Module Code: H9AFM
Long Title Advanced Financial Management
Title Advanced Financial Management
Module Level: LEVEL 9
EQF Level: 7
EHEA Level: Second Cycle
Credits: 5
Module Coordinator: Anne Cooper
Module Author: Andrea Del Campo Dugova
Departments: School of Business
Specifications of the qualifications and experience required of staff

The lecturer of this module is required to have a Level 9 qualification in Accounting or a cognate discipline, relevant industry experience, as well as a track record of teaching in a higher institution.   
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Critically reflect on the various needs of stakeholders
LO2 Apply specialised skills to the complex international finance environment
LO3 Formulate appropriate judgements leading to informed decisions in a capital budgeting context
LO4 Calculate and critique the implications of acquisitions and mergers as growth strategies
LO5 Apply hedging and derivative instruments as risk management techniques
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements

There are no additional entry requirements for this module.  The programme entry requirements apply.  No pre-requisites or co-requisites apply. 
 

Module Content & Assessment

Indicative Content
Role and Responsibility towards Stakeholders . (10%)
Conflicting stakeholder interests. The role and responsibility of senior financial managers (investing, financing and dividend decisions), including the growth in importance of financial risk management and the corporate ethical dimensions encountered in global business. Financial strategy formulation through areas of capital structure decisions, dividend policy formulation, risk identification and risk assessment.
International Financial Management. (10%)
Management of international trade and finance, global financial markets in addition to strategic business and financial planning for multinationals.
Advanced Investment Appraisal. (30%)
Discounted cash flow techniques (NPV, IRR, taxation, capital rationing). Cost of capital through the systematic application of advanced cost of capital models like CAPM. International investment and financing decisions, calculation of project value under complex conditions. International financing, the various sources and types of finance for foreign direct investment (FDI) and the impact of taxation and exchange risk on the investment decision. Impact of capital investment on financial reporting.
Acquisitions and Mergers. (30%)
Acquisitions and mergers versus other growth strategies. Synergies and shareholder wealth maximisation. Valuations for acquisitions and mergers. Financing acquisitions and mergers.
Hedging and Derivatives. (20%)
Identify and discuss hedging principles, arguments for and against, risk, cross hedging, stock index futures, stack and roll. Forward contracts, Futures contracts, Options. Specification of a futures contract, convergence of futures price to spot price, the operation of margin accounts and forward vs. futures contracts.
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Blended

Coursework
Assessment Type: Continuous Assessment % of total: 30
Assessment Date: n/a Outcome addressed: 1,2,3
Non-Marked: No
Assessment Description:
Candidates are required to complete one in-class examinations. The in-class examination will be worth 30%.
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed: 2,3,4,5
Non-Marked: No
Assessment Description:
Final Examination (70%) will be 3 hours in duration and will contain a compulsory 50 mark question. Students must also answer 2 other questions. The examination will include computational and written elements.
No Workplace Assessment
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.
Reassessment Description
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Blended
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Classroom and demonstrations 36 Per Semester 3.00
Independent Learning Independent Learning 89 Per Semester 7.42
Total Weekly Contact Hours 3.00
 

Module Resources

Recommended Book Resources
  • Hull, J. C.. (2018), Options Futures and Other Derivatives, 10th Ed. Pearson Prentice Hall.
Supplementary Book Resources
  • Hull, J. C.. (2018), Risk Management and Financial Institutions, 5th Ed. Wiley.
This module does not have any article/paper resources
Other Resources
  • [Websites], As advised during class and provided by a link on Moodle under each relevant topic..
Discussion Note: