Module Information
Course Delivery
Assessment
| Assessment Type | Assessment length / details | Proportion |
|---|---|---|
| Semester Assessment | Case study 2000 Words | 40% |
| Semester Exam | 2 Hours Exam | 60% |
| Supplementary Assessment | Case study 2000 Words | 40% |
| Supplementary Exam | 2 Hours Exam | 60% |
Learning Outcomes
On successful completion of this module students should be able to:
Explain the role and nature of financial strategy and its relationship to shareholder value.
Analyse the formulation of financial strategy for an organisation in relation to its objectives and internal and external constraints.
Evaluate investment opportunities through the use of appropriate techniques.
Determine the financial value of a business by reference to a range of valuation methods.
Evaluate the motives for, and financial implications of, mergers and acquisitions, ownership restructuring and leverage buyouts.
Brief description
The module is concerned with the role of financial strategy in the investing, financing and resource-allocation decisions within an organization. Formulation of financial strategy is a complex process involving aspects of financial decision making, investment appraisal, assessing risk and return, and identifying sources of funding. The module provides an understanding of the way in which financial strategy can add value to the overall corporate strategy used by an organization. Relevant theories of corporate finance are addressed, and there is coverage of topics such as the valuation of businesses, and mergers, acquisitions and takeovers.
Content
Investment appraisal methods
Evaluation of investments: steps and techniques
Capital budgeting
Sources of finance and the cost of capital
Capital structure theories
Working capital funding strategies
Financing decisions and efficient capital markets
The business life cycle and financial strategy
Dividends, earnings and share valuation
Mergers and takeovers, ownership restructuring and leveraged buyouts
Business valuations techniques
Corporate governance
Module Skills
| Skills Type | Skills details |
|---|---|
| Communication | Written communication and literature though examination |
| Information Technology | Students will be presented with a number of [partly] numerical problem exercises throughout the course which they will be expected to work together to solve. |
| Problem solving | Students will be presented with a number of [partly] numerical problem exercises throughout the course which they will be expected to work together to solve. This will be assessed through the examination |
| Team work | Students will be presented with a number of [partly] numerical problem exercises throughout the course which they will be expected to work together to solve. This will be assessed through the examination |
Notes
This module is at CQFW Level 6