Introduction to Corporate Finance and Financial Instruments
|Unit level:||Level 2|
|Teaching period(s):||Semester 2|
|Offered by||Alliance Manchester Business School|
|Available as a free choice unit?:||Y
- BMAN10501 - Financial Reporting (Compulsory)
- BMAN10621A - Fundamentals of Financial Reporting A (Compulsory)
- BMAN10621B - Fundamentals of Financial Reporting B (Compulsory)
Additional RequirementsBMAN20242 has pre-requisites of BMAN10621A or BMAN10621B or BMAN10501.
Pre-requisite course units have to be passed by 40% or above at the first attempt unless a higher percentage is indicated within this course outline. If the pre-requisite unit is defined as a compulsory course unit within your programme of study (Maths with Finance, IBFE, Accounting, BA Econ pathways for example) then progression onto the dependent unit is permitted as long as you have gained the appropriate amount of credit to progress on to the following year of your registered undergraduate programme.
BMAN10621 (A) or (B) Fundamentals of Financial Reporting or BMAN10501 Financial Reporting
This module aims to provide non-finance specialist students with a fundamental knowledge and understanding of corporate finance including an understanding of the financial instruments used by companies to raise finance and to manage financial risk.
' Introduction to finance
- Financial instruments
- Capital structure and dividend policy
- Cost of capital
- Capital investment appraisal
This module will be delivered using lectures, workshops, and self-study. Blackboard will be used to support the lecture and workshop materials with notes, questions, solutions, quizzes and discussion forums available for student feedback and support.
Teaching and learning methods
Methods of delivery:
Lecture hours: 16 hours
Seminar hours: 4 hours
Private study: 80 hours
Total study hours: 100 hours
Total study hours: 100 hours split between lectures, classes, self study and preparation for classes, coursework and examinations.
Informal Contact Methods
1. Students can communicate with lecturers through the Blackboard discussion forum, email, and individual appointments at a mutually convenient time
2. Online Learning Activities (blogs, discussions, weekly set of self-assessment questions)
3. Other: Revision session in week 9.
After studying this module, students should be able to:
- use and apply the key terms used in corporate finance and investment management;
- discuss the key principles of corporate finance;
- explain the main sources of finance available to a business and evaluate the different ways in which a business can be formed and structured;
- critically discuss the characteristics of the main financial instruments in use by companies and describe the methods through which they can be issued;
- evaluate the different capital structure options available to a business;
- discuss the key issues to be considered by a company when deciding on a dividend policy;
- define and calculate the cost of capital for a business and explain its relevance to a business's investment decisions
-identify the key participants in the Financial Markets and discuss the roles of Financial Markets
Assessment Further Information
Formative assessment: students have to solve a weekly quiz on Blackboard and submit it through TurnitIn. We provide general feedback on students’ performance on this assignment on a weekly basis during the lectures.
Summative assessment: end of semester 2 hour unseen examination 100%
Brealey, R., Myers, S., and Allen, F., Principles of Corporate Finance, (11th edition) McGraw-Hill.
Hull, J., ’’Options, Futures and Other Derivatives’’, 9th Edition, Pearson.
- Informal advice and discussion during lectures (which are highly interactive) and workshops.
- Online exercises and quizzes delivered through the Blackboard course space.
- Responses to student emails and questions from a member of staff including feedback provided to a group via an online discussion forum.
- Specific course related feedback sessions - Revision Session in Week 9.
- Generic feedback posted on Blackboard regarding performance on weekly quizzes and overall examination performance.
- Assessment written exam - 2 hours
- Lectures - 16 hours
- Seminars - 4 hours
- Independent study hours - 78 hours