Business Finance

Module code: ACFI 3203

Module description

By undertaking this module, students are introduced to the main principles of corporate financial decision-making. Analytically, using normative economic theory as the basic philosophical foundation, students are exposed to the three essential parts of business finance, namely:

  • Financing decisions and their impact on a company's capital structure and methods to optimise the company's gearing levels in terms of the overall cost of capital
  • Corporate investment decisions and the fundamental tools for their analysis
  • The selection of a suitable dividend policy including the underlying theoretical viewponts on the selection and impact of such policies to both shareholders and the firm

Contact hours per student per year

  • Lectures: 44 hours
  • Tutorials: 22 hours


  • Unseen exam (180 minutes): 100%

Additional costs: No extra costs other than purchase of books