Registry

Module Specifications

Archived Version 2009 - 2010

Module Title	Corporate and Investment Finance
Module Code	EF562
School	DCUBS
Online Module Resources
Level	5	Credit Rating	5
Pre-requisite	None
Co-requisite	None

Module Aims

Corporate & Investment Finance deals with the allocation and acquisition of resources 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.

Learning Outcomes

Indicative Time Allowances
	Hours
Lectures	24
Tutorials	6
Laboratories	0
Seminars	0
Independent Learning Time	45

Total	75
Placements
Assignments

NOTE

Assume that a 5 credit module load represents approximately 75 hours' work, which includes all teaching, in-course assignments, laboratory work or other specialised training and an estimated private learning time associated with the module.

Indicative Syllabus

Introduction to Corporate & Investment Finance
Future and Present Values
How to value stocks and bonds
Investment Decisions - Net Present Value and Capital Budgeting
Risk and Return
CAPM, APT
Cost of Capital
Capital Market Efficiency
Capital Structure
Dividend Policy
Interaction of Investment and Financing Decisions
Issuing Securities
Mergers & Acquisitions
Working Capital Management
Companies in difficulty
Treasury and financial risk management
FX/Interest Rate risk
Derivatives

Assessment
Continuous Assessment	20%	Examination Weight	80%

Indicative Reading List

Core Textbook:

Brealey, R., Myers, S. & Allen, F. Corporate Finance, 8th /Ed, McGraw-Hill, 2006

Indicative Reading List:

Arnold G. Corporate Financial Management, 3rd Ed, FT Prentice Hall, 2005

Ross, A.A., Westerfield, R.W. & Jaffe, J.F., Corporate Finance, 6th Ed, Irwin, 2002

Lumby, S & Jones, C. Investment Appraisal and Financial Decisions, 6th Ed, Chapman & Hall, 1999

Grinblatt, M & Titman, S. Financial Markets and Corporate Strategy, 2nd Ed, McGraw-Hill, 2002

Rutterford, J. Introduction to Stock Exchange Investment, 2nd Ed, MacMillan Press, 1993

Other Readings:

Throughout the course, other additional readings will be recommended. It will be essential for students to obtain and review this information.

Programme or List of Programmes

MBS

MBS in Accounting

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