Modiwl ASB-2202:
Corporate Finance

Ffeithiau’r Modiwl

Rhedir gan Bangor Business School

20 Credyd neu 10 Credyd ECTS

Semester 1 a 2

Trefnydd: Dr Danial Hemmings

Amcanion cyffredinol

NOTE: The 10-credit module ASB2203 Finance comprises the Semester 1 content of ASB-2202.

AIMS: To examine the concepts and principles underlying key financial decisions. To provide an introduction to corporate finance.

Cynnwys cwrs

The content may include but will not be limited to; Present value and the opportunity cost of capital; Net present value and alternative methods of investment appraisal; Project analysis; Financial planning, and analysing financial performance; Investment risk and return, and portfolio theory; The Capital Asset Pricing Model; Short-term and long-term financing; Estimating the cost of debt and equity; Weighted average cost of capital; Capital structure, and market imperfections; Dividend policy; Finance for Small and Medium-sized Entities (SMEs).

Meini Prawf

trothwy

D- to D+; Basic understanding of key concepts and analytical techniques.

da

B- to B+; Good understanding of key concepts and good analytical skills.

ardderchog

A- to A*; Comprehensive and creative understanding of concepts and analytical techniques.

C- i C+

C- to C+; Broad and sound understanding of key concepts and analytical techniques.

Canlyniad dysgu

  1. Understand the nature and implications of risk and return in corporate finance.

  2. Apply techniques for financial valuation and rules for capital investment.

  3. Analyse financial performance.

  4. Understand the portfolio concept in finance and the implications on corporate financing decisions.

  5. Understand the nature and implications of alternative long-term financing decisions.

Dulliau asesu

Math Enw Disgrifiad Pwysau
PRAWF DEALLTWRIAETH Semester 1 Online Test

Online test consisting of multiple choice questions.

10
ARHOLIAD Semester 1 Formal Examination 1.5 hours

1.5 hour closed-book exam at the end of semester 1.

30
ADDRODDIAD Semester 2 assignment

1,500 word individual assignment in the form of a report.

30
ARHOLIAD Semester 2 Formal Examination 1.5 hours

1.5 hour closed-book exam at the end of semester 2.

30

Strategaeth addysgu a dysgu

Oriau
Private study

A minimum of 160 hours of private study is advised.

160
Lecture

One 2-hour lecture per week.

40

Sgiliau Trosglwyddadwy

  • Llythrennedd - Medrusrwydd mewn darllen ac ysgrifennu drwy amrywiaeth o gyfryngau
  • Rhifedd - Medrusrwydd wrth ddefnyddio rhifau ar lefelau priodol o gywirdeb
  • Adalw gwybodaeth - Gallu mynd at wahanol ac amrywiol ffynonellau gwybodaeth
  • Dadl - Gallu cyflwyno, trafod a chyfiawnhau barn neu lwybr gweithredu, naill ai gydag unigolyn neu mewn grwˆp ehangach

Sgiliau pwnc penodol

  • knowledge of theories and empirical evidence concerning financial management, risk and the operation of capital markets (in cases of degrees with significant finance content).
  • Analysis, deduction and induction. Economic reasoning is highly deductive, and logical analysis is applied to assumption-based models. However, inductive reasoning is also important. The development of such analytical skills enhances students' problem-solving and decision-making ability.
  • An appreciation of the nature of the contexts in which finance can be seen as operating, including knowledge of the institutional framework necessary for understanding the role, operation and function of markets and financial institutions (e.g. the economic, legal, regulatory and tax environment, both national and international; the firm; the capital markets and the public sector).
  • A knowledge of the major theoretical tools and theories of finance, and their relevance and application to theoretical and practical problems (e.g. concept of arbitrage and examples of its use; financial mathematics and capital budgeting criteria; informational efficiency; optimal risk sharing; portfolio theory; asset pricing models and the valuation of securities; cost of capital; derivative pricing; risk management; information asymmetry; principal agency relationships; signalling; Fisher separation and capital budgeting criteria; behavioural finance; term structure and the movement of interest rates; determination of exchange rates and financial intermediation).
  • An understanding of the financing arrangements and governance structures of business entities, and an appreciation of how theory and evidence can be combined to assess the effectiveness and efficiency of such arrangements (e.g. decisions as to sources of finance and financial structure; the pricing of corporate securities; the market for corporate control; corporate governance structures and mechanisms; financial planning and international dimensions of finance).
  • Numeracy: the use of quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena.
  • Self-management: a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time.

Adnoddau

Rhestrau Darllen Bangor (Talis)

http://readinglists.bangor.ac.uk/modules/asb-2202.html

Rhestr ddarllen

http://readinglists.bangor.ac.uk/modules/asb-2202.html

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