| CODE | ACC3521 | ||||||||
| TITLE | Managerial Finance | ||||||||
| UM LEVEL | 03 - Years 2, 3, 4 in Modular Undergraduate Course | ||||||||
| MQF LEVEL | 6 | ||||||||
| ECTS CREDITS | 4 | ||||||||
| DEPARTMENT | Accountancy | ||||||||
| DESCRIPTION | The study-unit is intended to help the student understand how to help maximize shareholders’ wealth by: • Understanding the proper role of the Financial Manager; • Choosing the best sources of funds for the business, and the criteria to follow in doing so; • Appraising capital investment projects to ensure the best possible combination of risk / return to the shareholder from several alternatives; • Managing working capital, with particular emphasis on cash and liquidity, debtors and inventory, in order to ensure the proper safeguarding of assets and the survival of the firm. Study-Unit Aims: This study-unit aims to introduce students to the topic of Financial Management, more particularly to the various sources from where a business can procure funds; and how such funds can best be invested in capital projects and working capital, and then managed properly in order to maximise shareholders’ wealth. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - Describe the proper role of the Finance Manager; - Illustrate the risk/return trade-off; - Identify and choose the best sources of funds for the business in specific circumstances; - Describe the various capital investment appraisal techniques and compare the suitability of each technique in specific circumstances; - Identify the main components of working capital and demonstrate an understanding of the management thereof. 2. Skills By the end of the study-unit the student will be able to: - Distinguish between relevant and irrelevant costs in capital budgeting; - Appraise potential capital investment projects using a variety of techniques; - Plan for a business’ cash requirements; - Estimate the working capital cycle of a business, inspect areas for improvement and propose improvement plans. Reading List: - R.Pike & B.Neale, Corporate Finance and Investment (Prentice-Hall). (latest edition) - G. Knott, Financial Management (Macmillan Business Masters). (latest edition) - J.C.Van Horne, Financial Management and Policy (Prentice-Hall). (latest edition) - A.H.Millichamp:Finance for non-Financial Managers (Letts Educational). (latest edition) |
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| STUDY-UNIT TYPE | Lecture | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Miraine Falzon |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2024/5. It may be subject to change in subsequent years. |
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