By engaging successfully with this module a student will be able to

Transcription

1 MODULE DESCRIPTOR TITLE CORPORATE FINANCE SI MODULE CODE L CREDITS 20 LEVEL 6 JACS CODE N340 - Financial Management SUBJECT GROUP FINANCE AND BANKING - SBS DEPARTMENT Finance, Accounting and Business Systems MODULE LEADER Denzil Watson NOTIONAL STUDY Tutor-led Tutor-directed Self-directed Total Hours HOURS BY TYPE MODULE AIM(S) To develop a critical modern corporate finance theory and its associated concepts in an international business context. To enable students to develop competencies in translating these concepts into an organisational strategic business context. To provide students with a deeper the key decisions made by public limited companies within the international environment in which they operate. To enable students, through the application of appropriate tools and techniques, to both evaluate and solve complex corporate finance. MODULE LEARNING OUTCOMES By engaging successfully with this module a student will be able to On completion of the module you will be able to: 1. Understand modern academic corporate finance theory and be able to offer a critique of these theories. 2. Define the scope, role and purpose of the decision making process within the context of public limited companies, both nationally and internationally, and develop an the interrelated nature of these decisions. 3. Demonstrate a clear the objectives of corporate finance and how such in practice. 4. Apply appropriate tools and techniques to a variety of corporate finance, while demonstrating numerical competency. 5. Evaluate and interpret establish whether or not being.

2 INDICATIVE CONTENT These are examples of the content of the module Sources of long-run finance including equity, debt (including convertibles) and leasing. Company valuation using asset based and going concern valuations. Cost of capital and optimal capital structure theory Dividend relevance versus dividend irrelevance, factors affecting a company's dividend policy and alternatives to cash dividends Portfolio theory, the Capital Asset Pricing Model and the CAPM in investment appraisal. Advanced investment appraisal, including incorporating risk in investment appraisal and appraising overseas investment decisions LEARNING AND TEACHING METHODS Students will be supported in their learning, to achieve the above outcomes, in the following ways Lectures: Lectures are used to introduce and develop key concepts and core knowledge. This then provides a clear framework for analysing particular issues and in corporate finance. Visual aids, such as PowerPoint, will be used in these sessions. Seminars: Seminars are used to review and reflect on material introduced during lectures and through self-study. Activities include students presenting their views, critically discussing aspects of corporate finance theory and the exploration of key concepts in more depth. Students are be required to prepare answer in advance to a variety of numerical questions, many of which are based on past examination questions. These are then worked back through in seminars. These questions are set out in the module manual. Virtual Learning Environment (VLE): The module has a dedicated Blackboard site, which students are expected to access on a regular basis. The Blackboard site is used to communicate information to students outside of contact sessions (via the 'Announcements' page). In addition, the Blackboard site includes: An electronic version of the module learning scheme Links to lecture/powerpoint slides Suggested solutions to seminar questions Interactive practice phase tests Additional back ground reading and information including links to external websites, journals and articles. Weekly Surgery/Meetings: Each module tutor has a weekly 'surgery' time, the details of which are published under 'Staff Details' on the Blackboard site. Outside of scheduled surgery times, students can

3 arrange a one-to-one meeting with their tutor, or alternatively contact him/her by or telephone should they require guidance or advice. ASSESSMENT STRATEGY AND METHODS The assessment focuses the ability to demonstrate a knowledge and relevant concepts and theories in Corporate Finance, and the ability to combine this knowledge and understanding, via relevant techniques, to solve a number of in the area of corporate finance. Assessment is hence split into: Phase test. Written examination (time-constrained and unseen) testing more advanced numerical and the understanding and ability to critique corporate finance theory. Task. TASK DESCRIPTION SI % Weighting Code of overall module mark Word Count / Duration 1 Coursework CW 40 2 hours 2 Examination EX 60 3 hours In-module retrieval available Percentage Pass Mark or Pass/Fail

4 ASSESSMENT CRITERIA Learning Fail Pass First Outcome 1 Little Basic Reasonable Good Excellent understanding understanding modern finance of modern modern finance of modern modern finance theory finance theory theory and ability finance theory theory with the to offer a basic critique and good and insightful critique ability to offer an increasingly advanced critique 2 Little awareness of the scope, role and purpose of the decisions 3 Little or no corporate finance objectives and how they are in practice Basic 4 Shows no ability to use appropriate tools and techniques to solve numerical 5 evaluation and interpretation of hence an inability to draw conclusions as to whether being. Basic awareness of the scope, role and purpose of the decisions understanding of the objectives of corporate finance and limited understanding of they are Shows limited ability to use appropriate tools and techniques to solve numerical Limited evaluation and interpretation of basic conclusions as to whether being. Reasonable awareness of the scope, role and purpose of the decisions Reasonable both the objectives of corporate finance and how they are Shows reasonable ability to use appropriate tools and techniques to solve numerical Satisfactory evaluation and interpretation of reasonable conclusions as to whether being. Good awareness of the scope, role and purpose of the decisions and their interrelated nature Good understanding of the objectives of corporate finance and how they are Shows good ability to use appropriate tools and techniques to solve numerical Good evaluation and interpretation of insightful conclusions as to whether being. Excellent awareness of the scope, role and purpose of the decisions and an advanced their interrelated nature Advanced the objectives of corporate finance and how they are Shows excellent ability to use appropriate tools and techniques to solve numerical Excellent evaluation and interpretation of information and perceptive conclusions as to whether being.

5 FEEDBACK Students will receive feedback on their performance in the following ways Formative In tutorials: students receive formative feedback on an on-going basis during their seminars. Students will be able to review their progress by comparing their own answers to seminar questions and suggested answers/solutions, in addition to receiving verbal feedback regarding their ability to solve numerical questions and critically evaluate theoretical aspects of the module. Formative feedback to help student's preparation for both the phase test and examination will be provided via the use of several on-line non-assessed phase tests. Summative Results and suggested solutions for the phase tests are given to students shortly after its sitting, providing both summative and formative feedback. Summative feedback on the examination and overall module performance will be provided after the examination board has considered the results and will be distributed electronically. Students will be given the opportunity for individual feedback. LEARNING RESOURCES (INCLUDING READING LISTS) The module leader liaises closely with the University Learning Centre to ensure a wide variety of the latest books and articles are available to aid your studies. You will also be able to utilise the online journals database via the learning centre website. The module guide will outline key readings along with utilising the Talis reading list system. Electronic copies of all teaching materials will be placed on Blackboard along with sample assessments, formative work, weblinks and additional resources. A discussion board will be available so that you are able to communicate with your fellow students and tutors Core text: Head, A. and Watson, D. Corporate Finance: Principles and Practice

6 SECTION 2 'MODEL A' MODULE (INFORMATION FOR STAFF ONLY) MODULE DELIVERY AND ASSESSMENT MANAGEMENT INFORMATION MODULE STATUS - INDICATE IF ANY CHANGES BEING MADE NEW MODULE EXISTING MODULE - NO CHANGE Title Change Level Change Credit Change Assessment Pattern Change Change to Delivery Pattern Date the changes (or new module) will be implemented Yes 01/Sep/2014 MODULE DELIVERY PATTERN 17/Sep/2012 Module Begins Module Ends 30/May/2013 Is timetabled contact time required for this module? Are any staff teaching on this module non-shu employees? Yes FINAL TASK According to the Assessment Strategy shown in the Module Descriptor, which task will be the LAST TASK to be taken or handedin? (Give task number as shown in the Assessment Strategy) Task. 2