Registry
Module Specifications
Archived Version 2020 - 2021
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Description This module is designed to provide students with a comprehensive understanding of financial management. We take the perspective of the corporate financial manager who wishes to determine the most appropriate and effective ways of acquiring and allocating capital to increase the wealth of 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. We begin by identifying benefits and limitations of the different governance frameworks and the objective function that will help guide decision-making. We then continue by analysing and evaluating investments using various techniques. We follow this by considering the various sources of finance available to firms and factors that drive firm choice regarding capital structure. We will study several issues related to financial management such as dividend policy, how to maximise corporate value, and the financial implications of using various derivative instruments. | |||||||||||||||||||||||||||||||||||||||||
Learning Outcomes 1. examine the objective of financial management, its importance to organizations, and governance principles that will facilitate sound decision making 2. appraise capital investments through the use of appropriate methods and techniques 3. identify and make allowance for the relationship exhibited by financial markets between risk and return 4. evaluate the different sources of finance 5. discuss how businesses create value 6. explain the reasons why firms use derivatives and distinguish between forwards, futures and options | |||||||||||||||||||||||||||||||||||||||||
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 |
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Indicative Content and
Learning Activities Principles and Objectives of Corporate FinanceThis section explores the principles and objectives of the corporate finance function with reference to historic and contemporary expert articles. It critically appraises the concept of maximising shareholder wealth and agency theory.Investment AppraisalThis section explores and evaluates the techniques and decision rules relating to capital budgeting and the allocation of capital across competing projects within the firm.Capital Structure of the FirmThis section looks at the factors that determine the firm-wide cost of capital and the implications that has for the selection of the capital structure of the firm. This section critiques the relevant theoretical frameworks including that relating to capital structure and the literature relating to the proposition of an optimal capital structure for a firm.Sources of FinanceThis section addresses the sources of finance and instruments available to the firm and evaluates them for a firm from a strategic perspective. This section also examines the relationship between the firm and capital markets in the context of the efficient markets hypothesis.Dividend PolicyThis section addresses decisions regarding disbursements of gains from investments - whether they are returned to shareholders or re-invested back into the firm and addresses the implications of this decision for firm value. | |||||||||||||||||||||||||||||||||||||||||
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Indicative Reading List
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Other Resources None | |||||||||||||||||||||||||||||||||||||||||
Programme or List of Programmes |
MBA | Masters in Business Administration |
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