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Module Specifications

Current Academic Year 2012 - 2013
Please note that this information is subject to change.

Module Title Corporate Financial Managment
Module Code EF544
School DCUBS
Online Module Resources

Module TeacherJenny Berrill
NFQ level 8 Credit Rating 5
Pre-requisite None
Co-requisite None
Compatibles None
Incompatibles None
Description
The perspective of this module is that of the corporate financial manager who determines the most appropriate and effective ways of acquiring and allocating capital to increase the wealth of the shareholders. Therefore, the objective of the module is to equip the corporate financial manager with the tools available to create value from the firm's financing and investment activities. The module also aims to place corporate treasury management within the wider context of financial management.

Learning Outcomes
1. Analyse the concept of financial management and its importance to organisations
2. Apply a range of computational techniques to a variety of corporate investment appraisal problems
3. Identify and make allowance for the relationship exhibited by financial markets between risk and return
4. Interpret and evaluate findings from empirical studies relating to corporate finance decision making
5. Provide an in-depth analysis of pricing theories in finance including the Capital Asset Pricing Model (CAPM)



Workload Full-time hours per semester
Type Hours Description
Lecture24Formal lectures
Assignment30Group project
Examination30Revision for terminal examination
Independent learning41Preperation for lectures
Total Workload: 125

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities
Introduction.
objectives of the firm, the role of the corporate treasurer within corporate financial management, treasury policy and control..

Valuation of Securities.
valuation of cashflows, valuation of equity and bonds..

Capital Budgeting Techniques and Strategy.
NPV, IRR and alternative investment criteria, investment decisions and risk, organisation of capital expenditure and evaluation of performance..

Sources and Costs of Funds.
introduction to long-term sources of funds, cost of equity capital, cost of debt capital, the weighted average cost of capital (WACC)..

Capital Structure Determination.
can an optimal debt-equity ratio be determined, Modigliani and Miller propositions, the role of taxes, agency theory, signaling and limits to the use of debt..

Mergers and Acquisitions.
determinants of synergy, valuation of business, impact of funding, defensive tactics..

Assessment Breakdown
Continuous Assessment40% Examination Weight60%
Course Work Breakdown
TypeDescription% of totalAssessment Date
Group project Group project consisting of group presentation and report (equally weighted at 20% each). This project covers practical application of the course material40%Week 12
Reassessment Requirement
Resit arrangements are explained by the following categories;
1 = A resit is available for all components of the module
2 = No resit is available for 100% continuous assessment module
3 = No resit is available for the continuous assessment component
This module is category 1
Indicative Reading List
  • Brealey, R., S. Myers, A. Marcus: 2011, Principles of Corporate Finance, Global Edition, McGraw Hill,
  • Ross, A., R. Westerfield, J. Jaffe, B. Jordan: 2011, Core Principles and Applications of Corporate Finance, 3rd,
  • P. Atrill: 2009, Financial Management for Decision-Makers, FT Prentice Hall,
Other Resources
None
Array
Programme or List of Programmes
CCTGraduate Cert.in Corporate Treasury
Timetable this semester: Timetable for EF544
Date of Last Revision21-SEP-11
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