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. 

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. 

Assessable learning outcomes:

By the end of the module students will be able to: 

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  Explain how and why the ownership and control of companies affects their objectives 

  
  


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  Evaluate investment projects 

  
  

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  Value companies using discounted cash flows and multiples 

  
  


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  Understand and communicate key corporate finance theories relating to capital structure and dividend policy 

  
  


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  Understand and communicate the aims and outcomes of acquisitions and divestments  

  
  

In addition students have the opportunity to: 

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  Gain experience of using databases 

  
  


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  Improve their verbal an d online communication skills 

  
  

Additional outcomes:

Outline content:

Global context:

The module uses real-world examples taken from a variety of markets across the world. 

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. 

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):

1. Required text books (£54)


2. Specialist equipment or materials


3. Specialist clothing, footwear or headgear


4. Printing and binding


5. Computers and devices with a particular specification


6. Travel, accommodation and subsistence

Last updated: 27 August 2020