Online course details

UK/EU fee

£840 (2020/21)

International fee

£840 (2020/21)

Course level

Level 6

Course credits

20 credits

Start date

TBC

Course length

10 weeks

Mode of study

Tutored online learning

Location

Online

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.

Benefits

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.

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Discovering Online Learning Webinar

Wednesday, 15 July 2020 14.00 - 15.00

During this hour-long webinar, we’ll take you through the basic principles of how online learning works and what you can expect as an online learner with the University of Derby Online Learning.

Book your webinarBook your webinar

Fees and funding

2020/21 Fees for new entrants

Starting between September 2020 and August 2021.

UK/EU fee: £840

International fee: £840

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:

*If you have a minimum of IELTS level 4.5, you can study our Certificate of Credit in English for Academic Purposes, which we will accept as evidence that you are able to perform at a suitable level of IELTS 6.0. We will also accept the Certificate of Credit as evidence that you can perform at GCSE level.

Documents to support your application

You'll need to provide:

*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.

How to apply

Students should apply directly to the University.

Apply now

Who will teach you

Tony Stevenson standing up

Dr Tony Stevenson
Programme leader

Academic Lead Accounting Finance and Economics, Dr Tony Stevenson entered the Higher education sector as an international tutor teaching, Finance, and Mergers and Acquisitions from a practitioner’s perspective.

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Contact us

Contact the University of Derby Online Learning:

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