Financial Decision Making M

BMAN10522M Financial Decision Making M 10 Semester 2 Undergraduate Level 1 Arif Khurshed Unit coordinator Patricia Perlman-Dee Unit coordinator Alliance Manchester Business School 1 FHEQ level (Framework for Higher Education Qualifications) ' First part HE study/Bachelors ' European Credit Transfer & Accumulation System Rating : 5.0 1. Introduction to finance 2. The time value of money 3. Capital raising and evaluation of securities 4. The firm’s capital budgeting decision 5. Share price behaviour and informational efficiency 6. Security risk and return 1. Introduction to finance 2. The time value of money 3. Capital raising and evaluation of securities 4. The firm’s capital budgeting decision 5. Share price behaviour and informational efficiency 6. Security risk and return The aim of the course is to introduce students to finance, giving a foundation for subsequent finance courses in the second and third years. The approach is conceptual, emphasizing general principles, which students should be able to apply to specific problems and issues. The course introduces some of the basic techniques of finance: calculating the time value of money; valuing bonds and shares, techniques for appraising capital investments; characterising share price behaviour and the role of risk in security valuation. The main focus of classes is on problem-solving in particular finance contexts, with some consideration of discursive material. By the end of the course students should: • have a basic knowledge and understanding of the theoretical framework of finance; • know some of the basic techniques used in finance; • have a basic understanding of the role of research in finance; • can solve problems in a variety of contexts in finance; • understand - the time value of money - how companies raise capital - how to value bonds and shares - the firm’s capital budgeting decision - the concept of informational efficiency and associated share price behaviour - the relation between security risk and return. Other One of the topics covered in the course deals with the history and institutional setup of the London Stock Exchange. The course will also familiarize the students with reading, analyzing and interpreting financial news through the usage of Financial Times. Students should find this information (complemented with further reading) to be helpful when looking for jobs in the UK financial industry. Lectures: 15 one hour lectures (2 hours each week) Workshops: 6 one hour workshops. Total study hours: 100 hours split between lectures, classes, reading, self-study and preparation for classes, coursework and examinations. 1 Written exam 100% • Informal advice and discussion during a lecture, seminar, workshop or lab. • Responses to student emails and questions from a member of staff including feedback provided to a group via an online discussion forum. • Generic feedback posted on Canvas regarding overall examination performance. Only available to students on Level 1 BSc Mgt/Mgt (Specialism); IM, IMABS, IBFE, BSc Accounting and BSc Business Accounting.   N Hillier, Clacher, Ross, Westerfield, and Jordan (2017), Fundamentals of Corporate Finance, 3rd European Edition, McGraw-Hill.    Assessment written exam 2 Lectures 15 Practical classes & workshops 6 0 77 Length of course: 12 weeksPre-requisites: None Co-requisites: None Dependent course units:• BMAN23000(A) or (B) Foundations of Finance. • BMAN20072 if taken alongside BMAN23000(A) or (B) Foundation of Finance. • BMAN21011 Financial Markets & Institutions. • BMAN20081 Financial Statement Analysis (as long as BMAN10501 Financial Reporting or BMAN10621 (A), (B) or (M) Fundamentals of Financial Reporting is also taken as a pre-requisite).Programme Restrictions: Available to students studying on the following programmes : BSc International Business, Finance and Economics, BSc Management and Management (Specialisms), BSc International Management, BSc Accounting. BMAN10522 is available to study abroad and exchange students admitted through the University of Manchester International Programmes Office.