Pre-requisite: MACT3150: Financial Mathematics
Co-requisite: MACT5280: Financial Reports and their Analysis
OverviewThis module introduces and explores a range of topics relating to corporate finance which are fundamental to understanding why and how companies raise money to start a business or expand an existing one. The module covers the different ways that the money can be raised, for example from a bank or through a stocks and shares market, and the interest rate or investment return that an investor will expect to receive from a company in order to provide the money required. This is a very practical module to the extent that it will help students develop business awareness in the field of company finance. Reference will often be made to actual happenings in the financial markets in support of the material covered.
The intention is that this curriculum together with that for MACT5280 Financial Reports and their Analysis would provide an acceptable platform for exemption from the UK actuarial profession's examination in subject CT2, subject to satisfactory performance.
This module appears in:
Method of assessment
80% Examination, 20% Coursework
The material is covered by the Actuarial Education Company's notes for Subject CT2.
The intended subject specific learning outcomes. On successfully completing the module students will be able to:
1 explain and discuss in writing the concepts and elements of corporate finance;
2 use appropriate techniques in mathematics to represent and solve problems in corporate finance;
3 understand the basic financial management issues and processes in a corporate entity.
The intended generic learning outcomes. On successfully completing the module students will be able to:
1 use a logical mathematical approach to solving problems and will be able to solve problems in corporate finance using appropriate methods;
2 manage their time and work independently;
3 demonstrate improved skills in numeracy, problem solving, and written communication.