Overview:
- Credits:
- 5.0
- Level:
- 4
- Semester:
- Autumn
- Subject:
- Finance
- School:
- Business
- Coordinator:
- Ruchiri Sharma
FIN40190 Corporate Finance
Academic Year 2023/2024
This module will assist you to understand the financial consequences of commercial and all other business related decisions. It will help you to interpret financial data in a strategic manner and use this information to make investment and financing decisions. The module will cover the key aspects of strategic corporate finance that will allow for better decision-making based on a value-creating framework. It will also equip you to identify benefits and limitations of the different types of financing. It will also give you skills to adapt existing frameworks to apply to new business scenarios.Show/hide contentOpenClose All
Curricular information is subject to change
Learning Outcomes:
On successful completion of this module you will:
• Be able to use financial statements to assess a company's financial health.
• Appreciate the key distinction between corporate profitability and cashflow and the consequent implications for long- term value creation
• Understand how to identify value creating investments.
• Develop estimates of expected future cash flows and discount them to measure present value.
• Identify the different sources of financing and their benefits and limitations.
• Understand the factors that affects a firm's decision to retain earnings or distribute them as dividends.
| Student Effort Type | Hours |
|---|---|
| Lectures | 24 |
| Small Group | 1 |
| Specified Learning Activities | 50 |
| Autonomous Student Learning | 51 |
| Total | 126 |
Requirements, Exclusions and Recommendations
Not applicable to this module.
Module Requisites and Incompatibles
Not applicable to this module.
Assessment Strategy
| Description | Timing | Component Scale | % of Final Grade | ||
|---|---|---|---|---|---|
| Examination: Final Examination | 2 hour End of Trimester Exam | No | Graded | No | 50 |
| Group Project: Applied work in regard to one major aspect of the module. | Coursework (End of Trimester) | n/a | Graded | No | 30 |
| Multiple Choice Questionnaire: A Brightspace Quiz (i.e. on-line) to test your mastery of Time Value of Money (TVM) and some associated concepts. Technically it is not an MCQ as all of the questions are calculation based. | Unspecified | n/a | Standard conversion grade scale 40% | No | 20 |
| Remediation Type | Remediation Timing |
|---|---|
| In-Module Resit | Prior to relevant Programme Exam Board |
Feedback Strategy/Strategies
• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment
• Peer review activities
How will my Feedback be Delivered?
Feedback will be given during the course of the trimester. Formal written feedback will be given for all assignments with the excepetion of the terminal assignment.
§Brealey, Myers & Allen (2020) Principles of Corporate Finance 13th ed., McGraw Hill (The best "all-round" corporate finance book - the downside is the US focus).
https://www.mheducation.co.uk/ise-principles-of-corporate-finance-9781260565553-emea-group
This will be the textbook the module is primarily based on.
§Brealey, Myers & Marcus (2020) Fundamentals of Corporate Finance 10th ed., McGraw Hill gives a slightly more introductory treatment. Probably all you need but if the area really interests you the "Principles" book is better.
Hillier, D., S. Ross, R. Westerfield and J. Jaffe, Corporate Finance, Second European edition, McGraw Hill
Supplemental Texts – Finance
§Koller, Goedhart & Wessels (2020) Valuation 7th ed., Wiley (no need to buy - will be of interest if valuation is your particular interest)
Supplemental Texts – Cost Behaviour (Management Accounting)
§Drury (2021) Management & Cost Accounting, 11th edition, Cengage (again, no need to buy)
§ These books should be available in the library. Earlier editions are fine. The examples change and the tax comments may be out of date - not a major issue.
https://www.mheducation.co.uk/ise-principles-of-corporate-finance-9781260565553-emea-group
This will be the textbook the module is primarily based on.
§Brealey, Myers & Marcus (2020) Fundamentals of Corporate Finance 10th ed., McGraw Hill gives a slightly more introductory treatment. Probably all you need but if the area really interests you the "Principles" book is better.
Hillier, D., S. Ross, R. Westerfield and J. Jaffe, Corporate Finance, Second European edition, McGraw Hill
Supplemental Texts – Finance
§Koller, Goedhart & Wessels (2020) Valuation 7th ed., Wiley (no need to buy - will be of interest if valuation is your particular interest)
Supplemental Texts – Cost Behaviour (Management Accounting)
§Drury (2021) Management & Cost Accounting, 11th edition, Cengage (again, no need to buy)
§ These books should be available in the library. Earlier editions are fine. The examples change and the tax comments may be out of date - not a major issue.
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