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 STRATEGIC FINANCIAL MANAGEMENT
Code KMGT693
Coordinator

 
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ Whole Session 15

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

KMGT650 DISSERTATION; KMGT663 INTERNATIONAL FINANCIAL REPORTING AND ANALYSIS; KMGT691 STRATEGIC MANAGERIAL ACCOUNTING AND PERFORMANCE MANAGEMENT 

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

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, 5 & 7    20       
Assessment 4 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  Weeks 4 and 6    14       
Assessment 5 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  Week 8    14       

Aims

This module enables students to assess the effectiveness of financial decision making within the contemporary organisation;

The module focuses on an analysis of how financing decisions impact a firm in terms of value and risk;

It introduces students to the analytical tools that financial managers employ when evaluating opportunities and enables participants to critically evaluate the concepts behind these tools.


Learning Outcomes

(LO1) Demonstrate the ability to critically analyse financial statements and to benchmark company operations;

(LO2) Understand and  utilise time value of money analysis and discounting techniques;

(LO3) Determine whether an investment project is creating value and is worth undertaking;

(LO4) Determine and critically evaluate an organisation’s cost of capital and optimal capital structure;

(LO5) Determine expected rates of return on equity investments using the Capital Asset Pricing Model (CAPM) plus the Arbitrage Pricing Theory (APT) and critically evaluate alternate financial models;

(LO6) Assess how operating and financial leverage affect capital structure and an organisation’s risk profile, as well as the impact of options;

(LO7) Develop an enterprise risk plan that hedges corporate operational and financial risks;

(LO8) Establish the interrelatedness of corporate governance, ethical behaviour, social responsibility and corporate finance strategies.

(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.

(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.

(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.

(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.

(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.

(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.

(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

Teaching Method 1 - Virtual classroom hours (for online modules)
Notes: Number of hours per week, per student expected in the virtual classroom in discussion, dedicated to group work and individual assessment is 7.

Teaching Method 2 - Non-classroom hours (for online modules)
Notes: Number of hours per week, per student expected for reading, research and other individual work to support engagement in the classroom is 13.


Syllabus

 

Introduction to finance;

Time value of money and security valuation;

Investment appraisal methods and capital budgeting;

Risk and expected returns;

Asset pricing and efficient markets;

Cost of capital and financial decisions;

Company valuation and options;

M&As and international finance.


Recommended Texts

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