Module Details

Module Code: TOUR8010
Title: Advanced Business Finance
Long Title: Advanced Business Finance
NFQ Level: Advanced
Valid From: Semester 1 - 2020/21 ( September 2020 )
Duration: 1 Semester
Credits: 5
Field of Study: 8120 - Tourism
Module Delivered in: 3 programme(s)
Module Description: This module develops the student's understanding of financial management principles and methodology.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Discuss and describe key financial management concepts
LO2 Discuss and describe dividend policy and capital structure
LO3 Evaluate capital investment decisions using a number of appraisal methods
LO4 Calculate the weighted average cost of capital (WACC)
LO5 Discuss and describe the importance of portfolio theory and calculate the capital asset pricing model
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
Key Financial Decisions
The three key financial decisions (investment, financing and dividend) and the key role played by the manager. Agency theory and shareholders wealth.
Dividend Policy Theory and Capital Structure
Dividend policy theory including motives for paying dividends, factors influencing the dividend amount and the information content of dividends, competing dividend policy theories. The theories of capital structure.
Investment Appraisal
Practical use of net present value (NPV) , accounting rate of return (ARR), payback and internal rate of return (IRR) as investment appraisal techniques and implications of capital rationing.
Weighted Average Cost of Capital (WACC)
Calculate the weighted average cost of capital (WACC) using the value and cost of each element of a capital structure.
Portfolio Theory Concepts
Portfolio theory concepts and their use in the investment decision, measuring risk, diversification, financial and non-financial factors and capital asset pricing model (CAPM).
Module Content & Assessment
Assessment Breakdown%
Coursework30.00%
End of Module Formal Examination70.00%

Assessments

Coursework
Assessment Type Short Answer Questions % of Total Mark 30
Timing Week 8 Learning Outcomes 1,2,3
Assessment Description
Financial Management Concepts, Policy and Capital Structure and Appraisal Methods.
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
Timing End-of-Semester Learning Outcomes 1,2,3,4,5
Assessment Description
End-of-Semester Final Examination
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 Formal Lecture Every Week 4.00 4
Independent & Directed Learning (Non-contact) Non Contact Published articles and research Every Week 3.00 3
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Lecture Every Week 1.50 1.5
Independent Learning Non Contact Review of lecture material and independent learning Every Week 5.50 5.5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 1.50
 
Module Resources
Recommended Book Resources
  • Power, Walsh, O'Meara. (2009), Financial Management: An Irish Text, 3rd. Gill and Macmillan, Dublin, [ISBN: 071745546].
Supplementary Book Resources
  • Peter Atrill and Eddie McLaney. (2015), Accounting and Finance for Non-Specialists, 9th. FT Prentice Hall, Essex, [ISBN: 1292062711].
This module does not have any article/paper resources
This module does not have any other resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_OHMGT_8 Bachelor of Business (Honours) in Hospitality Management 7 Mandatory
CR_FTRSM_8 Bachelor of Business (Honours) in Tourism Management 7 Mandatory
CR_EABMT_8 Bachelor of Science (Hons) in Automotive Business Management and Technology 8 Mandatory