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AC.F214M: Principles of Finance


Department: Accounting and Finance NCF Level: FHEQ/QCF/NQF5//RQF5
Study Level: Part II (any yr) Credit Points: 15.0
Start Date: 12-10-2017 End Date: 27-04-2018
Available for Online Enrolment?: Y Enrolment Restriction: Fully available to all students
Module Convenor:

Syllabus Rules and Pre-requisites

  • The student must take 1 modules from the following group:
  • The following modules may not be taken:

Curriculum Design: Outline Syllabus

  • LECTURES 1-2: FUNDAMENTALS OF CAPITAL BUDGETING

    LECTURES 3-4: RISK, RETURN AND THE COST OF CAPITAL

    LECTURE 5:  THE EFFICIENT MARKETS HYPOTHESIS AND BEHAVIOURAL FINANCE

    LECTURE 6:  CAPITAL STRUCTURE

    LECTURE 7:  CAPITAL STRUCTURE (CONT.)

    LECTURE 8:  PAYOUT POLICY

    LECTURE 9:  FUTURES and FORWARDS

    LECTURE 10: OPTION MARKETS

    You will be expected to read the lecture slides in addition to the chapters in the text book. The lecture outline is meant as guidance only and may be adjusted during the course.

Curriculum Design: Pre-requisites/Co-requisites/Exclusions

  • Pre-requisites Ac.F100 or Ac.F263M/L.

Curriculum Design: Single, Combined or Consortial Schemes to which the Module Contributes

  • Single, Combined or Consortial  Schemes provided that the pre-requisite is completed.
  • 75% Exam
  • 25% Coursework

Assessment: Details of Assessment

  • Students must complete coursework/test during the course worth 25% of the overall mark.
    Student must take the examination during the main summer exam period worth 75% of the overall mark.

Educational Aims: Subject Specific: Knowledge, Understanding and Skills

  • This 15 credit course is compulsory for students majoring in accounting and/or finance and optional for those on other degrees, with Ac.F100 or Ac.F263 (or equivalent) being the prerequisite. The course aims to describe the theory and practice of financial decision making to cope with the practical financial problems that both firms and individuals are likely to confront. More specifically, the course aims to provide the basics for project evaluation, introduce the notion of risk, its role in investments and the methods to cope with it, and discuss how firms raise funds to undertake their investments. To equip the students with the necessary tools for dealing with such issues, this course focuses on the following subjects:

    • Capital investment appraisal techniques

    • The theory of risk, return and the cost of capital, including portfolio theory and the capital asset pricing model (CAPM)

    • The efficient markets hypothesis (EMH) and an introduction to behavioural finance

    • Capital structure and payout policy

    • Options and other derivatives: introduction and selected applications.

Educational Aims: General: Knowledge, Understanding and Skills

  • This 15 credit course is compulsory for students majoring in accounting and/or finance and optional for those on other degrees, with Ac.F100 or Ac.F263 (or equivalent) being the prerequisite. The course aims to describe the theory and practice of financial decision making to cope with the practical financial problems that both firms and individuals are likely to confront. More specifically, the course aims to provide the basics for project evaluation, introduce the notion of risk, its role in investments and the methods to cope with it, and discuss how firms raise funds to undertake their investments.

Learning Outcomes: Subject Specific: Knowledge, Understanding and Skills

  •  

    By the end of the course, students should:

     

    • Assess investment projects using capital budgeting techniques, and understand the problems associated with applying such techniques in practice;

    • Understand the relationship between risk and required return and interpret the capital asset pricing model;

    • Understand the concept and practical implications of market efficiency; be able to provide a number of rational and behavioural explanations of selected market anomalies;

    • Interpret the determinants of a firm’s capital structure choice and payout policy;

    • Have a basic understanding of futures and forwards contracts, demonstrate payoffs of simple options.

     

     

Contact Information

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