Online course details

UK/EU fee

£875 (2024/25)

International fee

£875 (2024/25)

Course level

Level 6

Course credits

20 credits

Next course date

23 September 2024 or 26 May 2025


10 weeks


Tutored online learning



Online course description

This course will focus on the advanced aspects of the investment decision (capital budgeting) and the way in which the organisations capital structure can be strategically adjusted to ensure the maximisation of shareholder wealth / added value. It will explore how the financing decision and the investment decision interrelate with each other and with the dividend or reallocation of funds decision. The course will explore the interrelationship between these three areas that help formulate the financial strategy of an organisation.

Although the emphasis will be on enabling you to be able to make decisions at a strategic level, the course also recognises the need for you to be able to analyse the implications of those decisions in light of the organisations objectives, it is further recognised that in arriving at such decisions you need to take account of broader strategic issues as well the financial analysis.

The course will introduce relevant theory and models, practical financial tools and techniques, with appropriate references to real life organisations. A strategic approach to critically analysing and evaluating financial information is encouraged, with a view to advancing your knowledge and understanding of capital budgeting, capital structure and dividend policy.

In addition it is vital you can confidently and effectively communicate the rationale behind your decisions. With this in mind the course will utilise every opportunity to expose you to situations where you will be required to lead a seminar, facilitate a workshop, chair a meeting and or present a report.

The course will also equip you with knowledge and competencies that will enable you to critically analyse, evaluate and communicate the financial decisions that will help transform the organisation to address its key priorities.

Learning outcomes

On successful completion of the course, you will be able to:

Course content

The advanced capital budgeting decision will build on the basic methods of appraising a project / investment by building in real life considerations such as tax, limited capital and inflation. Practical applications of advanced investment appraisal through mini case studies will be used in the course. Reference to real life scenarios will be informed by research in this area, relating to what real life companies actually do.

Capital structure will be explored by considering theoretical models and the empirical evidence that has been put forward in this area of finance. Key ratios will be referred to in order to analyse the impact of various sources of finance on the performance and position of the company. The relevance of accounting information available in the organisation and how it can help evaluate implications of a decision will begin to become apparent. The concept of the cost of capital will be explored and its relationship with the investment appraisal process will be discussed.

The dividend policy of the organisation will be explored by considering theoretical models and the empirical evidence that has been put forward in this area of finance The impact this has on shareholder wealth and the capital budgeting and capital structure decision is further explored.

You will begin to appreciate the need to be able to communicate the derivation and implications of strategic decisions. The analysis and evaluation is just one aspect of financial strategy, the delivery and communication of this strategy followed by the ability to reflect on the outcomes is what completes the strategy.

Pace of study

For this short online course, we recommend about 20 hours of study per week to complete one 20-credit module over a 10-week trimester.

Assessment method

This course is assessed through 100% coursework with a range of methods, such as essays, research reports, presentations, group work and practical reports which will be handed in and assessed at the end of the 10 week trimester. There will be 1/2 virtual classrooms over the 10 week trimester and if you are unable to attend you will be able to download the session to view in your own time.


Offset course credits towards another qualification

Once you’ve completed this course you may be able to offset the 20 credits towards our online Accounting and Finance BA (Hons) Top-Up. This would reduce the number of modules you would need to study and the total cost of the course.

Fees and funding

2024/25 for new entrants

Starting between September 2024 and August 2025.

UK/EU fee: £875

International fee: £875

About your fees

Prices are correct for the year of entry shown. These are subject to annual increase in subsequent academic years.

Course requirements

You need to have one of the following qualifications:

English language qualifications

If English is not your first language you will need an English language qualification. For this course you will need at least one of the following:

Find out more about our English language requirements

Documents to support your application

In order for your application to be assessed, you will need to provide the following documents when you apply:

*Documents not in English or Welsh must be accompanied by a certified translation by a professional translator/translation company. Each translation must contain:

A list of approved translators can be found on the UK Government website.

Please note: failure to submit any documentation when requested, may result in your application being withdrawn.

How to apply

Apply directly to the University.

Apply now

For support with completing your application, view our guide to the application process.

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