Module Code: H9CF
Long Title Corporate Finance
Title Corporate Finance
Module Level: LEVEL 9
EQF Level: 7
EHEA Level: Second Cycle
Credits: 5
Module Coordinator: COLETTE DARCY
Module Author: AUSTIN COUGHLAN
Departments: School of Business
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Identify, evaluate and apply theoretical considerations, analytical methods, financial risk and uncertainty evaluation using contemporary tools used by international corporations in the capital budgeting and the investment and financing decision making process
LO2 Demonstrate a comprehensive knowledge of the theoretical underpinning and findings of contemporary empirical research in the key topic areas such as Capital Structure, Dividend Policy and Investment Decisions.
LO3 Apply fundamental security valuation methodologies in analysing a range of corporate finance transactions along with strategic and financial evaluation of mergers, acquisitions and corporate restructuring and identifying the effect of these transactions on corporations and their stakeholders
LO4 Identifying the sources of finance and instruments available to the firm and evaluating them from a strategic perspective and the importance and impacts of working capital management on a firm
LO5 Demonstrate a critical awareness of how financial service providers are regulated both at a domestic and European level and differentiate between the roles of key regulatory bodies.
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. 
 

Module Content & Assessment

Indicative Content
Capital Budgeting (Weeks 1-3)
The Capital Budgeting Process Investment Decision Criteria Case Studies: Capital Budgeting Analysis and Financial Modelling Sensitivity Analysis, Certainty equivalents, Probability Theory, Expected values. Continuous Assessment Assignment covering Capital Budgeting and Risk and Uncertainty
Management of the Corporate Capital Structure & Cost of Capital (Weeks 4-6)
Business and Financial Risk The Capital Structure Decision Debt Finance Equity Finance and Hybrid Financing Instruments Weighted Average Cost of Capital Case Studies: Cost of Capital and Leveraged Buy Out Continuous Assessment Assignment covering Capital Structure and Cost of Capital
Enterprise Valuation & Strategic evaluation of M&A’s (Weeks 7-8)
Fundamentals of Security Valuation Apply valuation methods to bidders and targets in merger situations Critically identify synergies between merging entities Evaluate the mix of financing for a M&A and the effect on the valuation deal Analyse the range of takeover defences available to target management IPOs Case study:
Dividend Policy (Week 9)
Forms of Dividends Factors Impacting Dividend Policy Dividend Policies Case Study: Dividend and Buyback Decisions
Working Capital Management (Week 10)
The Operating Cash Cycle Centralisation versus De Centralisation among multinational organisations
Regulatory Body (Week 11)
European Central Bank European System of Financial Supervision Central Bank of Ireland National Asset Management Agency Office of the Director of Corporate Enforcement Irish Auditing and Accounting Supervisory Authority The Financial Service Ombudsman
Assessment Breakdown%
Coursework60.00%
End of Module Assessment40.00%

Assessments

Full Time

Coursework
Assessment Type: Continuous Assessment % of total: 60
Assessment Date: n/a Outcome addressed: 1,2
Non-Marked: No
Assessment Description:
Candidates will be presented with three contemporary corporate financing issues/case studies, which will entail an extensive review of relevant academic literature, financial analysis and conducting appropriate market research at both desktop and primary level, as well as, synthesise and critique of applicable knowledge pertaining to same: 1. Capital Budgeting (20%) – LO1, 2.Management of the Corporate Capital Structure & Cost of Capital (20%)- LO2 and Dividend Policy (20%)- L02
End of Module Assessment
Assessment Type: Terminal Exam % of total: 40
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
The examination will be a minimum of two hours in duration and may include a mix of: short answer questions, vignettes, essay based questions and case study based questions. Marks will be awarded based on clarity, appropriate structure, relevant examples, depth of topic knowledge, and evidence of outside core text reading.
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
Repeat assessment of this module will consist of a repeat examination which will test all the learning outcomes.

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

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Classroom and demonstrations 24 Per Semester 2.00
Directed Learning Directed e-learning 24 Per Semester 2.00
Independent Learning Independent learning 77 Per Semester 6.42
Total Weekly Contact Hours 4.00
 

Module Resources

Recommended Book Resources
  • Bruner F.B. (2018), Case Studies in Finance - Managing for Corporate Value Creation, 8th. McGraw Hill.
  • Glen Arnold. (1998), Corporate Financial Management, Financial Times/Prentice Hall, p.1050, [ISBN: 0273630784].
  • BPP Learning Media. ACCA P4 Advanced Financial Management, [ISBN: 9781472744302].
  • Hillier D., Ross, S., Westerfield, R., Jaffe, J., Bradford, J. (2020), Corporate Finance, 4th Ed. McGraw-Hill.
Supplementary Book Resources
  • Brealey R.A., and Myers S.C., Marcus A.J. (2011), Fundamentals of Corporate Finance, 7th. McGraw Hill.
  • Bruner F.B. Multinational Financial Management,International, 9th. Wiley.
  • Watson, D. and Head, T. (2006), Corporate Finance - Principles and Practice, 4th. Financial Times/Pitman Publishing.
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: