FIN08011 2022 Corporate Financial Management 2
Full Title
Corporate Financial Management 2
Transcript Title
Cor Fin Mgt 2
Code
FIN08011
Attendance
N/A %
Subject Area
FIN - Finance
Department
BUS - Business
Level
08 - NFQ Level 8
Credit
05 - 05 Credits
Duration
Stage
Fee
€
Start Term
2022 - Full Academic Year 2022-23
End Term
9999 - The End of Time
Author(s)
Riona Lyons
Programme Membership
SG_BBUSI_H08 202200 Bachelor of Business (Honours) in Business
SG_BFINV_K08 202200 Bachelor of Business (Honours) in Business with Finance and Investment (Add-on)
SG_BFINA_H08 202200 Bachelor of Business (Honours) in Finance and Investment
SG_BBUSB_H08 202200 Bachelor of Business (Honours) in Business
SG_BBUSI_H08 202200 Bachelor of Business (Honours) in Business
Description
The aim of this module is to enable students to develop a comprehensive appreciation of aspects of financial management including the implications of different capital structures for organisations and the importance of establishing policies for the efficient management of the individual elements of working capital.
Learning Outcomes
On completion of this module the learner will/should be able to;
1.
Identify a company's capital structure and understand the implications of possible debt-equity mixes.
2.
Calculate the weighted average cost of capital for a business and appreciate the conditions where it is appropriate to use this.
3.
Understand the importance of dividends and discuss the factors to be considered by organisations in establishing a dividend policy
4.
Identify the main elements of working capital in an organisation and the importance of developing policies to efficiently manage these elements.
5.
Understand the relationship between investment risk and return
Teaching and Learning Strategies
This module will be delivered through a combination of lectures and practical tutorials.
Module Assessment Strategies
This module will be assessed through a combination of appropriate assessment(s) and exam. Assessments will contain theoretical and numerical parts.
Repeat Assessments
Repeat assessments will be developed in accordance with the requirements of the module.
Indicative Syllabus
LO1: Identify a company's capital structure and understand the implications of possible debt-equity mixes.
- Evaluate different capital structure options available to a business
- Explain the key points in the debate over whether a business has an optimal capital structure
LO2: Calculate the weighted average cost of capital for a business and appreciate the conditions where it is appropriate to use this.
- Calculate the cost of equity, preference share capital and debt capital and using the market value propositions calculate the WACC (Weighted Average Cost of Capital) for a business
- Assess its usefulness when making investment decisions
LO3: Understand the importance of dividends and discuss the factors to be considered by organisations in establishing a dividend policy.
- Describe the nature of dividends and evaluate the arguments concerning their potential impact on shareholder wealth
- Describe the nature of scrip dividends and discuss the case for and against this form of distribution
- Explain what share buybacks involve and discuss the main issues that they raise
LO4: Identify the main elements of working capital in an organisation and the importance of developing policies to efficiently manage these elements.
- Main elements: Inventory, Trade Receivables, Trade Payables, and Cash.
- Discuss the purpose of working capital and the nature of the working capital cycle
- Policies for the control of working capital and factors to be taken into account when managing each element of the working capital.
LO5: Understand the relationship between investment risk and return.
- Trade-off between risk and return
Coursework & Assessment Breakdown
Coursework & Continuous Assessment
20 %
End of Semester / Year Formal Exam
80 %
Coursework Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Continuous Assessment | Coursework Assessment | UNKNOWN | 20 % | Week 8 | 1,2,4 |
End of Semester / Year Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Final Exam End of semester exam | Final Exam | UNKNOWN | 80 % | End of Term | 1,2,3,4,5 |
Full Time Mode Workload
| Type | Location | Description | Hours | Frequency | Avg Workload |
|---|---|---|---|---|---|
| Independent Learning | UNKNOWN | study, newspapers, individual research | 3 | Weekly | 3.00 |
| Lecture | Not Specified | Lecture | 4 | Weekly | 4.00 |
Total Full Time Average Weekly Learner Contact Time 4.00 Hours
Required & Recommended Book List
Required Reading
2018-08 Accounting and Finance for Non-specialists Pearson Higher Education
ISBN 1292244011 ISBN-13 9781292244013
2018-08 Accounting and Finance for Non-specialists Pearson Higher Education
ISBN 1292244011 ISBN-13 9781292244013
The 11th edition of this market-leading text offers an accessible, effective introduction to key accounting and finance topics. With a step-by-step approach and a focus on decision making, Accounting and Finance for Non-Specialists teaches you how to apply your learning to real-world business scenarios.
Required Reading
2017-03-09 Financial Management for Decision Makers
ISBN 129213433X ISBN-13 9781292134338
2017-03-09 Financial Management for Decision Makers
ISBN 129213433X ISBN-13 9781292134338
Now in its eighth edition, Financial Management for Decision Makers provides a unique focus on the practical application of financial management and its role in decision making. With its innovative, open-learning approach, it provides an ideal introduction to the world of financial management for students.
Module Resources
Non ISBN Literary Resources
Financial Management for Decision Makers - Peter Atrill - Prentice Hall
Other Resources
None
Additional Information
None