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Advanced Corporate Finance

Module code: ACFI 3310

Module description

In this module, you will focus on those contexts, theories and practices which are important to financial managers within firms. This module builds on ACFI2303 (Corporate Finance) and ACFI2304 (Equity and Fixed Income Valuation) in your second year. Topics covered in the module include: The efficient market hypothesis (EMH) and shareholder wealth maximisation; Fisher separation and capital budgeting/investment appraisal; firm valuation techniques; raising capital, the importance of capital structure and financial leverage; corporate dividend policy; firm expansion through mergers and acquisition (M&A); risk management, options, and option pricing models; and bankruptcy prediction.

Students are expected to critically evaluate the arguments and evidence presented, using structured and unstructured data that they acquire themselves from a variety of sources. The module requires numeracy skills, an appropriate use of statistics, communication skills, technology skills and team working.

Contact hours per student per year

  • Lectures: 22 hours
  • Tutorials: 22 hours

Assessments

  • Bankruptcy analysis (500 words): 30%
  • Unseen exam (120 mins): 70%

Additional costs: No extra costs other than the purchase of books