and directed learning in the independent learning time.

1. Apply appropriate mathematical models and techniques to corporate financial management problems.

Knowledge and Understanding, Analysis.

2. Demonstrate a critical understanding of the objectives of corporate finance and the key issues that arise from the financing decision-making process.

Knowledge and Understanding, Application, Analysis, Learning, Communication.

3. Demonstrate a comprehensive understanding of the strategic role and scope of corporate finance within the business and corporate environment.

Knowledge and understanding, application, analysis, Communication, Learning.

4. Demonstrate a critical understanding of the objectives of corporate finance and the key issues that arise from the long-term investment.

Knowledge and Understanding, Communication, Learning, Reflection.

Module study guide

The University Library and Learning Resources – books and academic journals

The module VLE

Electronic data bases

Learning support materials

Internet

Watson, D. and Head, A. (2019) Corporate Finance: Principles and Practice, 8th edition, Financial Times Prentice Hall.

ACCA (2021) F9 Financial Management Study Text, BPP Learning Media

Arnold, G. and Lewis, D. (2019) Corporate Financial Management, 6th edition, Pearson.

Pike, R., Neale, W., Linsley, P. and Akbar, S. (2018) Corporate Finance and Investment: Decisions and Strategies, 9th edition, Pearson Education Limited.

This module will start with an introduction to the subject which will cover corporate goals, shareholder wealth maximisation and the agency theory. Implicitly, we will discuss financing frictions that differentiate the functioning of perfect capital markets with imperfect capital markets.



Three major decision areas:

Investments: Where should a firm invest its (scarce) resources? - project analysis; - security analysis.

Financing: How should the firm raise (additional) resources? - equity/debt/hybrids, - long/short term

Dividends: What should the firm do with excess resources? - reinvest in business

- distribute as dividends/return on capital
Topics covered over the course of the module include sources of finance, cost of capital and capital structure, advanced investment appraisal techniques and applications, portfolio Theory and capital markets.