Module Details
Module Code: |
FNCE H2326 |
Module Title:
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Corporate Finance in Accounting
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Title:
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Corporate Finance in Accounting
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Module Level:: |
7 |
Module Coordinator: |
Martin Meagher
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Module Author:: |
Andrea McNamara
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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.
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Learning Outcomes |
On successful completion of this module the learner will be able to: |
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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.
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No recommendations listed |
Co-requisite Modules
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No Co-requisite modules listed |
Additional Requisite Information
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No Co Requisites listed
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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.
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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.
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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.
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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).
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Module Content & Assessment
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Assessment Breakdown | % |
Continuous Assessment | 20.00% |
End of Module Formal Examination | 80.00% |
AssessmentsFull Time
End of Module Formal Examination |
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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 |
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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 |
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Non Contact |
No Description |
15 Weeks per Stage |
6.73 |
101 |
Total Weekly Contact Hours |
2.00 |
Module Resources
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Recommended Book Resources |
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Watson, D. & Head, A.. (2019), Corporate Finance, Principles and Practices, 8th. Pearson.
| Supplementary Book Resources |
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ACCA. Financial Management (FM) Study Text, Kaplan Publishing.
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Ward, A.. (2020), Finance Theory and Practice, 4th. Chartered Accountants Ireland.
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O'Meara, P., Walsh, S. & Power, T.. (2009), Financial Management, An Irish Text, 3rd. Gill & Macmillan Ltd.
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Atrill, P.. (2020), Financial Management for Decision-Makers, 9th. Pearson.
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Arnold, G.. (2013), Essentials of Corporate Financial Management, 2nd. Financial Times Prentice Hall.
| Recommended Article/Paper Resources |
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Journal of Banking and Finance.
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Journal of Finance.
| Supplementary Article/Paper Resources |
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Accountancy Ireland (CAI).
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Financial Management Magazine (CIMA).
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Accountancy Plus (CPA).
| Other Resources |
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Association of Chartered Certified
Accountants (ACCA),
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Chartered Accountants Ireland,
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Chartered Institute of Management
Accountants,
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Institute of Certified Public
Accountants,
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The Irish Times,
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The Financial Times,
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Business Post,
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Independent,
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Euronext Dublin,
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Reuters,
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Yahoo UK and Ireland Finance,
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Business World,
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Annual Reports,
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