Module Details

Module Code: ACCT9004
Title: Strategic Corporate Finance
Long Title: Strategic Corporate Finance
NFQ Level: Expert
Valid From: Semester 1 - 2018/19 ( September 2018 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 4 programme(s)
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).

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.
No incompatible modules listed
Co-requisite Modules
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.

No requirements listed
 
Indicative Content
Financing
Term Structure, Gearing Structures, IPOs, Private Equity.
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.
Treasury Management
International Treasury Management, Role and Risks, Centralised Vs Decentralised Approaches
International Investment Appraisal
Exchange Rate Changes and Interest Rate Differentials, NPV, IRR , International Taxation. Stakeholder considerations. Mendelow's matrix.
Mergers & Aquisitions
Organic Vs Acquisitive Growth, Takeover Rules, Defensive Tactics, Business Valuations, Due Diligence, Negotiation and Communication processes.Corporate governance and ethical considerations.
Module Content & Assessment
Assessment Breakdown%
Coursework40.00%
End of Module Formal Examination60.00%

Assessments

Coursework
Assessment Type Written Report % of Total Mark 40
Timing Week 8 Learning Outcomes 1,3,4
Assessment Description
Based on a pre seen case study, prepare a business case setting out an organisation's financing requirement and evaluating an international investment opportunity.
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 60
Timing End-of-Semester Learning Outcomes 1,2,3,4,5
Assessment Description
Based on a pre-seen case-study prepare a business case for a proposed risk management strategy and/or a proposed merger/acquisition/divestment decision.
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
Recommended Book Resources
  • Anne Marie Ward. (2016), Finance: Theory and Practice, 3rd. Chartered Accountants Ireland, Dublin, p.862, [ISBN: 9781908199485].
Recommended Article/Paper Resources
  • Accountancy Age. Monthly Magazine.
Supplementary Article/Paper Resources
  • Financial Times. Daily Newspaper.
Other Resources
  • www.ft.com, Financial Times. (2018), Various articles.
  • www.accountancyage.com, Accountancy Age. (2018), Various articles.
  • www.ise.ie, Irish Stock Exchange. (2018), Various articles.
  • www.cfo.com, Corporate Finance News. (2018), Various articles.
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BBADM_9 Master of Business Administration 3 Elective
CR_BSTRA_9 Master of Business Administration in Strategy 3 Elective
CR_BAVMA_9 Master of Business Administration with Aviation Management 1 Elective
CR_BAACC_9 Master of Science in Applied Accounting 1 Mandatory