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AC.F302: Corporate Finance
|Department: Accounting and Finance||NCF Level: FHEQ/QCF/NQF6//RQF6|
|Study Level: Part II (final year)||Credit Points: 15.0|
|Start Date: 15-01-2018||End Date: 04-05-2018|
|Available for Online Enrolment?: Y||Enrolment Restriction: Fully available to all students|
|Module Convenor: Dr M Ghaly|
- Syllabus Rules and Lancaster Part II Pre-requisites
- Curriculum Design
- Assessment Weights
- Educational Aims
- Learning Outcomes
- Part 1 Modules Video
- Teaching Pattern
Syllabus Rules and Pre-requisites
- The student must take 1 modules from the following group:
This course equips students with the knowledge to apply the techniques that have been developed in corporate finance to real world situations. It builds on and extends the concepts covered in the basic financial management courses. The major topics covered include capital budgeting, capital structure, corporate valuation, corporate restructuring, merger and acquisitions, dividend policies, and application of options in Corporate Finance.
Curriculum Design: Outline Syllabus
Financing Decisions and Efficient Markets, Types of Long-Term Financing
Limits to the Use of Debt
Valuation and Capital Budgeting for the Levered Firm
Equity Financing and short term financing
Debt Financing and Leasing
Corporate payout policy
Options, Extensions and Applications of options
- 75% Exam
- 25% Coursework
Educational Aims: Subject Specific: Knowledge, Understanding and Skills
The core objectives of AcF 302 are:
- To deepen the understanding of traditional corporate finance paradigms.
- To extend the Modigliani and Miller theory of capital structure by incorporating taxes and bankruptcy costs.
- To provide an overview of more applied topics in corporate finance, such as leasing, issuing new securities, and corporate payout policy.
- To show how option pricing models can be applied to a number of corporate finance problems.
- To address fundamental aspects of corporate risk management.
Learning Outcomes: Subject Specific: Knowledge, Understanding and Skills
By the end of the course, students should:
- be familiar with the conflicting objectives affecting capital structure decisions,
- have an understanding of the various financing instruments available to firms,
- be able to value new investment projects under leverage,
- be able to identify option features in corporate decisions and value these options.
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