Module Identifier AC30520  
Academic Year 2007/2008  
Co-ordinator Professor Owain M Ap Gwilym  
Semester Semester 2 (Taught over 2 semesters)  
Other staff Mr Athanasios Verousis  
Pre-Requisite AC30420  
Course delivery Lecture   30 Hours.  
  Seminars / Tutorials   8 Hours.  
Assessment TypeAssessment Length/DetailsProportion
Semester Exam2 Hours  80%
Semester Assessment 2,000 word essay20%
Supplementary Exam2 Hours  100%

Learning outcomes

Having completed the module, students will be able to:


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

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 Lists

** Recommended Text
Watson, D and Head, A (2004) Corporate Finance: Principles and Practice 3rd edition. FT Prentice Hall


This module is at CQFW Level 6