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 | ||
Code | MGTK752 | ||
Coordinator |
Mr RS Stephens Finance and Accounting Robert.Stephens@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2024-25 | 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 |
24 4 |
28 | |||||
Timetable (if known) | |||||||
Private Study | 122 | ||||||
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 |
Discussion Board Contribution Reassessment Opportunity: 500-word response on a similar topic. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: No | 0 | 10 | ||||
Group video presentation Reassessment Opportunity: individual assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: No | 10 | 30 | ||||
Individual project Reassessment Opportunity: new assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes | 0 | 60 |
Aims |
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The module aims to: Develop students’ conceptual understanding of the factors influencing corporate financing decisions; Enable students to identify capital requirements of businesses and recommend suitable, relevant methods of financing a business; Provide students with the skills and competencies to recognise and manage financial risks relevant to corporate finance decision making; Equip students with the skills to analyse investment choices and make appropriate investment and distribution decisions. |
Learning Outcomes |
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(LE1) Flexible and adaptable. |
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(LE2) A team player. |
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(LE3) An excellent verbal and written communicator. |
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(LE4) Internationally aware. |
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(LE5) A leader. |
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(LO1) Students will be able to identify capital requirements of businesses, assess financing options in complex scenarios and recommend relevant methods of financing. |
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(LO2) Student will be able to identify the financial risks facing a business and the principal methods of managing those risks in uncertain contexts. |
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(LO3) Students will be able to apply and critically appraise appropriate investment techniques considering factors affecting investment decisions. |
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(LO4) Students will demonstrate the ability to understand and evaluate the key factors influencing the distribution decision. |
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(LRE1) A problem solver. |
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(LRE2) Numerate. |
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(LRE3) Commercially aware. |
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(LRE4) Organised and able to work under pressure. |
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(LRE5) IT literate. |
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(LRE6) A lifelong learner. |
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(LRE7) Ethically aware. |
Teaching and Learning Strategies |
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The module will be delivered over an 8-week period, primarily through a series of weekly e-lectures. These will be supported by individual online tasks such as formative quizzes (CFA-style), media clips, and discussion boards. Discussion boards will be used to develop understanding and help students apply their learning. These will be moderated by the module instructor. Students will also be directed to key academic and practitioner readings to further develop their learning. Unscheduled Directed Student Hours: 24 hours Students will undertake 4 hours of synchronous activity over the 8 weeks in order to appreciate the practical applications of the techniques delivered on the module. This will take place through group and individual sessions which will be moderated by the module instructor. Sc
heduled Directed Student Hours: 4 hours Self-Directed Learning Hours: 122 hours |
Syllabus |
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Corporate Governance: Students will examine the causes, benefits, limitations and types of governance approaches which impact commercial organisations, including how sustainability affects investment and financing decisions. Opportunity also exists for students to explore differences across the world, including approaches taken in their own countries. Dividend policy: The module will explore the considerations involved and approaches to dividend policy adopted by organisations. Capital investment decisions: This area mainly focuses on investment appraisal analysis within organisations, and develops students’ understanding of ways to incorporate complexities and manage risk and uncertainty. Business and financial risk: Corporate finance decisions are made by appreciating the various risks facing organisations – the module examines a range of key risks and the impacts they have on corporate finance policy. Financing policies: A key area within co rporate finance is the appreciation, analysis and ability to recommend appropriate sources of finance to adopt within organisations. The module considers long term and short term approaches to financing. Mergers and acquisition: A common strategy within corporate finance is growth via mergers and acquisitions. The module considers the drivers for such strategies as well as the problems that can arise. Corporate restructuring: A look at ways in which companies modify operations and / or capital structure significantly. |
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. |