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SSST Subjects

EC310 Finance for Managers

 
 

Programme(s) where module is offered

  • BSc in Economics with Finance
  • BSc in Business and Management with Finance
 

Status (core, option, free choice)

Option

 

FHEQ Level

5

 

Unit Value

6 ECTS

 

Semester taught

Autumn

 

Pre-Requisite Modules or Qualifications

None

 

Module Code

EC310

 

Module coordinator

Deni Memic

 

Applicable From

2017

 

Educational Aims of the Module

  • The module teaches corporate financial management and financial statement analyses.
  • The module first integrates finance and accounting concepts in order to show how the structure of accounting can be exploited for valuation analysis.
  • In the second part, the module lays out the financial statement analysis that identifies value generation in a business. This part shows how firms manage their working capital and the capital structure.
  • In the final part the module covers financial forecasting. The forecasting is developed within a financial statement framework so that forecasting is an exercise in pro forma financial statement analysis.
  • The analysis then shows how to convert forecasts into valuations of firms and their strategies.
 

Module Outline/Syllabus

  • Financial statements analysis and valuation

  • Analysis of the statement of shareholders’ equity

  • Analysis of the balance sheet and income statement to reveal profitability

  • Analysis of the cash flow statement to identify cash generation

  • Analysis of profitability and growth

  • Financial forecasting

  • Converting forecasts to a valuation

  • Accounting methods and measures of profitability, growth and residual earnings

  • Fundamental risk analysis

 

Student Engagement Hours

Type Number per Term Duration Total Time

Lectures

15 1.5 22.5

Workshops

5 1.5 7.5

Seminars

5 1.5 7.5
Tutorials 5 1.5 7.5
Total Guided/Independent Learning Hours 45.0
Total Contact Hours 105.0
Total Engagement Hours 150.0
 

Assessment Method Summary

Type Number Required Duration / Length Weighting Timing / Submission Deadline

Final exam

1

3 hours

50%

Week 17

Mid-term exam

1

2 hours

20%

Week 8

Valuation project and

Presentation

1

1000 words

20 minutes

20%

10%

Weeks 14-15

 

Module Outcomes

Intended Learning Outcomes:

  • Critical understanding of the main aspects of financial performance

  • evaluate financial statements

  • Evaluate how various corporate strategies and business models affect the firms’ value

  • Understanding of the value creation process and the concept of residual earnings

  • Critical understanding of how financial management affects firms’ value

  • Understanding differences among major valuation approaches

Teaching and Learning Strategy:

  • Lectures (ILO: 1-6)

  • In-class exercises (ILO: 1-6)

Assessment Strategy:

  • Written exams (ILO: 1-6)

  • Valuation project (ILO: 4)

Practical Skills:

  • Analyse corporate financial statements

  • Interpret equity research reports

  • Evaluate prices of financial assets

Teaching and Learning Strategy:

  • Lectures (PS: 1-3)

  • In-class exercises (PS: 1-3)

Assessment Strategy:

  • Valuation project (PS: 1-3)

  • Valuation project (PS: 1-3)

Transferable Skills:

  • Research Skills

  • Numerical Skills

  • Communication Skills

  • Team working skills

Teaching and Learning Strategy:

  • Lectures (TS: 1-4)

  • In-class exercises (TS: 2-3)

Assessment Strategy:

  • Exams and tests (TS: 2)

  • Valuation project (TS: 1, 3,4)

 

Key Texts and/or other learning materials

Set text

  • Penman S. H. (2013) Financial Statement Analysis and Security Valuation, 5th Edition, McGraw-Hill

Supplementary Materials

  • Damodaran, A. (2012) Investment Valuation: Tools and Techniques for Determining the Value of any Asset, Wiley

  • Hillier, D. (2016) Corporate Finance: European Edition, 3rd Edition, McGraw-Hil

  • Brealey, R. A., Myers, S. C. & Allen, F. (1970) Principles of Corporate Finance, International Edition, 12th Edition, McGraw-Hill

  • Walther, L. (2016). Principles of Accounting, http://www.principlesofaccounting.com

  • Weetman, P. (2016) Financial Accounting: An Introduction, 7/E, Pearson

  • Elsevier (2017) Journal of Corporate Finance, https://www.journals.elsevier.com/journal-of-corporate-finance/

Please note

This specification provides a concise summary of the main features of the module and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided.

More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each module and programme can be found in the departmental or programme handbook.

The accuracy of the information contained in this document is reviewed annually by the University of Buckingham and may be checked by the Quality Assurance Agency.

Date of Production : January 2017

Date approved by School Learning and Teaching Committee

Date approved by School Board of Study

Date approved by University Learning and Teaching Committee

Date of Annual Review

       
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