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.
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 Examination | 80 |
| Other Assessment(s) | 20 |