Module Details
| Module Code: |
ACCT9004 |
| Title: |
Strategic Corporate Finance
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Long Title:
|
Strategic Corporate Finance
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| NFQ Level: |
Expert |
| Valid From: |
Semester 1 - 2018/19 ( September 2018 ) |
| Field of Study: |
3440 - Accounting, Auditing and Accountability
|
| Module Description: |
This module aims to ensure students can evaluate financial risks and opportunities and apply contemporary treasury management, corporate finance, risk management and investment appraisal management methods.
|
| Learning Outcomes |
| On successful completion of this module the learner will be able to: |
| # |
Learning Outcome Description |
| LO1 |
Critically evaluate an organisation's financing requirement, proposing and defending an appropriate financing structure. |
| LO2 |
Implement appropriate hedging strategies with reference to governance of risk following evaluation of an organisation's interest rate and foreign exchange rate risk exposure, |
| LO3 |
Recommend and defend whether to treasury manage globally or on a decentralised basis having critically evaluated the role of international Treasury Management. |
| LO4 |
Evaluate international investment opportunities involving multi-currencies and stakeholder considerations. |
| LO5 |
Advise a buy/sell side client during the mergers & acquisition process with reference to business valuations and procedural approaches that consider corporate governance and ethical issues. |
| Dependencies |
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
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Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
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| No incompatible modules listed |
Co-requisite Modules
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| No Co-requisite modules listed |
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
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| No requirements listed |
| Indicative Content |
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Financing
Term Structure, Gearing Structures, IPOs, Private Equity.
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Risk Management
Interest Rate Options, FRAs, Caps & Collars, Economic Risk, Translation Hedging, Transaction Hedging, Money Market Hedge, Forward Market Hedge, Currency Options. Risk management overview and governance requirements.
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Treasury Management
International Treasury Management, Role and Risks, Centralised Vs Decentralised Approaches
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International Investment Appraisal
Exchange Rate Changes and Interest Rate Differentials, NPV, IRR , International Taxation. Stakeholder considerations. Mendelow's matrix.
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Mergers & Aquisitions
Organic Vs Acquisitive Growth, Takeover Rules, Defensive Tactics, Business Valuations, Due Diligence, Negotiation and Communication processes.Corporate governance and ethical considerations.
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Module Content & Assessment
|
| Assessment Breakdown | % |
|---|
| Coursework | 40.00% |
| End of Module Formal Examination | 60.00% |
Assessments
| End of Module Formal Examination |
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| Reassessment Requirement |
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.
|
The University reserves the right to alter the nature and timings of assessment
Module Workload
| Workload: Full Time |
| Workload Type |
Contact Type |
Workload Description |
Frequency |
Average Weekly Learner Workload |
Hours |
| Lecture |
Contact |
Lecture and Case Study Workshops |
Every Week |
2.00 |
2 |
| Independent & Directed Learning (Non-contact) |
Non Contact |
Evaluation of case studies. Reading and assessing relevance of academic literature to applied case studies. |
Every Week |
5.00 |
5 |
| Total Hours |
7.00 |
| Total Weekly Learner Workload |
7.00 |
| Total Weekly Contact Hours |
2.00 |
| Workload: Part Time |
| Workload Type |
Contact Type |
Workload Description |
Frequency |
Average Weekly Learner Workload |
Hours |
| Lecture |
Contact |
Lecture and case study workshops |
Every Week |
2.00 |
2 |
| Independent & Directed Learning (Non-contact) |
Non Contact |
Evaluation of mini-case studies. Reading and assessing the relevance of academic literature to applied case studies. |
Every Week |
5.00 |
5 |
| Total Hours |
7.00 |
| Total Weekly Learner Workload |
7.00 |
| Total Weekly Contact Hours |
2.00 |
|
Module Resources
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| Recommended Book Resources |
|---|
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Anne Marie Ward. (2016), Finance: Theory and Practice, 3rd. Chartered Accountants Ireland, Dublin, p.862, [ISBN: 9781908199485].
| | Recommended Article/Paper Resources |
|---|
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Accountancy Age. Monthly Magazine.
| | Supplementary Article/Paper Resources |
|---|
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Financial Times. Daily Newspaper.
| | Other Resources |
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www.ft.com, Financial Times. (2018), Various articles.
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www.accountancyage.com, Accountancy Age. (2018), Various articles.
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www.ise.ie, Irish Stock Exchange. (2018), Various articles.
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www.cfo.com, Corporate Finance News. (2018), Various articles.
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