| CODE | ACC5960 | ||||||||
| TITLE | Advanced Financial Management | ||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||||
| MQF LEVEL | 7 | ||||||||
| ECTS CREDITS | 5 | ||||||||
| DEPARTMENT | Accountancy | ||||||||
| DESCRIPTION | This unit will adopt a strategic approach to individual investment and financing decisions. It starts by exploring the framework for financial decisions, including the role of senior management to meet the competing needs of stakeholders within the business environment. It then re-examines investment and financing decisions, with the emphasis moving towards the strategic consequences of making such decisions particularly in a domestic context. The unit covers the sophisticated role of the treasury function in the financing and risk management of both multinationals as well as SME's, co-ops and NGO's. Study-unit Aims: The study-unit is aimed to develop upon the core financial knowledge and skills covered in ACC3521 by familiarizing students with strategic management issues facing an organization in investment appraisal and treasury management, with particular emphasis in the domestic corporate context. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: a) describe the role and responsibility of the financial manager towards stakeholders, outlining major stakeholder conflicts and ways of dealing with them within a sound corporate governance framework; b) list the main players in financial markets , describe their interaction as well as the role of the markets in providing finance; c) describe the various investment appraisal techniques and valuation methods; d) define the role of the treasury function in multinationals and smaller organizations; e) list the main factors to be considered in dividend decision-taking. 2. Skills By the end of the study-unit the student will be able to: a) apply investment appraisal techniques, both discounted and undiscounted, in different corporate cases under conditions of risk, taxation and inflation; b) perform cost of capital calculations using WACC and CAPM and evaluate them; c) apply and report on appropriate valuation methods to shares, bonds and companies; d) decide on the optimal treasury management policy; e) recommend the appropriate dividend policy. Main Text/s and any supplementary readings: - Brigham E and Ehrhardt Financial Management - Theory and Practice 12th Ed, Thomson South Western, 2008 - Pike R and Neale B. Corporate Finance and Investment Decisions and Strategies. Ft Prentice Hal (latest edition) - Demirag I and Goddard S Financial Management for International Business. McGraw Hill - Glen Arnold Corporate Financial Management FT Prentice Hal, l 2008 - Scholes, Wolfson, Erickson, Maydew and Ahevlin,Taxes and Business Strategy; A Planning Approach (5th Edition). USA: Pearson Publications, 2015 |
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| ADDITIONAL NOTES | Pre-requisite Qualifications: Bachelor of Commerce with Accountancy Stream | ||||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Peter J. Baldacchino |
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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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