ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | CORPORATE FINANCE 1 | ||
Code | KMGT670 | ||
Coordinator |
Ms S Green Finance and Accounting Sue.Green@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2019-20 | Level 7 FHEQ | Whole Session | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
50 100 |
150 | |||||
Timetable (if known) | |||||||
Private Study | 0 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 1 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session | Weekly | 32 | ||||
Assessment 2 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session | Weekly | 20 | ||||
Assessment 3 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session | Weeks 2, 3, 4, 5, 7 | 20 | ||||
Assessment 4 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session | Weeks 6 and 8 | 14 | ||||
Assessment 5 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session | Week 10 | 14 |
Aims |
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This is the introductory core finance module for the MCF programme. The module also addresses foundational topics for student success throughout the academic programme; This is the first of two modules concerned with the financial management of modern corporations and serves to provide a solid foundation for subsequent finance modules; The module examines the area of financial decision making within the contemporary organisation. It is designed to introduce the analytical tools that financial managers employ when evaluating opportunities and the basic concepts behind these tools; Some of the main topics covered include: time value of money, security valuation, capital budgeting, risk and return and cost of capital. |
Learning Outcomes |
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(LO1) Participate in and contribute to an academic community through online discussion and assessments, whilst applying writing style conventions and academic integrity to academic writing; |
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(LO2) Analyse and critically evaluate scholarly resources and writing for logic and supporting evidence; |
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(LO3) Demonstrate the ability to critically analyse financial statements and benchmark company operations; |
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(LO4) Determine whether an investment project is creating value and is worth undertaking; |
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(LO5) Determine an organisation’s cost of capital; |
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(LO6) Determine the market value of an organisation using market-based (CAPM, APT, ratios) and build-up valuation models; |
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(LO7) Master, apply and critically appraise time value of money analysis and discounting techniques. |
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(S1) Communication Skills: Students will have opportunities to develop written and oral communication skills through group discussions, in-class presentations and coursework. This will be assessed by written assignments, reports, the dissertation and short individual and group presentations. |
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(S2) Problem Solving and Decision Making: Students will be challenged to think critically about organisational issues and dilemmas. They will do this by gathering and synthesising information, analysing alternative perspectives and options and presenting a considered opinion or course of action in their course assessment. |
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(S3) Numeracy Skills: Students will learn to apply financial and statistical techniques. These are developed as part of the modules covering finance, accounting, economics and econometrics. |
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(S4) Information and Communication Technology Skills: Students will have opportunities to improve their ICT skills. Students will demonstrate skills in the use of software applications including word processing, visual presentations, data bases, econometric packages, spreadsheets and using the internet for information searches in the course of researching and presenting coursework. |
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(S5) Group Working and Networking Skills: In class assignments for students will require them to work in groups and manage the interaction and relationships with other group members. In doing so, they will gain experience in negotiation, persuasion, influencing and managing conflict. Furthermore, students will be required to engage with fellow students and external business contacts in establishing a networked resource for the exchange of ideas and the development of future business relationships. |
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(S6) Personal Effectiveness: This applies to all modules where students will be encouraged to think critically about theory and practice and to challenge and critique assumptions about management, economic and financial theory. |
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(S7) Time management. This applies to all modules of the programme and is relevant for planning scheduled work and meeting assessment deadlines. This will be evident in the students’ independent management of their assignments and coursework and by meeting coursework deadlines. |
Teaching and Learning Strategies |
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Teaching Method 1 - Virtual classroom hours (for online modules) Teaching Method 2 - Non-classroom hours (for online modules) |
Syllabus |
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Participating in the global classroom; Outlining arguments for scholarly discourse; Introduction to corporate finance; Time value of money; How to value stocks and bonds; Investment criteria; Capital budgeting; Risk and return; Diversification and capital asset pricing model; Cost of capital. |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |