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

Postgraduate Course: Corporate Finance (CMSE11342)

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 Credits15 ECTS Credits7.5
SummaryThis 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.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Course Delivery Information
Academic year 2024/25, Not available to visiting students (SS1) 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 )
Assessment (Further Info) Written Exam 100 %, Coursework 0 %, Practical Exam 0 %
Additional Information (Assessment) 100% Written Exam (Individual) - Assesses all course Learning Outcomes
Feedback Formative: Feedback will be provided throughout the course.

Summative: Feedback will be provided on the assessment within agreed deadlines.
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:
  1. Understanding of the core concepts and methods of analysis in corporate finance.
  2. 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.
  3. Understanding of currency risk and interest-rate risk, and the use of financial products to manage these risks.
  4. Understanding of real options, and simple valuations of real options.
  5. Understanding of the main theories to explain a company's gearing, capital structure, and dividend policies, as well as the valuation principles.
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 Practice: Applied Knowledge, Skills and Understanding

After completing this course, students should be able to:

Work with a variety of organisations, their stakeholders, and the communities they serve - learning from them, and aiding them to achieve responsible, sustainable and enterprising solutions to complex problems.

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.

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.

Knowledge and Understanding

After completing this course, students should be able to:

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.
KeywordsNot entered
Course organiserDr Pia Helbing
Course secretaryMiss Lindsay Hunter
Tel: (0131 6)50 3823
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