Module Details

Module Code: FNCE C4307
Module Title: Corporate Finance
Title: Corporate Finance
Module Level:: 8
Credits:: 5
Module Coordinator: Martin Meagher
Module Author:: Larry Banville
Domains: Business
Module Description: The aim of this module is to develop theoretical and practical skills and knowledge expected of a business manager in relation to corporate finance.
 
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 and practices for corporate finance decision making
LO2 Identify and apply appropriate tools and techniques that may be used to aid decision-making in the area of corporate finance.
LO3 Critically examine how risk, ethical considerations and the needs of other stakeholders influence the pursuit of shareholder wealth maximisation.
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
Corporate Finance Overview
Nature and role of corporate finance; Agency theory; Balancing risk and return; Ethical considerations, Corporate Governance, Current and emerging developments in finance, Wealth maximisation.
Cost of Capital
Cost of equity capital using CAPM and dividend valuation model; Cost of debt finance and other forms of finance; Weighted average cost of capital (WACC); Effect of WACC and business valuation; Capital market efficiency.
Capital Structure Debate
Financial gearing; Business and financial risk; Traditional view of the optimal capital structure; Modigliani & Miller's capital structure theory (with & without tax); Practical influences on the optimal gearing level.
Dividend and Distribution Decisions
Nature of dividends; Importance of dividends; Modigliani and Miller’s dividend irrelevance theory; Dividends as a residual; Practical influences on the level of dividends; Effect of dividend policy on financing decisions.
Business Mergers and Takeovers
Reasons for mergers & takeovers; Main forms of purchase consideration; Winners and losers from takeover activity; Tactics to defend against a hostile bid; Main methods for valuing shares of a business.
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment100.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Short Answer Questions % of Total Mark 30
Timing Week 6 Learning Outcomes 1
Non-marked No
Assessment Description
Key terms and concepts
Assessment Type Case Studies % of Total Mark 40
Timing Week 8 Learning Outcomes 2
Non-marked No
Assessment Description
On key section of module such as - Mergers and Takeovers, Capital Structure, Dividend Policy
Assessment Type Presentation % of Total Mark 30
Timing Week 12 Learning Outcomes 3
Non-marked No
Assessment Description
On an aspect of Corporate Finance such as Corporate Governance, Agency Problem, Ethical Considerations, Sustainability
No Project
No Practical
No End of Module Formal 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
Independent Learning Non Contact No Description 15 Weeks per Stage 5.93 89
Total Weekly Contact Hours 3.00
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 1.50 18
Independent Learning Time Non Contact No Description 15 Weeks per Stage 7.13 107
Total Weekly Contact Hours 1.50
 
Module Resources
Recommended Book Resources
  • PETER. ATRILL. (2020), Financial Management for Decision Makers 9th Edition, Ninth. [ISBN: 9781292311432].
  • Denzil Watson,Antony Head. (2019), Corporate Finance, Eight. [ISBN: 9781292244310].
Supplementary Article/Paper Resources
  • Various, Accountancy.
  • Various, Accountancy Ireland.
  • Various, Accountancy Plus.
  • Various, Managerial Finance.
Other Resources
Discussion Note: