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MN20503: Intermediate corporate finance for managers

Follow this link for further information on academic years Academic Year: 2012/3
Follow this link for further information on owning departmentsOwning Department/School: School of Management
Follow this link for further information on credits Credits: 6
Follow this link for further information on unit levels Level: Intermediate (FHEQ level 5)
Follow this link for further information on period slots Period: Semester 2
Follow this link for further information on unit assessment Assessment: CW 25%, EX 75%
Follow this link for further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Follow this link for further information on unit rules Requisites: Before taking this unit you must (take MN10500 and take MN20502) or take ES20070
Follow this link for further information on unit content 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.
Follow this link for 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.

  • UXXX-AFN99 : Generally available catalogue - No specified year

MN20503 is Optional on the following programmes:

Department of Chemistry
  • USCH-AFB03 : BSc (hons) Chemistry with Management (Full-time) - Year 3
  • USCH-AKB04 : BSc (hons) Chemistry with Management with Industrial Training (Full-time with Thick Sandwich Placement) - Year 4
  • USCH-AAB04 : BSc (hons) Chemistry with Management with Study Year Abroad (Full-time with Study Year Abroad) - Year 4
  • USCH-AFM07 : MSci (hons) Chemistry with Management (Full-time) - Year 3
  • USCH-AKM07 : MSci (hons) Chemistry with Management with Industrial Training (Full-time with Thick Sandwich Placement) - Year 4
Department of Economics
  • UHES-AFB03 : BSc (hons) Economics (Full-time) - Year 2
  • UHES-AKB03 : BSc (hons) Economics (Full-time with Thick Sandwich Placement) - Year 2

Notes:
* This unit catalogue is applicable for the 2012/13 academic year only. Students continuing their studies into 2013/14 and beyond should not assume that this unit will be available in future years in the format displayed here for 2012/13.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.