DCU Home | Our Courses | Loop | Registry | Library | Search DCU

Registry

Module Specifications

Archived Version 2014 - 2015

Module Title Financial Management
Module Code EF209
School DCUBS

Online Module Resources

Module Co-ordinatorDr Mark CumminsOffice NumberQ132
NFQ level 8 Credit Rating 5
Pre-requisite None
Co-requisite None
Compatibles None
Incompatibles None
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. Special emphasis is placed on long-term managerial policies and the relevance of financial management. Students are expected to participate in weekly lectures.

Learning Outcomes

1. Clearly explain why money now is more valuable than money in the future (the time value of money)
2. Critically appraise the various techniques used to evaluate investments
3. Calculate the returns, variances and standard deviations for any asset or portfolio
4. Explain the difference between equity and debt financing
5. Discuss how a business creates value



Workload Full-time hours per semester
Type Hours Description
Lecture24No Description
Independent Study24Library reading in preparation for lectures
Lecture12Contribution to debate
Lecture24Sample questions
Independent Study51Revision
Total Workload: 135

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

Organizational and financial goals
Students are introduced to the nature, purposes and origin of financial management and its relationship with other disciplines. The importance of investing and financing decisions are outlined in the context of shareholder wealth maximisation.

Valuation and Capital Investment Decisions
Time value of money is conceptually introduced, and valuation models are critically appraised. Problems in evaluating investment proposals and studied and techniques of investment appraisal are outlined. The practical application of capital budgeting techniques are then explored in detail.

Sources of Long-Term Finance
The sources and availability of long-term finance including share capital, retained earnings, debt, government sources and venture capital are explored. The analysis of the factors influencing the financing mix decision leads to future sections.

Cost of Capital
Concept of the cost of capital is introduced. Models for costs of equity and debt finance are studied and models of capital structure are explored both theoretically and practically.

Assessment Breakdown
Continuous Assessment30% Examination Weight70%
Course Work Breakdown
TypeDescription% of totalAssessment Date
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
Unavailable
Indicative Reading List

  • Lumby, Stephen: 0, Investment and Financing Decisions, 5,
Other Resources

None
Programme or List of Programmes
AMPSBSc in Aviation Management
BSBachelor of Business Studies
BSSAStudy Abroad (DCU Business School)
BSSAOStudy Abroad (DCU Business School)
ECSAStudy Abroad (Engineering & Computing)
ECSAOStudy Abroad (Engineering & Computing)
HMSAStudy Abroad (Humanities & Soc Science)
HMSAOStudy Abroad (Humanities & Soc Science)
INTBBachelor Business Studies International
SHSAStudy Abroad (Science & Health)
SHSAOStudy Abroad (Science & Health)
Archives: