Module Details

Module Code: MGMT H3308
Module Title: Advanced Corporate Finance 1 BA in Accounting
Title: Advanced Corporate Finance 1
Module Level:: 8
Credits:: 5
Module Coordinator: Martin Meagher
Module Author:: Andrea McNamara
Domains:  
Module Description: The aim of this module is to further develop the theoretical and practical skills and knowledge introduced in the module Corporate Finance. Students will be able to carry out effective investment appraisal, discuss and apply dividend policy analysis and discuss and apply financial risk management techniques using microsoft excel. The depth and breadth of the module content and assessment are designed to gain maximum exemptions from professional accountancy bodies, appropriate to a 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 allocation of resources to investment opportunities; dividend policy analysis and the management of foreign currency and interest rate risk.
LO2 Identify and apply relevant advanced corporate finance 1 techniques when presented with defined and undefined practical business problems using traditional methods and Microsoft Excel spreadsheets.
LO3 Analyse, prepare and evaluate results within an advanced corporate finance 1 framework and present recommendations using traditional methods and Microsoft Excel spreadsheets.
LO4 Critically evaluate the key theories, practices and techniques that are used to aid decision making in the area of advanced corporate finance 1.
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
Advanced Investment Appraisal
The investment process; Investment appraisal techniques - payback period, accounting rate of return, net present value, internal rate of return and discounted payback period (application, comparison and evaluation); Identification of project relevant cash flows (including taxation and inflation effects); Qualitative issues; Single-period capital rationing; Adjusting for risk and uncertainty.
Dividend Policy Analysis
Effect of dividend decisions on financing and investment decisions; Effect of dividends on shareholder wealth; Dividend relevance and irrelevance theories; Practical influences on the level of dividends; Dividend policies.
Financial Risk Management
Nature and types of foreign currency and interest rate risk; Causes of exchange rate differences and interest rate fluctuations; Traditional foreign currency and interest rate risk management techniques (discussion and application); Foreign currency and interest rate derivatives (identification and explanation only).
Spreadsheet Analysis, Data Analytics and Visualisation
Investment appraisal - incremental cash flow analysis; Dividend Policy Analysis and Financial Risk Management.
Module Content & Assessment
Assessment Breakdown%
Practical20.00%
End of Module Formal Examination80.00%

Assessments

Full Time

No Continuous Assessment
No Project
Practical
Assessment Type Practical/Skills Evaluation % of Total Mark 20
Timing Week 12 Learning Outcomes 2,3
Non-marked No
Assessment Description
Microsoft Excel Spreadsheets
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 80
Timing End-of-Semester Learning Outcomes 1,2,3,4
Non-marked No
Assessment Description
End-of-Semester 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 3.00 36
Practicals Contact No Description 12 Weeks per Stage 1.00 12
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, p.568.
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: