THE UNIVERSITY of EDINBURGH

DEGREE REGULATIONS & PROGRAMMES OF STUDY 2022/2023

Timetable information in the Course Catalogue may be subject to change.

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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Finance (MBA) (CMSE11238)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits10 ECTS Credits5
SummaryThis course is intended to provide a foundation in financial decision making - and an understanding of the techniques of financial analysis. It introduces the key elements of financial management and provides an outline of how to carry out financial evaluations of business decisions.
Course description The course is intended to introduce some of the fundamental concepts underlying finance theory and to outline the role of the finance function within an enterprise. The course covers both descriptive material on financial markets, institutions and instruments, and analytical material on the assessment of projects and the valuation of securities.

Syllabus:
Introduction to Finance
Time value of money and bond valuation
Valuing shares
Investment appraisal techniques
Investment appraisal using DCF
Risk, return and the WACC
Capital Structure
Payout Policy

Student Learning Experience:
The course focuses primarily on a mix of lectures and tutorials, with detailed guidance and exercises provided to support students in understanding and practising financial evaluations. Occasional guest practitioners will also contribute to the course.

Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements For Business School MBA students only.
Course Delivery Information
Academic year 2022/23, Not available to visiting students (SS1) Quota:  None
Course Start Semester 2
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 100 ( Lecture Hours 30, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 2, Directed Learning and Independent Learning Hours 66 )
Assessment (Further Info) Written Exam 100 %, Coursework 0 %, Practical Exam 0 %
Additional Information (Assessment) Exam 100%

Feedback Students will receive formative feedback as they progress through the practical exercises integrated within the course. Generic feedback and marks for the exam will be issued within one month of the end of the course. Exam scripts cannot be taken away by students. Students who wish to view an exam script should contact the programme support team to arrange a time.
No Exam Information
Learning Outcomes
On completion of this course, the student will be able to:
  1. Understand and critically discuss the functions and aims of financial management and the nature of financial decision-making within the organisation.
  2. Understand and critically discuss some of the main techniques of financial analysis on which finance practice depends.
  3. Understand and critically discuss the role of capital markets and how debt and equity are valued in financial markets.
  4. Understand and critically discuss the criteria used to evaluate investments or capital projects.
  5. Understand and critically discuss how risk affects project evaluation and apply the financial approach to evaluate decisions with uncertain outcomes.
Reading List
Recommended text book:
Brealey, R.A., Myers, S.C. and Marcus, A.J., Fundamentals of Corporate Finance, 10th edition, McGraw-Hill, 2020
Additional Information
Graduate Attributes and Skills Reasoning and numerical analysis
Comfort with the use of financial calculators familiarity with financial concepts and techniques

Subject Specific Skills:
Undertake simple financial computations, namely compounding and discounting in order to derive future values and present values for a series of cash flows.
Use basic financial methodologies, namely present and future value calculations, to solve problems in finance.
Undertake financial valuation using discounted cash flow analysis in situations of uncertainty.
Analyse straightforward financial problems that businesses encounter and be able to formulate appropriate solutions.
Appraise critically the systems adopted by firms for assessing and approving major capital investments.
Undertake a simple investment appraisal using discounted cash flow methods.
KeywordsFinance Investment Capital Evaluation
Contacts
Course organiserProf Jo Danbolt
Tel: (0131 6)50 2448
Email: Jo.Danbolt@ed.ac.uk
Course secretaryMrs Angela Muir
Tel: (0131 6)51 3854
Email: Angela.Muir@ed.ac.uk
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