Module Details

Module Code: FNCE H2326
Module Title: Corporate Finance in Accounting
Title: Corporate Finance in Accounting
Module Level:: 7
Credits:: 5
Module Coordinator: Martin Meagher
Module Author:: Andrea McNamara
Domains:  
Module Description: The aim of this module is to provide an introduction to corporate finance through the development of theoretical and practical skills and knowledge in relation to the role and purpose of the finance function, the management of working capital, the role of financial markets and institutions and the evaluation of alternative sources of business finance. The depth and breadth of the module content and assessment are designed to gain maximum exemptions from professional accounting bodies, appropriate to the B.A. (Honours) in Accounting programme.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Define and explain the key terms, concepts, theories and practices associated with: The finance function, optimising the use of working capital; the role of financial markets and institutions; and financing business operations.
LO2 Identify and apply relevant corporate finance techniques when presented with defined and undefined practical business problems.
LO3 Analyse, prepare and evaluate results within a corporate finance framework and present recommendations.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Additional Requisite Information
No Co Requisites listed
 
Indicative Content
The Finance Function
Financial management decisions; Role of the financial manager; Economic influences on financial management decisions; Corporate objectives (financial and non-financial); Achievement of corporate objectives; Agency theory; Regulatory environment (including corporate governance); Ethical issues facing financial managers, key developments in finance.
Working Capital Management
Nature, elements and importance of working capital and cash management; Management of working capital - working capital ratios, liquidity ratios and techniques for the management of inventory, trade receivables, cash and trade payables; Over-trading (symptoms, causes, identification and remedies); Determination of working capital requirement; Working capital funding strategies.
Financial Markets and Institutions
Nature and role of money markets, capital markets and financial intermediaries; Characteristics of perfect capital markets; Efficient market hypothesis; Behavioural finance; Irish Stock Exchange; Regulatory environment; Methods of issuing equity shares; Effect of rights issue on shareholders wealth.
Sources of Finance
Long, medium and short-term sources of external equity, debt and other finance available to small, medium and large enterprises (characteristics, comparison and evaluation); Internal sources of finance; Nature and practical influences on the level of dividends (dividend theory not included); Suitability of financing choices (matching, availability, gearing, influence and cost).
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment20.00%
End of Module Formal Examination80.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Other % of Total Mark 20
Timing Week 6 Learning Outcomes 1,2,3
Non-marked No
Assessment Description
Class Assessment / Project / Presentation / Case Study
No Project
No Practical
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 80
Timing End-of-Semester Learning Outcomes 1,2,3
Non-marked No
Assessment Description
End of Module Final Examination

SETU Carlow Campus reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description 12 Weeks per Stage 4.00 48
Independent Learning Non Contact No Description 15 Weeks per Stage 5.13 77
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description 12 Weeks per Stage 2.00 24
Independent Learning Non Contact No Description 15 Weeks per Stage 6.73 101
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Watson, D. & Head, A.. (2019), Corporate Finance, Principles and Practices, 8th. Pearson.
Supplementary Book Resources
  • ACCA. Financial Management (FM) Study Text, Kaplan Publishing.
  • Ward, A.. (2020), Finance Theory and Practice, 4th. Chartered Accountants Ireland.
  • O'Meara, P., Walsh, S. & Power, T.. (2009), Financial Management, An Irish Text, 3rd. Gill & Macmillan Ltd.
  • Atrill, P.. (2020), Financial Management for Decision-Makers, 9th. Pearson.
  • Arnold, G.. (2013), Essentials of Corporate Financial Management, 2nd. Financial Times Prentice Hall.
Recommended Article/Paper Resources
  • Journal of Banking and Finance.
  • Journal of Finance.
Supplementary Article/Paper Resources
  • Accountancy Ireland (CAI).
  • Financial Management Magazine (CIMA).
  • Accountancy Plus (CPA).
Other Resources
Discussion Note: