Module Details

Module Code: FNCE
Module Title: Corporate Finance
Title: Corporate Finance
Module Level:: 8
Credits:: 10
Module Coordinator: Janette Davies
Module Author:: Ailish O'Brien
Domains:  
Module Description: The aim of this module is to enable students to apply knowledge, skills and judgement in decision-making relating to the finance role in an organisation.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Critically evaluate the international financial framework within which organisations operate.
LO2 Assess and evaluate the optimal capital gearing structure for an organisation.
LO3 Appraise the dividend policy decisions for an organisation.
LO4 Apply financial management principles and techniques to share valuation, risk management and merger decisions.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.
9297 FNCE Financial Management
Co-requisite Modules
No Co-requisite modules listed
Additional Requisite Information
No Co Requisites listed
 
Indicative Content
Financial environment
Capital markets, financial institutions, role of regulatory bodies, Market Abuse Regulation, Protected Disclosures Legislation.
Dividend policy
Dividend policy, dividend irrelevancy, taxation considerations, factors to consider when deciding on dividend policy, dividend practices, alternatives to dividends.
Cost of capital
Cost of debt capital, cost of equity capital, weighted cost of capital, the capital structure debate and theoretical perspectives.
Risk management
Exchange risk management, use of various internal and external risk management strategies, including forwards, swaps, options, futures, leads. Transaction, translation and economic risk, exchange risk management strategies and interest rate risk.
Mergers/acquisitions & company valuation
Evaluation of mergers, international context, the merger process, due diligence, financing mergers, defence tactics for a hostile takeover. Valuation of an organisation using earnings and assets-based methodologies.
Environmental, social and governance issues.
Ethical perspectives, ethical finance, governance role, sustainability/integrated reporting, corporate social responsibility, role of stakeholders.
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment30.00%
Project30.00%
Practical40.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Case Studies % of Total Mark 30
Timing n/a Learning Outcomes 1,3,4
Non-marked No
Assessment Description
Case study.
Project
Assessment Type Project % of Total Mark 30
Timing n/a Learning Outcomes 1,3,4
Non-marked No
Assessment Description
A critical evaluation of a topic related to Corporate Finance, to include a reflective account.
Practical
Assessment Type Practical/Skills Evaluation % of Total Mark 40
Timing n/a Learning Outcomes 2,4
Non-marked No
Assessment Description
Exam
No End of Module Formal Examination

Part Time

Continuous Assessment
Assessment Type Case Studies % of Total Mark 30
Timing n/a Learning Outcomes 1,3,4
Non-marked No
Assessment Description
Case study
Project
Assessment Type Project % of Total Mark 30
Timing n/a Learning Outcomes 1,3,4
Non-marked No
Assessment Description
A critical evaluation of a topic related to Corporate Finance, to include a reflective account.
Practical
Assessment Type Practical/Skills Evaluation % of Total Mark 40
Timing n/a Learning Outcomes 2,4
Non-marked No
Assessment Description
Exam
No End of Module Formal Examination
Reassessment Requirement
Exam Board
It is at the discretion of the Examination Board as to what the qualifying criteria are.

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 Class lecture, group work, class exercises, external speakers. 12 Weeks per Stage 6.00 72
Independent Learning Non Contact Practical exercises, group work, independent research. 15 Weeks per Stage 11.87 178
Total Weekly Contact Hours 6.00
Workload: Part Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Class lecture, group work, class exercises, external speakers. 12 Weeks per Stage 3.00 36
Independent Learning Non Contact Practical exercises, group work, independent research. 15 Weeks per Stage 5.93 89
Total Weekly Contact Hours 3.00
 
Module Resources
Recommended Book Resources
  • Kirwin, C., McBride, H. and O' Riordan, C.. (2018), Cases in Corporate Governance, Chartered Accountants of Ireland, Ireland, [ISBN: 978-191235014].
  • Anne Marie Ward. (2020), Finance Theory and Practice, 4th Edition. Chartered Accountants of Ireland, Dublin, [ISBN: 9781912350360].
Supplementary Book Resources
  • Richard A. Brealey,Stewart C. Myers,Franklin Allen. (2020), Principles of Corporate Finance, 13th Edition. McGraw Hill Publications, USA, [ISBN: 9781260013900].
  • Glen Arnold. (2019), Corporate Financial Management, 6th Edition. Pearson Publications., USA, [ISBN: 978129214044].
  • Berk, J. and DeMarzo, P.. (2019), Corporate Finance Global Edition, 5th Edition. Pearson Education Limited, USA, [ISBN: 978-113856007].
  • Ehrhart, M., Fox, R. and Brigham, E.. (2019), Financial Management, 2nd Edition. Cengage Learning, EMEA, United Kingdom, [ISBN: 9781473760219].
Recommended Article/Paper Resources
  • Zadeh, A. and Serefaim, G.. (2018), Why and How Investors Use ESG Information: Evidence from a Global Survey, Financial Analysts Journal, 74(3),
    https://doi.org/10.2469/faj.v74.n3.2
  • Landi, G. and Scialleri, M.. (2019), Towards a more ethical market: the impactof ESG rating on corporate financial performance, Social Responsibility Journal, 15(1),
    https://DOI10.1108/SRJ-11-2017-025
  • Battisti, E., Bollani, L., Miglietta, N. and Salvi, A.. (2020), The impact of leverage on the cost of capital and market value: Evidence from Sharīʿah-compliant firms, Management Research Review, 43(9),
    https://doi.org/10.1108/MRR-01-2019-0007
  • Rinaldi, L., Unerman, J. and de Villiers, C.. (2018), Evaluating the integrated reporting journey: insights, gaps and agendas for future research, Accounting, Auditing and Accountability Journal, 31(5),
    https://doi.org/10.1108/AAAJ-04-2018-344 6
  • Arouria, M., Gomesb, M., and Pukthuanthong, K.. (2019), Corporate social responsibility and M&A uncertainty, Corporate Finance Journal, 56,
    https://doi.org/10.1016/j.jcorpfin.2019. 02.002
  • Laia, K.M.Y., Saffar, W., Zhuc, X. and Liuc, Y.. (2020), Political institutions, stock market liquidity and firm dividend policy: Some international evidence, Journal of Contemporary Accounting and Economics, 16(1),
    https://doi.org/10.1016/j.jcae.2019.1001 80
Other Resources
Discussion Note: