Indicative Reading List
Finance Modules
Semester 1 - 2009
Please note: Recommended text books may change prior to the commencement of
courses if, for example, a new edition is published. You are advised to be cautious in
purchasing any textbooks prior to enrolment.
BEAM044 Fundamentals of Financial Management
Fundamentals of Financial Management by Brigham and Houston, concise 6th edition,( older version of both
concise and standard can be used) South Western (Thomson Learning)
BEAM031 Financial Instruments
Reilly, F.K., and K. C. Brown Investment Analysis and Portfolio Management, 9th edition, (Dryden, 2008)
Solnik, B., and D. McLeavey, 2004, International Investments, 5th ed., Addison Wesley
BEAM032 Investment Analysis 1
Required reading:
K. Palepu, P. Healy, V. Bernard, and E. Peek (2007), Business Analysis and Valuation, IFRS edition (1st
edition), text only; Cengage Learning Business Press.
Supplementary reading:
Penman S.(2006): Financial Statement Analysis and Security Valuation, McGraw-Hill, 3rd edition.
Lundholm R. and R.Sloan, 2007, Equity Valuation and Analysis, 2 nd ed, McGraw-Hill Irwin
Robinson T., Van Greuning H., Henry E. and M.A. Broihahn (2008): International Financial Statement
Analysis (CFA Institute Investment Series)" Wiley.
BEAMxxx Financial Modelling
Simon Benninga, Financial Modeling (third edition), MIT Press, 2008
BEFM010 Investment Research Methods 1
Quantitative Methods for Investment Analysis, Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto,
and David E. Runkle (AIMR, 2001)
Economics: Private and Public Choice, 10th edition, James D. Gwartney, Richard L. Stroup, and Russell S.
Sobel (South Western 2003)
+ assigned papers and articles
*Indicates core text
July 2008
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Semester 2 - 2009
BEAM033 Banking and Financial Services
Core text:
Mishkin, F. S. 2007, Money, Banking, and Financial Markets. Eigth Edition. Pearson Addison Wesley.
Recommended texts:
Howells P. & Bain K., (2005), "The Economics of Money, Banking & Finance: A European Text", 3rd edition,
Prentice-Hall & Financial Times
Kohn, M. 2004, Financial Institutions and Markets. Second Edition. Oxford University Press.
BEAM039 Principles of Finance
 E. Elton, M. Gruber, S Brown, and W Goetzman, 2007, Modern Portfolio Theory and Investment Analysis, 7th edition, John
Wiley & Sons, ISBN 0-470-05082-9.
 H. Levy and T. Post, 2005, Investments, Prentice Hall, ISBN 0-273-65164-1.
Other readings recommended in the course of the semester.
BEAM038 Investment Analysis 2
Required reading:
Alan Gregory, Strategic Valuation of Companies, 2nd Edition., Financial Times
K. Palepu, P. Healy, V. Bernard, and E. Peek (2007), Business Analysis and Valuation, IFRS edition (1st
edition), text only; Cengage Learning Business Press.
Supplementary reading:
T Copeland, T Koller, J Murrin, McKinsey & Co Inc, 2000, Valuation-Measuring and Managing Value of
Companies, 3rd ed., Wiley
John D. Stowe, Thomas R. Robinson, Jerald E. Pinto, Dennis W. McLeavey, Analysis of Equity Investments:
Valuation (Hardcover), Aug 2002, AIMR
BEAM034 Corporate Finance
Fundamentals of Financial Management by Brigham and Houston, Concise 6e, South Western. Older
editions of this book (either the Concise version or the standard version) can also be used.
BEAM035 Derivatives Pricing
Required texts:
Don M. Chance, Analysis of Derivatives for the CFA® Program, 2003
Frank J. Fabozzi, Fixed Income Analysis for the CFA® Program, 2007
Additional reading:
Hull, J., 2000, Options, Futures and other derivatives, 3rd ed., Prentice Hall
Kolb, R. W., 2002, Futures, Options and Swaps, 3rd ed., Blackwell Business
BEAM036 Domestic & International Portfolio Management
Required reading:
Solnik, B., and D. McLeavey, 2004, International Investments, 5th ed., AIMR, Addison Wesley
Additional reading:
Reilly, F.K., and K.C. Brown, 2006, Investment Analysis and Portfolio Management, 8th ed., Thomson SouthWestern
Hull, J.C., 2003, Options, Futures, and Other Derivatives, 5th ed., Prentice Hall
BEAM033 Banking & Financial Services
Core text:
Kohn, M. 2004, Financial Institutions and Markets. Second Edition. Oxford University Press.
Recommended texts:
Howells, P., and Bain, K. 2002, The Economics of Money, Banking and Finance. Second Edition. Financial
Times Prentice Hall.
Mishkin, F. S., and Eakins, S. G. 2000, Financial Markets and Institutions. Third Edition. Addison Wesley
Longman.
Valdez, S. 2003. An Introduction to Global Financial Markets. Fourth Edition. Palgrave Macmillan.
BEAM042 International Financial Management
Alan C. Shapiro, Multinational Financial Management, 8th ed. Wiley, 2006. OR
Jeff Madura, International Corporate Finance, 8th ed. Thomson, 2006
July 2008
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BEAM037 Investment Analysis Project
K. Palepu, P. Healy, V. Bernard, 2003, Business Analysis and Valuation using Financial Statements, 3rd ed,
Thomson South Western;
G.I. White, A.C. Sondhi and D. Fried, 2003, The Analysis and Use of Financial Statements, 3rd ed, Wiley;
M. Fridson and F. Alvarez, 2002, Financial Statement Analysis: A Practitioner’s Guide, 3rd ed, Wiley;
Simon Benninga, Financial Modeling, 2000, Second edition, MIT Press.
MSc Financial Analysis & Fund Management
BEFM010 Investment Research Methods 1
CFA Curriculum set plus:
Quantitative Methods for Investment Analysis, Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto,
and David E. Runkle (AIMR, 2001)
Economics: Private and Public Choice, 10th edition, James D. Gwartney, Richard L. Stroup, and Russell S.
Sobel (South Western 2003)
+ assigned papers and articles
BEFM011 Financial Statement Analysis
CFA Curriculum set plus:
Financial Statement Analysis, Curriculum Volume 3, CFA Institute, CFA Program Level 1, 2008.
Supplementary:
G.I. White, A.C. Sondhi and D. Fried, 2003, The Analysis and Use of Financial Statements, 3rd ed, Wiley.
Assigned research papers to be distributed during the class.
BEFM012 Financial Theory & Management
CFA curriculum set plus:
Fundamentals of Financial Management by Brigham and Houston, 11th edition (10th edition is OK), South
Western (Thomson Learning)
BEFM013 Investment Instruments
CFA curriculum set plus:
Reilly, F.K., and K. C. Brown Investment Analysis and Portfolio Management, 9th edition, (Dryden, 2008)
+ assigned articles and papers.
BEFM014 Investment Research Methods 2
CFA Curriculum set plus:
Quantitative Methods for Investment Analysis, Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto,
and David E. Runkle (AIMR, 2001)
The Analysis and Use of Financial Statements, 2nd edition, Gerald I. White, Ashwinpaul C. Sondhi, and Dov
Fried (Wiley, 1998)
+ assigned articles and papers
BEFM015 Portfolio Management & Asset Allocation
CFA Curriculum set plus:
Solnik, B., and D. McLeavey, 2004, International Investments, 5th ed., AIMR, Addison Wesley
Additional reading:
Reilly, F.K., and K.C. Brown, 2006, Investment Analysis and Portfolio Management, 8th ed., Thomson SouthWestern
Hull, J.C., 2003, Options, Futures, and Other Derivatives, 5th ed., Prentice Hall
Fixed Income Analysis for the Chartered Financial Analyst Program, Frank J. Fabozzi (Frank J. Fabozzi
Associates, 2000)
Standards of Practice Handbook, 8th edition (AIMR, 1999), Standards of Practice Casebook (AIMR, 1996)
BEFM016 Equity Valuation Models & Issues
CFA curriculum set plus:
Required reading:
Alan Gregory, Strategic Valuation of Companies, 2nd Edition., Financial Times
K. Palepu, P. Healy, V. Bernard, and E. Peek (2007), Business Analysis and Valuation, IFRS edition (1st
edition), text only; Cengage Learning Business Press.
Supplementary reading:
T Copeland, T Koller, J Murrin, McKinsey & Co Inc, 2000, Valuation-Measuring and Managing Value of
Companies, 3rd ed., Wiley
John D. Stowe, Thomas R. Robinson, Jerald E. Pinto, Dennis W. McLeavey, Analysis of Equity Investments:
Valuation (Hardcover), Aug 2002, AIMR
July 2008
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BEFM017 Credit Instruments & Derivatives
CFA Curriculum set plus:
Required texts:
Don M. Chance, Analysis of Derivatives for the CFA® Program, 2003
Frank J. Fabozzi, Fixed Income Analysis for the CFA® Program, 2007
Additional reading:
Hull, J., 2000, Options, Futures and other derivatives, 3rd ed., Prentice Hall
Kolb, R. W., 2002, Futures, Options and Swaps, 3rd ed., Blackwell Business
MSc Accounting and Finance
Accounting modules: Semester 1
BEAM024 Advanced Financial Accounting (MSc A&F only)
There is no one core module text but the following books are relevant to various sections of the module:
Beaver, W. (1998), Financial Reporting: an Accounting Revolution, 3rd edition, Prentice Hall
Bromwich, M. (1991), Financial Reporting, Information and Capital Markets, Pitman
Hopwood A and Miller P. (eds) 1994, Accounting as Social and Institutional Practice, Cambridge University Press
Parker, R., Harcourt, G. and Whittington G. (1986), Readings in the concept and measurement of income, Philip
Allan
Belkaoui, A. (2004), Accounting Theory, 5th edition, Cengage Learning (formerlyThomson Learning)
Scott, W. (2006), Financial Accounting Theory, 4th edition, Prentice Hall
Watts, R. and Zimmerman, J. (1986), Positive Accounting Theory, New York: Prentice Hall
In addition reference will be made to a selection of academic journal articles, including:
Barth, M. and Landsman, W. (1995), Fundamental Issues Related to Using Fair Value Accounting for Financial
Reporting, Accounting Horizons, December, pp.97-107.
Beaver, W. and Demski, J. (1979), The Nature of Income Measurement, The Accounting Review, Vol. 54, No. 1.
(Jan) pp. 38-46
Benston, G. (2006), Fair-value accounting: A cautionary tale from Enron, Journal of Accounting and Public
Policy, 25, pp.465-484
Dechow, P. and Skinner, D. (2000), Earnings Management: Reconciling the views of Accounting Academics,
Practitioners and Regulators, Accounting Horizons, Vol. 14 (2), pp. 235-250.
Dechow, P., Hutton, A. and Sloan, R. (1999), An empirical assessment of the residual income valuation model,
Journal of Accounting and Economics, Vol. 26, pp1–34.
Holland, K. and Jackson, R. (2004), Earnings Management and Deferred Tax, Accounting and Business Research,
Vol. 34 No 2, pp.101-123.
O’Hanlon, J. (1995), The Univariate Time Series Modelling of Earnings: A Review, British Accounting Review,
Vol. 27(3), 1995, 187-210.
Ohlson, J. (1995), Earnings, Book Values, and Dividends in Equity Valuation, Contemporary Accounting
Research, 11(2), pp. 661-687
Potter B., (2005), Accounting as a social and institutional practice: perspectives to enrich our understanding of
accounting change, Abacus, Vol. 41 (3), pp. 265-289,
Verrechia, R., (1983), Discretionary disclosure, Journal of Accounting and Economics, December, pp.179-194
Walker, M., (1988), The Information Economics Approach Towards Financial Reporting, Accounting and
Business Research, Vol.18, pp.170–182.
Walker, M., (1997) Clean Surplus Accounting Models and Market Based Accounting Research: A Review,
Accounting and Business Research, Autumn, pp. 341-355.
BEAM025 Advanced Management Accounting (MSc A&F only)
Core Text (used extensively):
Taha, H. A. (2007), Operations Research: An Introduction, 8th Ed., Pearson
Prentice Hall.
Selected Journal Articles:
Davis, S. and Albright, T. (2004), An investigation of the effect of
Balanced Scorecard implementation on financial performance, Management
Accounting Research, Vol 15, No 2, June, pp. 135-153.
Melnyk, S.A., Stewart, D.M. and Swink, M. (2004), Metrics and performance
measurement in operations management: dealing with the metrics maze,
Journal of Operations Management,Vol 22, No 3, pp. 209-218
Ozbilgin, M. and Penno, M. (2005), Corporate Disclosure and Operational
Strategy: Financial vs. Operational Success, Management Science, Vol 51,
No 6, June.
July 2008
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BEAM026 Corporate Governance and Reporting (MSc A&F only)
A selection of book parts, including readings from:
Solomon, J and Solomon A (2004), Corporate Governance and Accountability, Wiley,
Bebchuk, L.A. and Fried, J. M. (2004), Pay without performance: The unfulfilled promise of executive
compensation, Harvard University Press, Harvard
A selection of academic journal articles, including:
Gregory, A. and Collier, P. (1999), Audit Committee Activity and Agency Costs, Journal of Accounting and
Public Policy, 18: 4-5, Winter
Solomon, A. (2000), Could Corporate Environmental Reporting Shadow Financial Reporting?, Accounting
Forum, Vol. 24, No 1, March, pp. 35-61.
Solomon, A. and Lewis, L.A. (2002), Incentives and Disincentives for Corporate Environmental Disclosure,
Business Strategy and the Environment, Vol 11, No 3, pp.154-169.
Solomon, J. F., Solomon, A., Joseph, N. L. and Norton, S.D. (2000), Institutional Investors' Views on
Corporate Governance Reform: Policy Recommendations for the 21st Century, Corporate Governance: An
International Review, Vol 8, No 3, July, pp. 217-226.
A selection of web-based materials, including:
The Revised Combined Code on Corporate Governance and other materials via http://www.frc.org.uk/
FTSE4GOOD materials at, http://www.ftse.com/ftse4good/index.jsp
The International Corporate Governance Institute at http://www.icgn.org/
BEAM027 60 credit Dissertation (MSc A&F only)
July 2008
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