Module Details
Module Code: |
FNCE |
Module Title:
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Corporate Finance
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Title:
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Corporate Finance
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Module Level:: |
8 |
Module Coordinator: |
Janette Davies
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Module Author:: |
Ailish O'Brien
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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.
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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.
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9297 |
FNCE |
Financial Management |
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 |
Financial environment
Capital markets, financial institutions, role of regulatory bodies, Market Abuse Regulation, Protected Disclosures Legislation.
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Dividend policy
Dividend policy, dividend irrelevancy, taxation considerations, factors to consider when deciding on dividend policy, dividend practices, alternatives to dividends.
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Cost of capital
Cost of debt capital, cost of equity capital, weighted cost of capital, the capital structure debate and theoretical perspectives.
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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.
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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.
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Environmental, social and governance issues.
Ethical perspectives, ethical finance, governance role, sustainability/integrated reporting, corporate social responsibility, role of stakeholders.
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Module Content & Assessment
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Assessment Breakdown | % |
Continuous Assessment | 30.00% |
Project | 30.00% |
Practical | 40.00% |
AssessmentsFull Time
No End of Module Formal Examination |
Part Time
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.
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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 |
Class lecture, group work, class exercises, external speakers. |
12 Weeks per Stage |
6.00 |
72 |
Independent Learning |
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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
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Recommended Book Resources |
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Kirwin, C., McBride, H. and O' Riordan, C.. (2018), Cases in Corporate Governance, Chartered Accountants of Ireland, Ireland, [ISBN: 978-191235014].
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Anne Marie Ward. (2020), Finance Theory and Practice, 4th Edition. Chartered Accountants of Ireland, Dublin, [ISBN: 9781912350360].
| Supplementary Book Resources |
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Richard A. Brealey,Stewart C. Myers,Franklin Allen. (2020), Principles of Corporate Finance, 13th Edition. McGraw Hill Publications, USA, [ISBN: 9781260013900].
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Glen Arnold. (2019), Corporate Financial Management, 6th Edition. Pearson Publications., USA, [ISBN: 978129214044].
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Berk, J. and DeMarzo, P.. (2019), Corporate Finance Global Edition, 5th Edition. Pearson Education Limited, USA, [ISBN: 978-113856007].
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Ehrhart, M., Fox, R. and Brigham, E.. (2019), Financial Management, 2nd Edition. Cengage Learning, EMEA, United Kingdom, [ISBN: 9781473760219].
| Recommended Article/Paper Resources |
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Zadeh, A. and Serefaim, G.. (2018), Why and How Investors Use ESG
Information: Evidence from a Global
Survey, Financial Analysts Journal, 74(3),
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Landi, G. and Scialleri, M.. (2019), Towards a more ethical market: the
impactof ESG rating on corporate
financial performance, Social Responsibility Journal, 15(1),
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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),
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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),
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Arouria, M., Gomesb, M., and
Pukthuanthong, K.. (2019), Corporate social responsibility and
M&A uncertainty, Corporate Finance Journal, 56,
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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),
| Other Resources |
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Irish Central Bank. Website,
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ESMA. Website,
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Financial Reporting Council. Website,
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Irish Stock Exchange. Website,
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The International Integrated Reporting
Council. Website,
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