FIN41050 Financial Management

Academic Year 2020/2021

This is a Trimester three course, and is available for MSc students not taking the MSc in Finance. It will be assumed that many students will have had limited, or no exposure to Financial Management.
It is designed to introduce students both to the fundamentals of modern financial theory, but also to the practical aspects of capital raising by both IPO's and rights issues. The theory and practical aspects of mergers, acquisitions, and management buyouts will be discussed and explained. We will discuss and investigate possible real life applications of the concepts that are related to Corporate Finance.
As a result, the course will consist of a series of lectures, fully worked financial problem analysis, readings, and short case studies. A lecture format will be used to introduce students to each topic, and readings will provide a review of the more recent developments.

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Curricular information is subject to change

Learning Outcomes:

On completing this module students should be able to:Demonstrate their ability to use and interpret financial information, when assessing company performance.Explain the more important appraisal techniques, and have a knowledge of recent developments in this area.Be aware of how required rates of return should be determined, and of the required inputs.Demonstrate a knowledge of capital structure theory, including the more recent developments in the literature.Explain the main elements of dividend policy, including both academic and practical contributions to the topic.Describe the sources of capital available to companies, and evaluate the attractiveness of each. A knowledge of derivative based instruments would be required.Demonstrate a knowledge of the literature regarding company governance.

Indicative Module Content:

Introduction , present value, modern methods of project evaluation; bonds markets and bond valuation; capital structure, portfolio theory; managing Risk; Financial analysis; IPOS, venture capital, and rights issues; does Debt Policy matter; Options,their uses and their valuation, Forward and Futures Markets, Swaps; Mergers and Acquisitions.

Student Effort Type Hours
Lectures

25

Specified Learning Activities

75

Autonomous Student Learning

100

Total

200

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Final 2 hour examination including MCQ's at end of the course. 2 hour End of Trimester Exam No Graded Yes

60

Project: Group Project Week 12 n/a Graded No

40


Carry forward of passed components
No
 

Not yet recorded

Feedback Strategy/Strategies

• Feedback individually to students, post-assessment

How will my Feedback be Delivered?

The lecturer welcomes feedback from students during the course of the module. In particular, following assignments, feedback as to suitability and educational effectiveness of the assignment content would be useful. The effectiveness of the slide presentations in amplifying and explaining the assigned text would be appreciated. Early or intermediate feedback relating to the group reports will be achieved by class slide presentations of the partly completed reports , delivered by the students who researched each section . An indication of the likely final mark will be given by the lecturer at that time. The student members of the groups will each be responsible for sections of the report, such as financial analysis, capital structure analysis, marketing analysis, capital raising history, merger activity etc.

Brealey Myers and Allen, Principles of Corporate Finance, 12th. or later edition. McGraw Hill
Frank.J Fabozzi , Bond Markets, Analysis and Strategies, 6th. or later edition. Pearson
John C. Hull, Fundamentals of Futures and Options Markets, any edition. Pearson
Name Role
Professor Christian Klein Subject Extern Examiner

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