GLOBAL FINANCIAL MANAGEMENT - 2024/5

Module Overview

Regardless of your role in a company, a good understanding of how corporate financial decisions impact on the value of the company is very essential. The Financial Management module focuses on the impact of financial choices on the value of the company and addresses some special topics in corporate finance. These include leasing, and an introduction to derivatives and their applications in corporate finance and financial risk management.

Module provider

Surrey Business School

Module Leader

KHAN Jashim (SII DUFE)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 6

Module cap (Maximum number of students): N/A

Module Availability

Semester 1

Prerequisites / Co-requisites

N/A

Module content

Content:

• Market Efficiency (Efficient Market Hypothesis) and Behavioural Finance


•  Managing the global finance structure for multinational groups including leasing, green finance, digital currencies and Islamic Finance


•  Strategic financial planning decisions, including global cash management and capital structure decisions


•  Dividend, share re-purchase decisions including dividend irrelevancy theory


•  Financial distress and corporate insolvency procedures


•  Mergers and acquisitions


•  Introduction to financial risk management


•  Introduction to the use of derivatives in financial risk management

Assessment pattern

Alternative Assessment

N/A

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate. Their knowledge of the financial markets and the strategic financing and dividend decisions. Their ability to analyse the financial risks faced by an organisation and evaluate risk management strategies, including the use of derivatives.

Thus, the summative assessment for this module consists of: 

• A midterm test that assesses students' understanding of financial markets and the strategic dividend decision.


•  A final term examination covering all course materials.

Formative assessment and feedback:

Students will receive verbal feedback during lectures through direct questioning, also from class exercises which will challenge their understanding of the building blocks, Class exercises and indicative questions given before the test, will be the basis of the midterm test  students will be encouraged to research these and ask questions.

Module aims

• Introduce the students to the concept of capital markets efficiency.
• Provide a deep understanding of a corporate body's capital structure choices.
• Provide a deep understanding of modelling and other evaluation techniques and issues that inform a company's decisions on financing and pay-out policy.
• Provide a practical understanding of approaches used to manage financial distress and financial risk, including the use of derivatives.

Learning outcomes

Methods of Teaching / Learning

The learning and teaching strategy is designed to:

Give students the opportunity to gain knowledge and understanding of relevant finance theory and current business practices in the areas of strategic financing and dividend decisions 

Equip students with a practical awareness of the use of derivatives and other risk management strategies in a real-world context

The learning and teaching methods include:  Lectures and/or seminars including illustrative practice exercises 

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

https://readinglists.surrey.ac.uk
Upon accessing the reading list, please search for the module using the module code: MAN3219

Other information

Surrey Business School is committed to developing graduates with strengths in Employability, Digital Capabilities, Global and Cultural Capabilities, Sustainability, and Resourcefulness and Resilience.

This module is designed to allow students to develop knowledge, skills, and capabilities particularly in the following areas:

 

Employability - Real life examples will be used to show how companies implement strategic financing decisions in practice. The knowledge learnt can then be more readily transferred and applied in the workplace.

Sustainability - Students will learn about green and other sustainable sources of finance and critically review their importance in achieving global sustainability. They will be equipped to take sustainability into account when making strategic financing decisions in their future careers.

Global capabilities - The module is based on global financial markets, including some regional variations and differences when operating in a country with less developed capital markets.

Resourcefulness and resilience - The module's mixture of analysis, mathematics and real-world data requires students to demonstrate resourcefulness and resilience in answering seminar questions and recommended appropriate strategic financing solutions.

Digital capabilities - Students will become familiar with the use of digital currencies and cryptocurrencies and consider the benefits and risks of a digital finance world.

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 2024/5 academic year.