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AC 4201 Strategic Financial

Management

Academic Year 2012 - 13

Tutor Room E-Mail

Module leader:

Fergal OConnor GR032 Fo-connor2@uclan.ac.uk

A module of 20 credit at le!el "

#leae note t$at t$i Module %nformation #ac& 'M%#( mut )e read incon*unction +it$ ,our Coure and)oo& and t$e rele!ant ection of t$eAcademic Regulation

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LancashireBusiness

chool

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M./E A%MS

The aim of this module is to develop knowledge of the theories of financial management

and critically evaluate their limitations and applications in national and international

settings.

EAR% .TC.MES

On success!ul co"#le$ion o! $his "odule %ou &ill 'e a'le $o:

Discuss and critically apply contemporary thinking on issues involved in strategic

financial management

Critically evaluate and apply appropriate tools for strategic financial management.

Critically evaluate strategic financial management options.

M./E C.TET

1. What is Finance

2. Present alues and !et Present alues

". Pro#lems with !P

$. %ntroduction to &onds

'. (ow to value a #ond

). %nterest rates*. Financial decision making

+. Prospect theory and asset pricing

,. -uity Premium pu//le

10. Dividends in Financial decision making

11. %ntroduction to derivatives for decision making

TEAC% A/ EAR% STRATEY

The module will #e delivered through lectures and seminars. ectures will use PowerPoint

presentations of theoretical concepts and engaging closely with industry #ased eamples to

drive home the theoretical concepts. 3tudents are epected to engage in independent

research of practical concepts to enhance the understanding of theory delivered in lectures.

3tudents are reuired to complete all set seminar uestions #efore coming to the

lecture4seminar. 5nswers are to #e handwritten unless discussed with the module leader.

3tudents who have not completed the seminar answers will not #e allowed to attend the

seminars.

AC5.AR/ S##.RT

6odule learning material will #e featured on &lack#oard on a weekly #asis.

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M./E EACEMET S%CE AST /E%6ERY

3ince the module was last delivered various changes have #een made to the delivery

material as well as the style and emphasis of delivery. This has led to the introduction of

more formal seminars and the reuirement to complete uestions in advance.

ASSESSMET STRATEY

The module will utilise two eually7weighted pieces of assessed work. Both must be

attempted. 5ssessments must #e su#mitted in hard copy to a #o in 890)+ form and

su#mitted via Turnitin.

M./E #ASS RE7%REMETS

:ou must attempt #oth elements of assessment as each element is weighted at '0; of the

totally module pass rate.

M./E /E%6ERY SCE/E

The module will #e delivered over a twelve week period in one and a half hour weekly

sessions using PowerPoint presentations.

Su)miion of Aignment

(ssign"en$ su'"ission $akes #lace in $he chool O!!ice )Green'ank Building*GR0+, &here $here &ill 'e lockers !or su'"ission &hich &ill 'e la'elled '%Module CodeModule /i$le. /he deadline !or su'"ission &ill 'e 2.00noon on $heda$e o! su'"ission &here hard co#% su'"ission is re1uired. (ll s$uden$s "us$ensure $ha$ $he% co"#le$e an assign"en$ coer shee$ !or each assign"en$ $ha$ issu'"i$$ed.

%/%CAT%6E %%.RA#Y

Module te8t

T$e follo+ing )oo& i eential reading9

Principals of Corporate Finance< 10th-dition. &realey< 6yers and 5llen. 6c8raw (ill.

oo&

Highly recommended:For#es =2010>. &ehavioural Finance. Wiley.

Fa#o//i< F< ? =200*>< &ond 6arkets< 5nalysis and 3trategies< )th-dition< Prentice (all.

&odie< @ane and 6arcus. =2011>. %nvestments and Portfolio 6anagement< ,th-dition.

6c8raw (ill.

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Interesting Popular Finance Books:

Towards 9ational -u#erance A &. 6ark 3mith. F38.

The 6yth of the 9ational 6arket A ?ustin Fo. (arper &usiness.

Fooled #y 9andomness 7 !. !. Tale#. Penguin

The &lack 3wan A !. !. Tale#. Penguin

iars Poker A 6ichael ewis

The &ig 3hort A 6ichael ewis

The 5scent of 6oney A !iall Ferguson

Dimson< -.< P.9. 6arsh< and 6. 3taunton< Triumph of the Optimists: 101 Years of Inestment

!eturns"

Princeton< !?B Princeton niversity Press< 2002.

:ournal

%nternational Finance

?ournal of 5pplied Finance

6anagerial Finance

5 wide range of &usiness and 6anagement ?ournals eist on the niversities i#rary

Data#ase also.

The -conomistE and the Financial TimesE are also useful to scan for up to date articles

and comment on financial issues.

C.RSE /EA/%ES

The niversity reuires students to adhere to su#mission deadlines for any form of

assessment. 5 penalty will #e applied in relation to unauthorised late su#mission of work.

5uthorisation of the late su#mission of work reuires written permission. There is an

etension form that needs to #e completed< availa#le from the 3tudent ffice. This form

needs to #e signed #y the module tutor and the Division eader with responsi#ility for the

module Gif the Division leader is not availa#le then the form can #e signed #y the

appropriate 5ssociate DirectorH. %t is yourresponsi#ility to get the form signed which

will give you permission for one etension period of #etween 1 and ' working days where

evidence of circumstances has #een accepted and where su#mission within this timescale

would #e reasona#le taking into account those circumstances.

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The niversity operates a universal penalty scale for unauthorised late su#mission of any

form of assessed work. 3tudents who su#mit work within ' working days after the

pu#lished su#mission date without an authorised extension will o#tain a maximum

mark of 50%for that element of assessment.

5ll work su#mitted later than 5 working daysafter the pu#lished su#mission date will #eawarded a mark of 0%.

REASSESSMET

The decision to offer reassessment lies with the Course43chool 5ssessment &oard taking

account of the recommendations from 6odule &oards and the studentIs overall profile.

For modules which are assessed at the end of the first semester< the decision to offer

reassessment lies with the 6odule &oard.

5 module may only #e reassessed once following initial failure.

The #est mark which may #e awarded for a module following reassessment is '0;. %f

#oth the original mark and the reassessment are at J'0; then the #etter of the two marks

will #e used in any su#seuent averaging calculation.

Where a reassessed module is failed the Course43chool 5ssessment &oard will use

academic Kudgement to determine whether that module may #e condoned or retaken counts as a second attempt.

ATTE/ACE

3tudent attendance at timeta#led learning activities of Courses and 6odules is reuired.

!otification of illness or eceptional reuests for leave of a#sence must #e made to the

Course eader. nauthorised a#sence is not accepta#le and may attract academic

penalties =3ee 5cademic 9egulations C11.$> and4or other penalties =see 9egulations for

the Conduct of 3tudents>.

Students who do not respond to communications concerning continuousunauthorised absence may be deemed to have withdrawn from the course . The date

of withdrawal will #e recorded as the last day of attendance. %ndividual modules may

incorporate a specific attendance reuirement as part of the assessment criteria for

successful completion of a module.

E;TEAT% C%RCMSTACES A/ #..R #ERF.RMACE

3tudents who are una#le to su#mit work within ' working days after the su#mission date

due to verifia#le etenuating circumstances which are serious and eceptional< may su#mit

a case for consideration in accordance with the niversityIs -tenuating CircumstancesProcedure.

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The niversity operates a universal scheme for the su#mission of etenuating

circumstances. %f you feel that you have etenuating circumstances then you need to

o#tain a special envelope marked L-tenuating CircumstancesL from the 3tudent ffice.

This contains a form which asks for details of the course< the year of study< the name of

the student< the name of the course leader and identifies the modules affected. =Thisincludes modules internal and eternal to the 3chool>.

:ou must attach relevant documentary evidence such as medical certificates. The

completed form and envelope are then returned to the 3tudent ffice.

GNoteB disa#ility or learning difficulty does not constitute an etenuating circumstanceH

CEAT%< #A%AR%SM A/ S% FA%R MEAS T. EACE#ERF.RMACE

The niversity regards any use of unfair means in an attempt to enhance performance or

to influence the standard of award o#tained as a serious academic and disciplinary offence.

nfair means includes all forms of cheating< plagiarism and collusion. 3tudents are

reuired to sign a declaration indicating that individual work su#mitted for assessment is

their own.

5ll instances or allegations of the use of unfair means will #e investigated under the

procedure detailed in 5ppendi 10 of the 5cademic 9egulations.

%t is therefore essential that you acknowledge an authorMs work that you may have used to

support an argument in any of your assignments.

Plagiarism is a particular form of cheating that the niversity is concerned a#out. 5ll

work that is su#mitted for assessment must #e genuinely your own work and not the result

of plagiarism. :ou sign to this effect on each cover sheet su#mitted with your

assignments. %f you are uoting actual words from a pu#lished or unpu#lished tet you

must use uotation marks and cite your source. %n order to avoid accusations of plagiarism

you should use the (arvard 9eferencing 3ystem. This will ensure that there is no

am#iguity.

:ou must also not pass work off as the result of your individual efforts< if you have in fact

colluded with other students to prepare the piece of work Kointly< or you have copied each

otherIs work. Clearly< it is also wrong to copy another studentIs work without them

knowing a#out it.

:ou are advised to read the etract on this su#Kect in the niversity 9egulations. %f you

have any dou#ts on this important matter< you are advised to speak with the module tutor

or Course eader

% TE E6ET .F STAFF ASECE

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%n the event of staff a#sence please refer to &lack#oard where a notice will appear of

alternative work to #e completed #efore the net lecture.

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