AC3059 Financial management
Students may bring into the examination hall their own hand held electronic calculator. If calculators are used they must satisfy the requirements listed in Section 4, Assessment for the programme, of the Detailed Regulations.
Accounting paper will be provided.
May not be taken with FN3092 Corporate finance.
Prerequisites (applies to degree students only)
AC1025 Principles of accounting
A critical perspective of the topic of finance, the role of financial managers and the place of financial markets within the business environment in developed and developing economies. Topics will be set in both national and international contexts.
Sources and methods of raising finance including venture capital, public offerings, private placements and project finance.
A critical review of the different forms of finance such as equity, debt and their derivatives and incorporating critical consideration of their costs individually and in combination. Valuation methods for costing the different elements of capital such as the Capital Asset Pricing Model and the Arbitrage Pricing Model. theories of capital gearing, divident policy and corporate restructuring and refinancing. Mergers and acquisitions.
Evaluation of risk measurement theories and methods and their application to both sources of finance and to investment appraisal. Investment appraisal techniques in the certain and uncertain world, with and without constraints.
Analytical tools, techniques and methods for analysing financial reports incorporating an assessment of their relevance for evaluation and planning purposes. Strategic considerations of financial planning and control, models and methods, for management of corporate liabilities and assets. Consideration of theories and techniques for management of short term funds including treasury and currency management.
An introduction to risk management including hedging, futures, options and derivatives and their uses in both long and short term situations.