Registry
Module Specifications
Archived Version 2023 - 2024
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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 |
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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 | |||||||||||||||||||||||||||||||||||||||||
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Indicative Reading List
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Other Resources None | |||||||||||||||||||||||||||||||||||||||||
Programme or List of Programmes |
MBS | MSc in Accounting |
- See the module specification for EF562 in 2003 - 2004
- See the module specification for EF562 in 2004 - 2005
- See the module specification for EF562 in 2005 - 2006
- See the module specification for EF562 in 2006 - 2007
- See the module specification for EF562 in 2007 - 2008
- See the module specification for EF562 in 2008 - 2009
- See the module specification for EF562 in 2009 - 2010
- See the module specification for EF562 in 2010 - 2011
- See the module specification for EF562 in 2011 - 2012
- See the module specification for EF562 in 2012 - 2013
- See the module specification for EF562 in 2013 - 2014
- See the module specification for EF562 in 2014 - 2015
- See the module specification for EF562 in 2015 - 2016
- See the module specification for EF562 in 2016 - 2017
- See the module specification for EF562 in 2017 - 2018
- See the module specification for EF562 in 2018 - 2019
- See the module specification for EF562 in 2019 - 2020
- See the module specification for EF562 in 2020 - 2021
- See the module specification for EF562 in 2021 - 2022
- See the module specification for EF562 in 2022 - 2023
- See the module specification for EF562 in 2023 - 2024
- See the module specification for the current year