Postgraduate Course: Corporate Finance (CMSE11342)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | This course provides an introduction to the core concepts and skills in corporate finance. It considers the main financial decision facing a company, reviews current academic thinking on how these decisions are made and introduces analytical tools that can assist in financial decision-making. |
| Course description |
The Corporate Finance course is designed to provide students with a fundamental knowledge and understanding of corporate finance. This course introduces concepts in corporate finance such as the discounted cash flows, the cost of capital and its uses, and the main ideas relating to real options, debt policy, dividend policy, and raising equity.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Course Delivery Information
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| Academic year 2022/23, Not available to visiting students (SS1)
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Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
150
(
Lecture Hours 20,
Seminar/Tutorial Hours 4,
Summative Assessment Hours 3,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
120 )
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| Assessment (Further Info) |
Written Exam
100 %,
Coursework
0 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
100% exam (individual) - assesses all course Learning Outcomes |
| Feedback |
Formative:
Formative feedback is provided through seminars and discussions. Students are strongly encouraged to ask questions and participate in group discussions.
Summative:
Students will receive detailed feedback on the exam, whether this is in numerical or in verbal form. There will be general feedback on the exam performance. |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S1 (December) | Corporate Finance (CMSE11342) | 3:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- Understanding of the core concepts and methods of analysis in corporate finance.
- Understanding and applying discounted cash flow analysis to value projects, including effect of gearing, estimation of the cost of capital, and assessment of the credibility of a valuation.
- Understanding of currency risk and interest-rate risk, and the use of financial products to manage these risks.
- Understanding of real options, and simple valuations of real options.
- Understanding of the main theories to explain a company's gearing, capital structure, and dividend policies, as well as the valuation principles.
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Reading List
Main textbook:
Brealey, R.A., Myers, S.C. & Allen, F., Principles of Corporate Finance, 13th edition, 2020, McGraw-Hill.
Other textbooks:
Berk, J. & DeMarzo, P., Corporate Finance, 4th edition, 2017, Pearsons.
Damodaran, A. (2015) Applied Corporate Finance, 5th Edition, New York, John Wiley & Sons Ltd.
Hillier, D., Ross, S.A., Jaffe, J. & Jordan, B.D., Corporate finance, 3rd European edition, 2016, McGraw-Hill. |
Additional Information
| Graduate Attributes and Skills |
Knowledge and understanding
After completing this course, students should be able to:
Demonstrate a thorough knowledge and understanding of contemporary organisational disciplines; comprehend the role of business within the contemporary world; and critically evaluate and synthesise primary and secondary research and sources of evidence in order to make, and present, well informed and transparent organisation-related decisions, which have a positive global impact.
Identify, define and analyse theoretical and applied business and management problems, and develop approaches, informed by an understanding of appropriate quantitative and/or qualitative techniques, to explore and solve them responsibly.
Practice: Applied Knowledge, Skills and Understanding
After completing this course, students should be able to:
Apply creative, innovative, entrepreneurial, sustainable and responsible business solutions to address social, economic and environmental global challenges.
Cognitive Skills
After completing this course, students should be able to:
Be self-motivated; curious; show initiative; set, achieve and surpass goals; as well as demonstrating adaptability, capable of handling complexity and ambiguity, with a willingness to learn; as well as being able to demonstrate the use digital and other tools to carry out tasks effectively, productively, and with attention to quality.
Communication, ICT, and Numeracy Skills
After completing this course, students should be able to:
Critically evaluate and present digital and other sources, research methods, data and information; discern their limitations, accuracy, validity, reliability and suitability; and apply responsibly in a wide variety of organisational contexts.
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| Keywords | Not entered |
Contacts
| Course organiser | Dr Pia Helbing
Tel:
Email: |
Course secretary | Miss Charlotte Brady
Tel: (0131 6)50 8074
Email: |
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