Module Specifications.
Current Academic Year 2024 - 2025
All Module information is indicative, and this portal is an interim interface pending the full upgrade of Coursebuilder and subsequent integration to the new DCU Student Information System (DCU Key).
As such, this is a point in time view of data which will be refreshed periodically. Some fields/data may not yet be available pending the completion of the full Coursebuilder upgrade and integration project. We will post status updates as they become available. Thank you for your patience and understanding.
Date posted: September 2024
| |||||||||||||||||||||||||||||||||||||||||||
|
None Array |
|||||||||||||||||||||||||||||||||||||||||||
|
Description The purpose of this module is to provide students with an understanding of how firms acquire resources, and allocate them among the firms present and potential activities and projects. Our perspective is that of the financial manager who must determine the best method for finding and allocating capital to increase the wealth of the firms shareholders. The objective of this course is, therefore, to equip the corporate manager with the tools and techniques available to create value from the firms financing and investment decisions. Concepts such as corporate objectives, business risk, financial risk and the valuation of financial assets are studied. Major policy areas of the firm covering investment appraisal, optimal capital structure, dividend payout and treasury policy are also examined. Special emphasis is placed on long-term managerial policies and the relevance of corporate finance to the accountant. Students will actively participate in weekly lectures. | |||||||||||||||||||||||||||||||||||||||||||
|
Learning Outcomes 1. Apply valuation techniques to companies and projects. 2. Assess investment appraisal techniques and critically compare their merits. 3. Identify key factors that influence the methods by which a company funds its operations 4. Determine the cost of capital for a company. | |||||||||||||||||||||||||||||||||||||||||||
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 to Corporate & Investment FinanceThis section introduces students to the concepts we will cover, plus looks at time value of money.Investment DecisionsStudents study net present value and capital budgeting techniques in the context of investment appraisal.Risk and ReturnPortfolio theory, CAPM and APT form the basis of a section on cost of capital.Capital StructureThe firms capital structure decision is examined, both theoretically and practically. The interaction of investment and financing decisions is studied, with dividend policy.Treasury managementTreasury and financial risk management are conceptually introduced, and FX/Interest Rate derivatives are examined specifically.Dividend PolicyDividend irrelevancy hypothesis - factors affecting a firm's dividend and retention policyMergersUnderstand and calculate the impact on earnings and on market value of companies involved in mergers | |||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||
Indicative Reading List
| |||||||||||||||||||||||||||||||||||||||||||
|
Other Resources None | |||||||||||||||||||||||||||||||||||||||||||