Gwybodaeth Modiwlau

Module Identifier
AC30500
Module Title
CORPORATE FINANCE
Academic Year
2010/2011
Co-ordinator
Dr Sarah Lindop
Semester
Semester 1 (Taught over 2 semesters)
Pre-Requisite
AC30420
Other Staff
 

Course Delivery

Delivery Type Delivery length / details
Lecture 30 Hours.
Seminars / Tutorials 8 Hours.
 

Assessment

Assessment Type Assessment length / details Proportion
Semester Exam 2 Hours   Unseen written examination  80%
Semester Assessment 2000 word essay  20%
Supplementary Exam 2 Hours   Unseen written examination  100%

Learning Outcomes

Having completed the module, students will be able to:








* Describe and explain the issues of capital structure, dividend policy and leasing versus purchase policy (and associated matters)

* Describe, derive, interpret and apply models which have been proposed to illuminate these issues

* Solve related numerical problems

* Describe, explain and illustrate the evolution of the debate upon these issues

* Compare and contrast differing opinions and positions in these debates

* Assess and criticise the models

* Relate key financial issues one to another, to associated theory and to the preferences and expectations of key stakeholders

* Select, explain and apply appropriate theory to questions and problems

Aims

The aim of this module is to provide a detailed treatment of the following issues, as faced by the directors and mangers of firms:

  • Capital structure
  • Dividend policy
  • Leasing (versus purchase) policy
  • Working capital management
This will be approached by consideration of context in which decisions upon these issues are made; presentation and anlysis of the debates which have surrounded (and continue to surround) them; recourse to the associated theoretic and empirial academic literature; and destruction of the idea of a set of discrete, simple solutions.

Brief description

This module is designed to provide a thorough treatment of the key financial decisions which are faced by the directors and managers of firms.

Outline syllabus


Introduction to corporate finance (including agency and signalling theories)
Relevant aspects of corporate taxation
Capital structure
Dividend policy
Leasing policy
Working capital management

Reading List

Should Be Purchased
Watson, D and Head, A (2009/2010) Corporate Finance: Principles and Practice 5th edition FT Prentice Hall Primo search Recommended Text
Brealey, Richard A. (2003.) Principles of corporate finance /Richard A. Brealey, Stewart C. Myers. 7th ed. McGraw-Hill/Irwin Primo search Emery, Douglas R. (c1997.) Corporate financial management /Douglas R. Emery, John D. Finnerty. Prentice Hall Primo search Levy, Haim. (1994.) Capital investment and financial decisions /Haim Levy and Marshall Sarnat. 5th ed. Prentice Hall Primo search Neale, Bill (Feb. 2004) Business Finance, a Value Based Approach Financial Times/Prentice Hall [Imprint] Primo search Ross, Stephen A. (2005.) Corporate finance /Stephen A. Ross, Randolph W. Westerfield, Jeffrey Jaffe. 7th ed. McGraw-Hill/Irwin Primo search

Notes

This module is at CQFW Level 6