Company Finance (BS0061)

? Credit Points : 10 ? SCQF Level : 11 ? Acronym : MSE-P-BS0061

This course considers the contribution and interrelation of corporate finance and corporate strategy. The course examines the contribution of financial theory and techniques to the pursuit of value enhancement in several key areas of company financial decision-making using a combination of case studies and taught material. Areas to be covered include capital budgeting, economic value added (EVA), financial engineering, valuing flexibility, and strategic investment.

A key element is this course's treatment of financial decision-making as taking place within a corporate strategy framework and integral to all levels and disciplines of management. The course looks at recent developments in financial theory and techniques and discusses how they are being applied within firms to assist in pursuing the goal of value management.

Note: It is traditional for this course to feature one or more outside guest speakers who are directly involved in corporate financial decision-making to give their experience of the issues and problems involved. (The practitioner's perspective).

Entry Requirements

? This course is not available to visting students.

? Pre-requisites : PGs Only

Subject Areas

Home subject area

Business Studies, (Management School and Economics, Schedule H)

Delivery Information

? Normal year taken : Postgraduate

? Delivery Period : Semester 2 (Blocks 3-4)

? Contact Teaching Time : 2 hour(s) 30 minutes per week for 9 weeks

Summary of Intended Learning Outcomes

Upon completing this course students should:
-Recognise the contribution financial appraisal methods can make to developing a firm's strategy
-Understand the difficulties involved in maximising shareholder value due to managerialism
-Recognise the problems in applying investment appraisal techniques in practice
-Be aware of the problem of risk in evaluating project
-Understand the principles behind real options in corporate finance
-Know how financial tools can be applied to develop sustainable competitive advantage
-Be aware of the difficulties in foreign direct investment and appraising international