mn5442: corporate financial management

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MN5442: CORPORATE FINANCIAL MANAGEMENT
MODULE TYPE/SEMESTER: Core (20 credits), Semester 1
MODULE CO-ORDINATOR: Dr Manouchehr Tavakoli
CONTACT DETAILS:
[email protected]
01334 (46)2810
AIM: The course is designed to introduce students to the concepts of financial decisionmaking in uncertain domestic and global markets, as well as providing them with a set of
tools and techniques for use in financial analysis.
Graduating students in management who ultimately work in major corporations, small
companies, governmental entities, or non-profit organisations will need to understand the
implications of their financial decision making for their firm value and/or effectiveness of
their organisation. Generally these decisions are made under conditions of great
uncertainty. Managers must understand the role cash flow plays in creating firm value and
being able to analyse, utilize and monitor financial statements and understand how their
financial decisions impact on the future profitability and survival of the company.
METHOD OF TEACHING AND LEARNING: One two-hour lecture per week, supplemented by
tutorials and seminars.
LEARNING OUTCOMES: By the end of the course, participants should have a strong
grasp of the following concepts and subject matter:
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Key analytical techniques involving the time value of money, and bond and stock
valuations.
Financial assessments of potential capital investments, risk and return, cost of
capital, and firm’s capital structure.
INDICATIVE TOPIC OUTLINE:
Lecture topics:
 Objectives of the firm
 Cash Flows and Profits
 Time Value of Money
 Capital Budgeting
 Valuing Stocks and Bonds
 Risk and Uncertainty
 Efficient Market Theory
 Portfolio Theory
 Asset Pricing Models
 Capital Structure
UNIVERSITY OF ST ANDREWS
School of Management
ASSESSMENT:



Two hour written examination in December diet (50%)
A class test in Week 6 (25%)
An essay to be submitted in Week 9 on an agreed topic (25%)
READING LIST:
Main textbooks:
D. Hillier, S. Ross, R. Westerfield, J. Jaff and B. Jordan. (2010). Corporate Finance. McGraw
Hill.
S.A Ross, R.W. Westerfield, and B. Jordan (2008), Fundamentals of Corporate Finance, 8th
ed., Homewood, IL: Irwin/ McGraw Hill.(or generally any of the earlier editions of the text).
S.A Ross, R.W. Westerfield, J. Jaffe and B. Jordan (2007), Financial Management, 8th ed.,
New York:
McGraw Hill 2007. (or generally any of the earlier editions of the text).
Further reading will be provided in the class.
UNIVERSITY OF ST ANDREWS
School of Management
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