FNCE H4305 - Corporate Finance

Module Title:Corporate Finance for Business
Language of Instruction:English
Credits: 5
NFQ Level:8
Module Delivered In 5 programme(s)
Teaching & Learning Strategies: Lectures - communication of knowledge and ideas from the lecturer to the student. Problem Solving Exercises - student will work as part of a team and will work together to resolve various business scenarios. Class Discussion/Debate - Students will be encouraged to actively participate in the class sessions which will develop their analytical and communication skills. E-Learning - It is envisaged that the module will be supported with on-line learning materials. Self-Direct Independent Learning - the emphasis on independent learning will develop a strong and autonomous work and learning practices.
Module Aim: The aim of this module is to develop theoretical and practical skills and knowledge expected of a business manager in relation to corporate finance.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Define and explain the key terms, concepts and practices for corporate finance decision making
LO2 Identify and apply appropriate tools and techniques that may be used to aid decision-making in the area of corporate finance.
LO3 Critically examine how risk, ethical considerations and the needs of other stakeholders influence the pursuit of shareholder wealth maximisation.
Pre-requisite learning
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.

No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
No requirements listed

Module Content & Assessment

Indicative Content
Corporate Finance Overview
Nature and role of corporate finance; Agency theory; Balancing risk and return; Ethical considerations, Corporate Governance, Current and emerging developments in finance, Wealth maximisation.
Cost of Capital
Cost of equity capital using CAPM and dividend valuation model; Cost of debt finance and other forms of finance; Weighted average cost of capital (WACC); Effect of WACC and business valuation; Capital market efficiency.
Capital Structure Debate
Financial gearing; Business and financial risk; Traditional view of the optimal capital structure; Modigliani & Miller's capital structure theory (with & without tax); Practical influences on the optimal gearing level.
Dividend and Distribution Decisions
Nature of dividends; Importance of dividends; Modigliani and Miller’s dividend irrelevance theory; Dividends as a residual; Practical influences on the level of dividends; Effect of dividend policy on financing decisions.
Business Mergers and Takeovers
Reasons for mergers & takeovers; Main forms of purchase consideration; Winners and losers from takeover activity; Tactics to defend against a hostile bid; Main methods for valuing shares of a business.
Assessment Breakdown%
Continuous Assessment100.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Short Answer Questions Key terms and concepts 1 30.00 Week 6
Case Studies On key section of module such as - Mergers and Takeovers, Capital Structure, Dividend Policy 2 40.00 Week 8
Presentation On an aspect of Corporate Finance such as Corporate Governance, Agency Problem, Ethical Considerations, Sustainability 3 30.00 Week 12
No Project
No Practical
No End of Module Formal Examination

ITCarlow reserves the right to alter the nature and timings of assessment


Module Workload

Workload: Full Time
Workload Type Frequency Average Weekly Learner Workload
Lecture 12 Weeks per Stage 3.00
Independent Learning 15 Weeks per Stage 5.93
Total Hours 125.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture 12 Weeks per Stage 1.50
Independent Learning Time 15 Weeks per Stage 7.13
Total Hours 125.00

Module Delivered In

Programme Code Programme Semester Delivery
CW_BBBBM_B Bachelor of Business (Honours) in Management 8 Elective
CW_BBBBM_B Bachelor of Business (Honours) in Management 6 Group Elective 1
CW_BBHRM_D Bachelor of Business in Human Resource Management 6 Group Elective 1
CW_BBSCM_D Bachelor of Business in Supply Chain Management 6 Group Elective 1
CW_BRLMB_B Bachelor of Business(Honours) in Management 4 Elective