Module Overview


This module builds on students’ practical and theoretical knowledge of financial management. The course is designed to develop students’ understanding of the links between the theory and practice of financial management. It demonstrates the evolution of practical decision making tools arising from financial management theory, and focuses on the application and critical appraisal of these tools. In addition, it explores the role of financial strategy in achieving organisational goals, and provides students with the skills necessary to develop and implement a range of financial strategies. This module is of importance to those intending careers in the financial services industry, particularly as professional accountants.

Module Code

FNCE 9011

ECTS Credits


*Curricular information is subject to change

Long-Term Financing

Types of equity and debt, obtaining a listing and issuing securities, security valuation, project finance.

Short-Term and Medium-Term Financing

Bank financing, inventory financing, leasing and hire purchase agreements.

Financial Markets and Market Efficiency

Primary and Secondary Markets, financial intermediaries, efficient market hypothesis, behavioural finance.

Capital Structure

MM Irrelevancy Theory, theories of capital structure, empirical research findings

Dividend Policy

MM Irrelevancy Theory, theories of dividend policy, other distribution methods, empirical research findings.

Working Capital Management

Cash conversion cycle, managing trade receivables, inventory and trade payables, cash management, corporate failure

Risk Management

Hedging techniques, types of derivatives, exchange rate risk, interest rate risk

Mergers and Takeovers

Types of mergers/takeovers, motives for mergers/takeovers, defensive tactics, paying for a takeover, evaluating a merger/takeover, regulation, post merger/takeover management.

Face to Face Teaching

Lecture-based approach using PowerPoint slides, practical exercises and various media sources. This will be supported by lab work using Excel.


Online Teaching

Live webinars and recorded screencasts will be used to supplement in-class face to face lectures.


Module Content & Assessment
Assessment Breakdown %
Formal Examination80
Other Assessment(s)20