This is the only finance module that looks at finance from the perspective of the firm rather than the investor. It is a key module for those planning to work in the finance area of a firm or for those who wish to understand the relationship between firms and financial markets.
- Investment Appraisal: Fundamentals
- Investment Appraisal: Applications
- Financing the Firm
- Capital Structure 1: The CAPM and Modigliani Miller
- Capital Structure 2: Real World Extensions
- The Weighted Average Cost of Capital
- Valuation and real options
- Mergers and Acquisitions
- Corporate Governance
If you complete the course successfully, you should be able to:
- Understand how firms finance themselves, the financial strategy of corporations, financial structures and its management
- Articulate and evaluate the key financial concepts of: Net Present Value, the cost of capital, capital structure as well as the issues arising from the use of different capital structures
- Reason critically with respect to alternative corporate finance strategies
- Identify optimal financial strategies according to the set of information available
- Adopt alternative financial strategies once the set of information changes
- Calculate key information in the decision-making process.
- Evaluate financial data to understand the financial strategy of corporations
- Professional financial tool skills and case studies interpretation skills to support decisions
- The ability to work both independently and in teams to create and manage financial strategies
- The skills to present highly technical financial material to non-practitioners simply and clearly
- The ability to synthesise and use information and materials from a variety of different sources to support an argument
- Research skills into international corporate finance problems and the application of these in the assembling and analysis of financial strategies
This module is assessed by:
Coursework (30% weighting):
- There is one item of coursework for this module which contributes to the final assessment mark forthis module:
- Coursework: a written essay of a maximum of 2,000 or 2,500 words (deadline – weeks 9-12) The coursework is designed to check student progress, extend and reinforce concepts covered and also test individual performance.
Examination (70% weighting):
- The final piece of assessment will be an unseen written examination of 2 hours’ duration.
The following is provided as part of the course materials after you register:
- Berk J. and DeMarzo P., Corporate Finance, Pearson, 2014