AMITY GLOBAL BUSINESS SCHOOL

FRM-007 Page 1 of 2 Version 1.0

Module Syllabus

Course BSc (Hons) in Accounting and Finance

Module Title Strategic Financial Management

Module Syllabus no. (if any) MOD003577

Year offered 2015 / 2016

Start date Feb 2015 / Sep 2015

End date Feb 2018 / Sep 2018

Syllabus / Content / Learning Outcomes

The main aim of this module is to provide a rigorous grounding in the theory and practice of financial management at an intermediate and advanced level, and a thorough synthesis of the most important current research in financial management. Strategic Financial Management is concerned mainly with the assessment of the investment and financing decisions of firms. Within this module students will gain knowledge of the theoretical foundations underlying much of financial management practice and learn how those theories should be applied in practice. This module will explore the investment and financing functions of an organisation in great detail by covering such issues as sources of finance, cost of capital, risk and return, advanced investment appraisal, mergers and acquisitions and treasury management. Students will also be encouraged to critically engage with the subject area by reflecting upon the academic theories that underpin financial management practice. Theories of capital structure, market behaviour, mergers and acquisitions, dividend policy and share pricing will be incorporated into the syllabus to ensure a well rounded coverage of each topic. This module will be assessed through an assignment and an examination, enabling students a number of opportunities to demonstrate familiarity with and comprehension of the subject matter covered in class.

No of teaching hours 24 Hours

Teaching Methods Lectures, tutorials, case-studies analysis, research journals and group discussion.

Assessment Methods and Weightages

Refer Module Guide as advised by the University

Skills for maximising learning outcomes

Reading and research

Dates of examinations, major assessments and assignments

Refer to ARU website – (www.https://e-vision.anglia.ac.uk)

Recommended text Arnold, G. (4th edition) Corporate Financial Management, Financial

Times

Pike, R., Neale, B., and Linsley., (7th Edition). Corporate Finance and

Investment

Supporting Texts:

Lumby, S. and Jones, C (7th edition) Corporate Finance: Theory and

Practice, Thomson

Brealey, R et al (latest edition) Principles of Corporate Finance,

McGraw-Hill

McLaney, E. (7th edition) Business Finance, Theory and Practice, FT

Prentice Hall

Additional reference texts (if any)

Additional Remarks (if any)

AMITY GLOBAL BUSINESS SCHOOL

FRM-007 Page 2 of 2 Version 1.0

Lesson No. Learning Outcome

1 Financial Objectives and Strategies The Financial Environment

2 Financing Decision: Short term Funds Working Capital and Cash Long-term Financing Decision including securities and derivatives

3 Investment Decision: ARR, Payback, NPV and IRR Advanced Investment Appraisal: Tax, Risk, APV and International Issues

4 Risk and Return: Portfolio Theory Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory (Fama-French two, three and four-factor models)

5 Cost of Capital: Weighted Cost of Capital (WACC)

6 Capital Structure and Dividend Policy (Modigliani and Miller Propositions 1, 2, 3 and 4)

7 Efficient Market Hypothesis (EMH) and Behavioural Finance Mergers and Acquisitions

8 Risk management including foreign exchange and derivatives markets