Transcript Introduction to Corporate Financial Management

Introduction to Corporate Financial
Management
Graeme Elgin
March 2010
CFM 5C3080 2009/10
Course Structure
Delivery Modes
 Lectures
 Tutorials
 WebCT
Modes of Assessment
1. Case Study / Assignment
Staffing
Lectures / Tutorials – Graeme Elgin
E-mail – [email protected]
Room 421
0161- 247- 3766
(40% of total unit mark)
2. Final Examination
Tutorials - Tony Arkwright
E-mail – [email protected]
Room 423
0161-247- 3761
(60% of total unit mark)
CFM 5C3080 2009/10
What is Corporate Finance?
“The activities involved in managing
money in a business environment”
(2008) Megginson, W. , Smart, S. , & Lucey, B.
• Managing money involves making
decisions…..
• 1. The Investment Decision
• 2. The Financing Decision
• 3. The Dividend Decision
CFM 5C3080 2009/10
Cheese & Chocolate?
• On 7th September 2009 Kraft Foods, a US multinational
food and beverage company made a £10.2 billion
takeover bid for Cadbury plc.
• Cadbury plc rejected the bid on the basis “…that the
proposal fundamentally undervalues the Group and its
prospects.”
CFM 5C3080 2009/10
So what’s in it for me?
• Knowledge and understanding of…
Key financial theories and their
development
Global financial markets
• Ability to…
Apply theories to practical issues in
finance
Discuss and critically evaluate financial
theories
CFM 5C3080 2009/10
Specific Study areas
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Time value of money
Sources of finance
Risk & Return
Portfolio Theory
Capital Asset Pricing Model
Dividend Policy
Capital Structure
Cost of Capital
Valuation of financial instruments
Company Valuation
Net Present Value Analysis
Dividend Policy
Options
CFM 5C3080 2009/10
Questions???????
• E-mail –
[email protected]
• Room 421
• 0161- 247- 3766