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 ADVANCED CORPORATE FINANCE AND FINANCIAL MANAGEMENT
Code ULMS538
Coordinator Mr GS Brown
Finance and Accounting
Gavin.Brown2@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ Second Semester 10

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

ULMS701 Managing Financial Resources 

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 4

12

      8

4

28
Timetable (if known) 60 mins X 1 totaling 4
 
180 mins X 1 totaling 12
 
      120 mins X 1 totaling 8
60 mins X 1 totaling 4
 
 
Private Study 72
TOTAL HOURS 100

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Examination There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): Semester two  24 hours    80       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Individual assignment There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): Semester two  -1500 words    20       

Aims

Cover the theory and practice of ‘corporate finance and financial management’ and provide an understanding of related issues in organisations;

Cover the empirical stand point based on the findings of recently published studies in this area of research;

Explore the role of finance and financial management in establishing a successful corporate financial strategy and covers some of most probable decision problems faced by managers in modern organisations;

Cover topics on; framework for financial decisions; investment decisions and strategies; value, risk and the required return; and, strategic financial decisions.


Learning Outcomes

(LO1) Demonstrate a comprehensive understanding of the role of financial theory and practice in establishing a successful financial strategy;

(LO2) Understand the capital market's function, and the role of the financial manager with respect to the successful operation of the modern corporations;

(LO3) Explain financial management tools and techniques that are designed to support managers in the process of value creation for the shareholders;

(LO4) Understand different methods used in the valuation process and explore how investment and financing decisions and risk management affect the value of firms. Students should also understand the merits and limitations of different valuation methods;

(LO5) Interpret and critically examine corporate finance and financial management issues and related controversies;

(LO6) Interpret and examine issues and controversies related to a firm’s capital structure and role that capital structure plays in building financial strategies;

(LO7) Understand theory and empirical research findings published in some recently published studies in this area of research.

(S1) Adaptability

(S2) Problem solving skills

(S3) Numeracy

(S4) Commercial awareness

(S5) Teamwork

(S6) Organisational skills

(S7) Communication skills

(S8) IT skills

(S9) International awareness

(S10) Lifelong learning skills

(S11) Ethical awareness

(S12) Leadership


Teaching and Learning Strategies

Hybrid delivery, with social distancing on campus.

2 hour online asynchronous learning per week x 4 weeks
1 hour face-to-face synchronous lecture per week x 4 weeks
3 hour face-to-face seminar every week x 4 weeks
1 hour face-to-face peer-to-peer learning every week (unscheduled) x 4 weeks
Self-directed learning x 72 hours


Syllabus

 

Framework for financial decisions;

An overview of financial management;

The financial environment;

Present values, and bond and share valuation investment decisions and strategies;

Investment appraisal methods;

Project appraisal - applications;

Investment strategy and process value, risk and the required return;

Analysing investment risk;

Relationships between investments: portfolio theory;

Setting the risk premium: the capital asset pricing model;

The required rate of return on investment;

Enterprise value and equity value;

Identifying and rating options strategic financial decisions;

Long-term finance;

Returning value to shareholders: the dividend decision;

Capital structure and the required return;

Does capital structure really matter?;

Acquisitions and restructuring.


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.