BUSINESS FINANCE - 2018/9
Module code: MAN2089
The prime motivator in business activity is sustainable profitability for shareholders' wealth maximization. It follows that all managers are likely to perform better towards that goal if they understand the mechanisms for achieving sustainable profit by acting in the interest of stakeholders. This module is designed to give students the necessary basic background in finance to enable them to be effective business managers. It covers the fundamental principles of corporate finance and investment in bonds, stocks, and projects, along with day-to-day working capital management.
Surrey Business School
SHI Kan (FASS Centres)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 5
JACs code: N100
Module cap (Maximum number of students): N/A
Prerequisites / Co-requisites
Indicative content includes:
Introduction to Business Finance
Financial Analysis and Planning – includes profitability,liquidity and investment ratios. Earnings per share (EPS). The limitations of ratio analysis.
Working Capital Management – The elements and importance of working capital. Management of inventories, accounts payable, accounts receivable and cash. Determining working capital needs and funding strategies.
Time Value of Money – discounted cash flow valuation.
Asset Valuation – valuing bonds and equities
Capital Investment Appraisal- introduction to average accounting return, internal rate of return and net present value
|Assessment type||Unit of assessment||Weighting|
|School-timetabled exam/test||1 HOUR MID TERM TEST||40|
|Examination||2 HOUR EXAM (CLOSED BOOK)||60|
The assessment strategy is designed to provide students with the opportunity to demonstrate both the theoretical concepts and their practical application.
The module has number of learning outcomes that directly related to the topics delivered in various weeks. The two assessments (i.e. mid-term test and final exams) are designed to capture learning in all the topics.
Thus, the summative assessment for this module consists of:
A one-hour mid-term test (40%) comprising multiple choice questions.
A two-hour closed-book final exam (60%).
Formative assessment and feedback
Formative feedback will be given in a continuous manner during the course of the module. the weekly tutorial sessions and office hours are used to provide individual formative feedback to students. Students also have the opportunity to sit a mock class test and mock exam to gain a greater insight into progress and areas requiring further study.
Formative and summative feedback on the mid-term test will be given in the teaching week following the test. This will enable students to assess their learning at that stage and to further prepare for the final exam.
- This module aims to give the student an understanding of the principles governing financial management of a business. It will equip the student as a manager with the techniques for evaluating the financial needs of a business, analyzing the financial performance of a firm, valuing bonds and equities, utilizing finance in the most attractive investment opportunity. It will also provide an appreciation of the role of the finance function in the commercial life of the business. To pass this module the student will demonstrate a familiarity of business finance (corporate finance). The student should display some understanding of the relevant issues and some familiarity with the relevant theories and techniques.
|1||Reflect on the role and scope of corporate finance in the financial planning process of any firm.||K|
|2||Assess the performance of firms with the use of financial ratios analysis||KCP|
|3||Critically appraise the time value of money concept and its implication in interpreting cash flows occuring in different time horizon in accounting statements.||KC|
|4||Perform valuation of different assets based on the DCF method and appreciate the factors effecting such valuation.||KCP|
|5||Evaluate potential investments opportunities with its cost and risk factors, and select suitable ones in case of multiple alternatives, budgetory constraints, and capital rationing.||KPT|
|6||Analyse and interpret financial data to solve practical problems with the application of relevant techniques.||T|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Overall student workload
Independent Study Hours: 117
Lecture Hours: 22
Tutorial Hours: 11
Methods of Teaching / Learning
The learning and teaching strategy is designed to facilitate active learning and to support students in achieving the learning outcomes. This is achieved through participation of the students in the tutorials that cover worked examples, use of videos in the lectures, participation of the students in the lecture (whenever possible), use of SurreyLearn, weekly office hours, use of additional exercises (accompanied by solutions) for students to solve on their own time.
The learning and teaching methods include:
Weekly one two-hour lecture incorporating class-room participation (whenever possible) and videos with real life examples for better understanding (i.e. 11 x 2 hours)
Weekly one-hour tutorial sessions for solving problems to understand the contents covered in lectures. The tutorials cover worked examples which are an integral part of the module. Tutors will provide the necessary support during these sessions for deeper understanding. (i.e. 11 x 1 hour)
SurreyLearn discussion forums to address any issues related to the content, learning and teaching environment, and delivery of the module and/or specific topics.
SurreyLearn will be used for delivering an optional mock MCQ mid-term test and a mock final examination, giving the participants an opportunity to obtain formative feedback.
Utilizing SurreyLearn as the main pool of resources including lecture handouts, tutorial problems, mock exercise, and discussions. Besides using SurreyLearn as the main means of communication to establish resource efficiency and communicational effectiveness.
Weekly office hours provided by the tutor(s) and lecturers.
Support of lecture material by directed reading in selected textbook
Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.
Reading list for BUSINESS FINANCE : http://aspire.surrey.ac.uk/modules/man2089
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2018/9 academic year.