Learning Outcomes:

On successful completion of this module you will:
• Be able to use financial statements to assess a company's financial health.
• Appreciate the key distinction between corporate profitability and cashflow and the consequent implications for long- term value creation
• Understand how to identify value creating investments.
• Develop estimates of expected future cash flows and discount them to measure present value.
• Identify the different sources of financing and their benefits and limitations.
• Understand the factors that affects a firm's decision to retain earnings or distribute them as dividends.

Student Effort Type	Hours
Lectures	24
Small Group	1
Specified Learning Activities	50
Autonomous Student Learning	51
Total	126

Not applicable to this module.

Not applicable to this module.
 

Assessment Strategy  

Description	Timing		Component Scale		% of Final Grade
Examination: Final Examination	2 hour End of Trimester Exam	No	Graded	No	50
Group Project: Applied work in regard to one major aspect of the module.	Coursework (End of Trimester)	n/a	Graded	No	30
Multiple Choice Questionnaire: A Brightspace Quiz (i.e. on-line) to test your mastery of Time Value of Money (TVM) and some associated concepts. Technically it is not an MCQ as all of the questions are calculation based.	Unspecified	n/a	Standard conversion grade scale 40%	No	20

 

Resit In	Terminal Exam
Spring	Yes - 2 Hour

• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment
• Peer review activities

Feedback will be given during the course of the trimester. Formal written feedback will be given for all assignments with the excepetion of the terminal assignment.

§Brealey, Myers & Allen (2020) Principles of Corporate Finance 13th ed., McGraw Hill (The best "all-round" corporate finance book - the downside is the US focus).
https://www.mheducation.co.uk/ise-principles-of-corporate-finance-9781260565553-emea-group
This will be the textbook the module is primarily based on.

§Brealey, Myers & Marcus (2020) Fundamentals of Corporate Finance 10th ed., McGraw Hill gives a slightly more introductory treatment. Probably all you need but if the area really interests you the "Principles" book is better.

Hillier, D., S. Ross, R. Westerfield and J. Jaffe, Corporate Finance, Second European edition, McGraw Hill

Supplemental Texts – Finance
§Koller, Goedhart & Wessels (2020) Valuation 7th ed., Wiley (no need to buy - will be of interest if valuation is your particular interest)

Supplemental Texts – Cost Behaviour (Management Accounting)
§Drury (2021) Management & Cost Accounting, 11th edition, Cengage (again, no need to buy)


§ These books should be available in the library. Earlier editions are fine. The examples change and the tax comments may be out of date - not a major issue.

Autumn
Lecture	Offering 1	Week(s) - 0, 1, 2, 3, 4, 5, 7, 8, 9, 10, 11, 12	Thurs 08:30 - 10:20
Lecture	Offering 1	Week(s) - 4	Tues 14:30 - 16:20
Autumn