Business Finance - AC502

Location Term Level Credits (ECTS) Current Convenor 2017-18 2018-19
Canterbury Autumn and Spring
View Timetable
6 30 (15) MS AM Ransley

Pre-requisites

AC523 Principles of Finance (formerly AC508)

Restrictions

None

2017-18

Overview

This module begins with a focus on the financial system of the UK, including the major players in the markets and key interrelations. It then proceeds to cover key topics, including: advanced portfolio theory, the capital asset pricing model, arbitrage pricing theory, the implications and empirical evidence relating to the efficient market hypothesis, capital structure and the cost of capital in a taxation environment, interaction of investment and financing decisions, decomposition of risk, options and pricing, risk management, dividends and dividend valuation models, mergers and failures and evaluating financial strategies.

Details

This module appears in:


Contact hours

Lectures: 44
Seminars: 21
Independent study: 232
Examination: 3

Total hours: 300

Method of assessment

70% examination; 30% coursework, made up of a group portfolio project (25%) and timed in-class coursework (5%)

Preliminary reading

Indicative Reading List:

Allen, F., (2013), Principles of Corporate Finance, London: McGraw Hill

Arnold, G., (2012), Corporate Financial Management, Harlow: Pearson

Brealey, R., Myers, S. and Rutterford, J., (2007), Introduction to Stock Exchange Investment, Basingstoke: Palgrave MacMillan

See the library reading list for this module (Canterbury)

See the library reading list for this module (Medway)

Learning outcomes

The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
8.1 critically review finance theories and concepts and their application to a practical environment including financial management, risk and the operation of financial markets
8.2 apply the fundamental concepts and principles (introduced in the pre-requisite study) which
underlie investment, financing, and dividend decisions, in both a theoretical and practical context, including the strengths and weaknesses of more complex quantitative techniques
8.3 demonstrate knowledge and skills in recording and summarising the financial aspects of company dividend policy, capital structure, types of finance sources and merger activities
8.4 critically analyse, compare, discuss and critically evaluate various financial theories
8.5 demonstrate understanding of the practical implications of investing on the stock market

The intended generic learning outcomes.
On successfully completing the module students will be able to:
9.1 structure, and develop and defend complex arguments
9.2 analyse structured and unstructured problems and prepare projections regarding related decisions
9.3 develop, analyse and synthesise complex material and data relevant to financial issues
9.4 apply quantitative techniques for solving problems within a finance context
9.5 plan work, use relevant sources and study independently
9.6 demonstrate suitable communication skills

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