UCL School of Management

Module Fact Sheet

MSIN0146: Financial Management

Taught by
Level
Advanced
Prerequisites
None
Eligibility
3rd year IEP students with Finance and Accounting Minor, and 3rd, 4th year undergraduates from all departments
Terms
Term 1
Delivery method
3-hour session comprising part-lecture and part individual and group activities (x 10 weeks)
Assessment
50% unseen 2-hour examination; 40% group project; 10% online test

Course overview

The module covers key elements of Financial Management and associated quantitative and qualitative aspects. These are essential ingredients of the skills and knowledge portfolio for aspiring senior managers. It provides students with a conceptual and theoretical basis for managing finance in the context of making financial decisions. It explores and evaluates measurement and valuation matters relating to short and longer term financial operational decision making, issues in financing and investments decision, and policies for dividend and returns of value to owners. Key aspects explored include financing decisions, cost of capital issues the theory and application of risk-related capital investment decisions, financing decisions, cost of capital issues, the nature of shareholder value, and company valuation. Accordingly, it identifies and evaluates the key financial challenges facing directors and managers concerning the selection of projects to invest in, the financing of such investments, and issues relating to the management of the relationship with finance providers.

Learning outcomes

Upon successful completion of the module, a student will be able to:

  • Understand key managerial finance issues and their management.
  • Balance the drivers of using profit as a measurement of performance against the drivers of using cash, and assess financial performance
  • Identify and appraise investment opportunities, taking account of cost of capital and risk, including incremental cash flows and investment appraisal
  • Identify and evaluate sources of finance in the context of implications for capital structures and returns to shareholders
  • Identify and critique ways of returning value to shareholders
  • Identify and evaluate methods to value a firm

Topics covered

  • Nature/challenges of financial management
  • Planning for profit, cash and balance sheets
  •  Capital Investment appraisal, including evaluation of risk, and consideration of associated strategic issues and priorities
  • Sources of finance, optimal capital structures, and cost of capital issues, and consideration of associated strategic issues and priorities
  • Shareholder value, including free cash flow, and consideration of associated strategic issues and priorities
  • Business valuation
  • Returning value to shareholders, and consideration of associated strategic issues 

Assessment summary

50% unseen 2-hour examination; 40% group report; 10% online test (1 hour)

Current students should refer to Moodle for specific details of the current year’s assessment.

Essential reading

The core text is Financial Management for Decision Makers, 7/e, by Peter Atrill ©2014 | University of Plymouth Business School | ISBN-10: 129201606X • ISBN-13: 9781292016061 | ©2014 | Pearson | Paper, 656 pp | Published 19 Jun 2014

Past versions of this module

MSIN0146 18/19

MSIN3G23 17/18

MSIN3G23 16/17

Last updated Thursday, 27 June 2019