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MN20503: Intermediate corporate finance for managers

Follow this link for further information on academic years Academic Year: 2019/0
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Intermediate (FHEQ level 5)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 25%, EX 75%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 25% - Qualifying Mark: 35)
  • Examination (EX 75% - Qualifying Mark: 35)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before or while taking this module you must ( take MN10500 AND take MN20502 ) OR take ES20070
Further information on descriptions Description: Aims:
This unit will explore theoretical issues in corporate finance and will enable students to understand the practical issues involved in a firm's investment and financing decisions.

Learning Outcomes:
By the end of this unit, the student should be able to:
* Perform numerical analyses of investment appraisal and capital structure decisions.
* Discuss the results of the aforementioned analyses.
* Write management-style reports recommending optimal investment and financing policies, considering all of the issues involved.

Skills:
Intellectual skills
* The ability to perform investment appraisal and capital structure techniques.
* The ability to assess mergers and takeovers.
* The ability to price options.
Professional/practical skills.
* The ability to present corporate finance decisions to management.
Transferable/key skills
* The ability to apply financial techniques to management decisions.
Personal/interpersonal
* The ability to communicate information regarding complex financial decisions to users of such information.

Content:
New Investment Appraisal (particularly decision trees, risk analysis, and real options)
Cost of Capital (capital asset pricing model and arbitrage pricing models)
The effect of capital structure on firm value (particularly the effects of managerial incentives and signalling on a firm's financing decisions)
Optimum Capital Structure, with regard to tax, agency costs, and signalling.
Convertible debt.
Risk Management.
Dividend Policy.
Analysis of distressed companies.
Takeovers.
Further information on programme availabilityProgramme availability:

MN20503 is a Generally Available Unit which is available to all students of the University (subject to the usual constraints) to take either as a Director of Studies approved option within their programme of study or as an 'extra' unit which does not count towards a final award.

MN20503 is Optional on the following programmes:

Department of Chemistry
  • USCH-AFB03 : BSc(Hons) Chemistry with Management (Year 3)
  • USCH-AAB04 : BSc(Hons) Chemistry with Management with Study year abroad (Year 4)
  • USCH-AKB04 : BSc(Hons) Chemistry with Management with Industrial Placement (Year 4)
  • USCH-AFM07 : MSci(Hons) Chemistry with Management (Year 3)
  • USCH-AKM07 : MSci(Hons) Chemistry with Management with Industrial Placement (Year 4)
Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 2)
  • UHES-AAB03 : BSc(Hons) Economics with Study year abroad (Year 2)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 2)
  • UHES-ACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 2)
Department of Mathematical Sciences
  • USMA-AFB15 : BSc(Hons) Mathematical Sciences (Year 3)
  • USMA-AAB16 : BSc(Hons) Mathematical Sciences with Study year abroad (Year 4)
  • USMA-AKB16 : BSc(Hons) Mathematical Sciences with Year long work placement (Year 4)
  • USMA-AFB05 : BSc(Hons) Statistics (Year 3)
  • USMA-AAB06 : BSc(Hons) Statistics with Study year abroad (Year 4)
  • USMA-AKB06 : BSc(Hons) Statistics with Year long work placement (Year 4)
  • USMA-AFM14 : MMath(Hons) Mathematics (Year 3)
  • USMA-AKM15 : MMath(Hons) Mathematics with Year long work placement (Year 4)
Department of Politics, Languages and International Studies
  • UHPL-AFB10 : BSc(Hons) Politics with Economics (Year 2)
  • UHPL-AAB10 : BSc(Hons) Politics with Economics with Study year abroad (Year 2)
  • UHPL-AKB10 : BSc(Hons) Politics with Economics with Year long work placement (Year 2)

Notes: