Corporate Finance

This elective is the study of financial decision-making processes in the corporation. You will explore financing decisions around capital budgeting, valuation, risk management, and what methods to use to maximise value.

Explore questions like:

What assets should I buy?
What projects should I invest in?
Should I launch this product?
Is this advertising plan an effective use of resources?
How do I put a fair value on this division or company that I want to acquire/sell/float on the stock market?
How do I finance this business?
Should I borrow or sell shares?
How does dividend policy affect the value of the company?
Can I increase the value of the business by financial engineering?
What risks do I want to keep and what risks do I want to pass on?
How do I use derivatives and other financial instruments to change my risk exposure?

By the end of this module, you will:

Be familiar with many of the terms in common use amongst financial managers, and be happy using them
Understand how firms interact with the capital markets
Be able to evaluate investment decisions
Understand the trade off between risk and return as perceived by the capital markets
Be able to value a company on a variety of different bases
Have insight into the market for corporate control, particularly through mergers and acquisitions
Understand how financing policy affects the value of the company
Understand how companies manage risk.

There are other elective modules available in this field.