Module FINN2041: Corporate Finance

Department: Finance

FINN2041: Corporate Finance

Prerequisites

• Foundations of Finance (FINN1011)

Corequisites

• None

Excluded Combination of Modules

• None

Aims

• The module aims to equip students with a comprehensive understanding of the principles and practices that underpin the role of a finance manager. It seeks to develop both theoretical knowledge and practical skills that are essential for effective decision-making in the areas of investment decisions and valuations, managing financial risks and financing options.
• It also aims to provide students with a sound foundation to enable them to undertake a dissertation in managerial and corporate finance.

Content

• The role of finance manager
• Short-term financing and working capital management
• Investment appraisal
• Long-term financing
• Market efficiency and practical considerations in the valuation of shares
• Capital structure and cost of capital
• Managing financial risks
• Corporate payout policies
• Mergers and acquisitions

Learning Outcomes

• On completion of the module, students will develop:
• a critical understanding of relevant investment appraisal methods and valuations
• comprehensive knowledge of financing options and the management of financial risk in a corporate finance context

• On completion of the module, students will be able to:
• Identify and process relevant information to support the analysis of relevant financial decisions
• Discuss and apply working capital management techniques
• Apply appropriate investment appraisal techniques while considering other factors affecting investment decisions
• Assess financing options and recommend relevant methods of financing
• Identify the financial risks facing a business and the principal methods of managing those risks
• Recognise key environmental, Social and Governance (ESG) challenges associated with corporate financial decision-making
• Evaluate international differences with regards to the operation of the relevant financial markets and corporate financial decision-making

• Written Communication - through summative assessment.
• Planning, Organisation and Time Management - e.g. by preparing for seminars and examinations.
• Working effectively within time constraints - e.g. by taking time-limited assessments.
• Operating to a brief within a given scenario - e.g. by answering scenario-based questions in seminars and the in-person exam.
• Ability to identify and prioritise key issues and stay on task.
• Problem Solving and Analysis - e.g. by applying the necessary analytical and quantitative skills.
• Numeracy - e.g. by applying core mathematical and statistical skills to answer a range of class and examination questions

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Teaching is by lectures and seminars. Learning takes place through attendance at lectures, preparation for and participation in seminars, and private study. These allow students to develop the subject-specific knowledge, subject-specific skills and most of the key transferrable skills.
• Formative assessment is by means of online tests. This ensures that students are consistently engaged with the module and receive regular feedback on their learning progress.
• Summative assessment is by means of an On-Campus Written Examination. This provides students with the incentive to develop their mastery of the subject and to learn to be mentally agile and to engage in systematic problem solving.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

Online tests

■ Students who do not attend monitored activities shown under Teaching Methods and Learning Hours, or who fail to complete the summative or formative assessment(s) specified above, may be subject to the Academic Progress procedures defined in the University's General Regulation V, and may be required to leave the University.