FIN40940 Corporate Finance

Academic Year 2020/2021

Corporate Finance is concerned with how corporations raise, manage and spend money.
This is an introductory finance module designed to give students a foundation in financial
decision making within the corporation. On completing this module students will have an
understanding of the role of the financial manager in a company in appraising investments,
quantifying the risk/return relationship, evaluating sources of company funding, setting dividend
policy and producing value from mergers.

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Curricular information is subject to change

Learning Outcomes:

On completion of this module students should: -
1. Understand why shareholder wealth maximisation is considered to be the primary
objective of a business.
2. Achieve a good practical understanding of the 3 principal financial decisions that flow
from shareholder wealth maximisation, namely
• the financing decision,
• the investment decision, and,
• the dividend decision.
3. Appreciate the theoretical principles associated with the 3 principal financial decisions.
4. Develop an understanding of functional financial decisions, such as mergers and asset valuation.
5. Appreciate the linkages between finance and other key business disciplines.

Indicative Module Content:

Topics Covered:
1. Time Value of Money
2. Introduction to Corporate Finance
3. Bond and Stock Valuation
4. Risk and Return
5. The Cost of Capital
6. Capital Budgeting
7. Capital Structure
8. Corporate Payout
9. Risk Management and Derivatives
10. Mergers and Acquisitions

Student Effort Type Hours
Lectures

24

Small Group

1

Specified Learning Activities

30

Autonomous Student Learning

90

Total

145

Requirements, Exclusions and Recommendations
Learning Requirements:

No prior learning required


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: Exam 2 hour End of Trimester Exam No Standard conversion grade scale 40% No

30

Continuous Assessment: There will be 2 MCQ/Short Answer Questions tests Throughout the Trimester n/a Standard conversion grade scale 40% No

30

Group Project: Students will work in groups to value a corporate firm and to present their findings in a report. Coursework (End of Trimester) n/a Standard conversion grade scale 40% No

40


Carry forward of passed components
No
 
Resit In Terminal Exam
Spring Yes - 2 Hour
Feedback Strategy/Strategies

• Group/class feedback, post-assessment
• Peer review activities

How will my Feedback be Delivered?

Students will receive group feedbacks on their project work within 20 days of submission. Each student will be required to write a one-page learning journal.

Textbooks:
1. Hillier, D, Ross, S, Westerfield, R, and Jordan, B, (2016), Corporate Finance, 3rd European Edition, McGraw-Hill Education (ISBN: 9780077173630)
2. Brealey, RA, Myers, SC and Marcus, AJ, (2017), Fundamentals of Corporate Finance, 9th edition, McGraw-Hill Education (ISBN: 9781259722615)
Name Role
Dr Tiffany Thng Lecturer / Co-Lecturer
Mr Binay Pradhan Tutor
Autumn
       
External & School Exams Offering 1 Week(s) - 12 Fri 10:00 - 11:50 Online
Lecture Offering 1 Week(s) - 7, 8, 9, 10, 11 Mon 11:00 - 11:50 Online
Lecture Offering 1 Week(s) - 1, 5 Mon 11:30 - 12:20 Online
Tutorial Offering 1 Week(s) - 3 Mon 12:00 - 13:50 Online
Lecture Offering 1 Week(s) - 5, 7, 8, 9, 10, 11 Thurs 11:00 - 11:50 Online
Tutorial Offering 1 Week(s) - 6 Thurs 12:00 - 13:50 Online
External & School Exams Offering 1 Week(s) - 8 Tues 10:00 - 11:50 Online
Tutorial Offering 1 Week(s) - 7, 9, 10, 11 Tues 12:00 - 13:50 Online
External & School Exams Offering 2 Week(s) - 12 Fri 10:00 - 11:50 Online
Lecture Offering 2 Week(s) - 1, 5, 7, 8, 9, 10, 11 Mon 09:00 - 09:50 Online
Tutorial Offering 2 Week(s) - 3 Mon 09:00 - 10:50 Online
Lecture Offering 2 Week(s) - 5, 7, 8, 9, 10, 11 Thurs 09:00 - 09:50 Online
Tutorial Offering 2 Week(s) - 6 Thurs 09:00 - 10:50 Online
Tutorial Offering 2 Week(s) - 7, 9, 10, 11 Tues 09:00 - 10:50 Online
External & School Exams Offering 2 Week(s) - 8 Tues 10:00 - 11:50 Online
Autumn
       

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