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IC201-Corporate Finance
Module Provider: ICMA Centre
Number of credits: 20 [10 ECTS credits]
Level:5
Terms in which taught: Spring term module
Pre-requisites: IC102 Introductory Finance/Trading Simulation I
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2020/1
Email: c.padgett@icmacentre.ac.uk
Type of module:
Summary module description:
This module focusses on corporate value, considering how it is measured and how companies can create value through their strategies, financial decisions and governance practices.Ìý
Aims:
The module aims to offer students a good grounding in corporate finance theory and an appreciation of the related empirical evidence. There will be a focus on shareholder value maximisation and alternative corporate objectives, including a consideration of the impact of ownership and control on those objectives.Ìý
Assessable learning outcomes:
By the end of the module students will be able to:Ìý
Explain how and why the ownership and control of companies affects their objectivesÌý
Evaluate investment projectsÌý
Value companies using discounted cash flows and multiplesÌý
Understand and communicate key corporate finance theories relating to capital structure and dividend policyÌý
Understand and communicate the aims and outcomes of acquisitions and divestmentsÌýÌý
In addition students have the opportunity to:Ìý
Gain experience of using databasesÌý
Improve their verbal an d online communication skillsÌý
Additional outcomes:
Outline content:
Ownership and governance of companiesÌý Value and valuationÌý Initial public offeringsÌý Seasoned equity issues and capital structure 1Ìý
p> Capital structure 2Ìý Returning cash to shareholdersÌý Mergers and acquisitions 1Ìý Mergers and acquisitions 2Ìý ¶Ù¾±±¹±ð²õ³Ù¾±³Ù³Ü°ù±ð²õÌýÌý Ìý |
Global context:
The module uses real-world examples taken from a variety of markets across the world.Ìý
Brief description of teaching and learning methods:
The lectures are used to present theory and evidence, concepts are reinforced and understanding tested in face to face seminars and wikis. Revision webinars are also provided.Ìý
Ìý | Autumn | Spring | Summer |
Lectures | 20 | ||
Seminars | 9 | ||
Guided independent study: | Ìý | Ìý | Ìý |
Ìý Ìý Wider reading (independent) | 25 | ||
Ìý Ìý Wider reading (directed) | 50 | ||
Ìý Ìý Exam revision/preparation | 10 | 34 | |
Ìý Ìý Other | 2 | ||
Ìý Ìý Preparation for seminars | 14 | ||
Ìý Ìý Essay preparation | 14 | ||
Ìý Ìý Reflection | 22 | ||
Ìý | Ìý | Ìý | Ìý |
Total hours by term | 0 | ||
Ìý | Ìý | Ìý | Ìý |
Total hours for module | 200 |
Method | Percentage |
Written exam | 70 |
Written assignment including essay | 30 |
Summative assessment- Examinations:
One, 2 hour exam
Summative assessment- Coursework and in-class tests:
One written assignment of 2500 words, submitted in week 5 of the spring term.
Formative assessment methods:
Question sets discussed during the seminars with feedback provided during those seminars and on the Blackboard wiki.
Penalties for late submission:
Assessment requirements for a pass:
40%
Reassessment arrangements:
A 2-hour exam
Additional Costs (specified where applicable):
- Required text books (£54)
- Specialist equipment or materials
- Specialist clothing, footwear or headgear
- Printing and binding
- Computers and devices with a particular specification
- Travel, accommodation and subsistence
Last updated: 27 August 2020
THE INFORMATION CONTAINED IN THIS MODULE DESCRIPTION DOES NOT FORM ANY PART OF A STUDENT'S CONTRACT.