This module aims to equip students with a good knowledge of corporate finance. Upon successful completion of this course, the students should be able to compare and contrast the theory and real-world applications of corporate finance. Moreover, the students should be able to apply their knowledge of corporate finance to formulate business decisions.

(LO1) Students will be able to explain and discuss key theories in the area of corporate finance

(LO2) Students will be able to compare the theory and practice of corporate finance

(LO3) Students will be able to analyse a firm (e.g. capital structure, valuation, M&As opportunities/threats)

(LO4) Students will be able to apply their knowledge of corporate finance to current affairs

(S1) Commercial Awareness

(S2) Communication

(S3) Digital Fluency

(S4) Lifelong Learning

(S5) Analytical

(S6) Problem Solving

(S7) Teamworking

(S8) Organisation

Teaching Method - Lectures
Description: Lecture (12 Lectures of 2 hours each)
Scheduled Directed Student Hours: 24 hours
Attendance Recorded: Yes
Students will attend the weekly 2 hours lecture during which the key concepts will be introduced.

Teaching Method – Seminar (8 seminars of 1 hour each)
Description: Face to face sessions
Scheduled Directed Student Hours: 8 hours
Attendance Recorded: Yes
The seminar will take place over 8 weeks. During these sessions, students will be presented with a range of exercises and case studies. Furthermore, they will get hands-on experience of using data from leading industry databases, e.g the Bloomberg terminal, to compare theory and practice.

Self-Directed Learning Hours: 118 hours
Description: These independent learning hours are aimed at supporting the directed student learning. The module leader will provide guidance in the form of suggested readings, topics, or self-assessment quizzes t o complete with the expectation that students are well prepared to contribute to the tutorial activities and to understand the content of lectures.

Journal articles and financial press articles will be used to enrich the learning. The teaching will also be supported by individual online activities. These include self-assessment quizzes that enable students to evaluate their own learning and receive formative feedback instantaneously. Furthermore, discussion boards will be used to foster the exchange of ideas, thus deepening the knowledge of students and improving their communication skills. These activities will be moderated by the module instructor. Students will also be directed to key academic and practitioner readings to further develop their learning.

This module is a pre-requisite for the following modules:
ACFI332 Financial Technology

Skills/Other Attributes Mapping

Skills / attributes: Commercial Awareness
How this is developed: In lectures and seminars by discussing the business-world implication of the key theories of finance.
Mode of assessment (if applicable): Pitchbook

Skills / attributes: Communication
How this is developed: By contributing to in-class discussions (lectures and seminars), and by preparing the pitchbook.
Mode of assessment (if applicable): Pitchbook and exam

Skills / attributes: Digital fluency
How this is developed: By using digital tools and specialist software to engage with the course material, to undertake additional research, and to communicate.
Mode of assessment (if applicable): Pitchbook

Skills / attributes: Lifelong Learning
How this is developed: In lectures and seminars by critically thinking about the way companies manage their finances, by evaluating different investment projects, and understanding the trade-offs between equity and debt financing.
Mode of assessment (if applicable): Pitchbook

Skills / attributes: Analytical
How this i s developed: During the seminars, the students will be writing computer codes to analyse leading industry datasets and assess whether the theories are supported by the data.
Mode of assessment (if applicable): Pitchbook and exam

Skills / attributes: Problem solving
How this is developed During the lectures & seminars, the students will solve problems such as how to finance a new investment and which investment project to pursue.
Mode of assessment (if applicable): Pitchbook and exam

Skills / attributes: Teamworking
How this is developed: In lectures & seminars, the students will work in teams to complete the assigned tasks. They will also work together to create the pitchbook. In doing so, they will understand the importance of teamwork, manage the interaction and relationships with other group members, gain experience in negotiation, persuasion, influencing and managing conflict.
Mode of assessment (if applicable): Pitchbook

Skills / att ributes: Organization
How this is developed: In lectures & seminars, the students will learn to manage their time carefully by prioritising and completing tasks within specific deadlines. They will also develop their organization skills by working on the pitchbook.
Mode of assessment (if applicable): Pitchbook

• Sources of Capital: Raising capital and capital structure
• Equity pay-outs: Dividend policy and share repurchases
• Capital budgeting
• Firm valuation
• Mergers and acquisitions