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Corporate finance

Middle and senior managers meet a multiplicity of financial problems in their organisations. This module will help you develop your knowledge of this area. It introduces finance problems that organisations face at board level, and equips you with the fundamentals of corporate financial theory enabling you to understand and to challenge finance experts. You will learn how to tackle the main financial problems you are likely to encounter, in particular, how best to finance a company, what dividend policy to choose, how to appraise both public and private sector projects, and how to value a company for takeover or flotation.

Vocational relevance

This module will help you develop the knowledge needed to tackle the main financial issues that you are likely to encounter in your organisation.

Qualifications

BB831 is a compulsory module in our:

Postgraduate Loans 

If you study this module as part of an eligible qualification, you may also be eligible for a Postgraduate Loan available from Student Finance England. For more information, see Fees and funding.

Excluded combinations

Sometimes you will not be able to count a module towards a qualification if you have already taken another module with similar content. To check any excluded combinations relating to this module, visit our excluded combination finder or check with an adviser.

Module

Module code
BB831
Credits

Credits

  • Credits measure the student workload required for the successful completion of a module or qualification.
  • One credit represents about 10 hours of study over the duration of the course.
  • You are awarded credits after you have successfully completed a module.
  • For example, if you study a 60-credit module and successfully pass it, you will be awarded 60 credits.
15
Study level
Postgraduate
Study method
Distance learning
Find out more in Why the OU?
Module cost
See Module registration
Entry requirements

Find out more about entry requirements.

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What you will study

The module starts with an introduction to corporate finance and culminates by relating finance to the other activities of an organisation. The topics covered are the relationship between finance and accounting, corporate governance, the time value of money, finance tools, project appraisal and company appraisal.

By the end of the module you should:

  • appreciate the financial strategy issues that affect organisations
  • understand the relevance of finance and accounting both within the organisation and to stakeholders
  • be aware of the financing choices available to organisations, and how financial structure should be determined
  • be able to make investment decisions, both for projects and for companies.

Most finance courses in business schools treat accounting and finance as separate topics, failing to exploit the relationships that the two have in practice. For example, managers might be judged on their ability to achieve the financial objective of maximising shareholder value through internal accounting performance measures. This module explains how accounting and finance interact, as well as giving you the key techniques applicable to financial analysis.

Another difference between this module and more conventional courses is that it considers both public and private sector finance issues. The boundary between public sector and private sector is, in any case, increasingly blurred as public sector organisations are forced to compete in the private sector or are privatised, while private sector organisations are made to be accountable to society as a whole, not just to shareholders.

Many managers are apprehensive at the thought of taking a finance course because they expect it to be dull and difficult. This module is neither. It includes case studies and examples that show how relevant finance is to all aspects of management. It also uses multimedia to get the concepts of financial theory across. From video, podcasts, spreadsheets, and related readings you will have substantial support in learning the key concepts of finance. Online discussion forums and a module website are also included. By the end of the module you should have no difficulty with financial jargon and you will be more than able to hold your own in the world of finance.

Teaching and assessment

Support from your tutor

You will have a tutor who will help you with the study material and mark and comment on your assignments and whom you can ask for advice and guidance. You can contact your tutor by telephone, email or via your tutor group forum on the BB831 website.

Contact us if you want to know more about study with The Open University before you register.

Assessment

The assessment details can be found in the facts box above.

You must use the online eTMA system to submit your tutor-marked assignments (TMAs).

Course work includes

2 Tutor-marked assignments (TMAs)
Examination
No residential school

Course satisfaction survey

See the satisfaction survey results for this course.

Future availability

Corporate finance starts twice a year – in May and November. This page describes the module that will start in November 2018 and May 2019. We expect it to start for the last time in May 2020.

Regulations

As a student of The Open University, you should be aware of the content of the academic regulations which are available on our Essential Documents website.

    Entry requirements

    This module is a compulsory module in Stage 2 of the MBA (F61) and is studied after The dynamics of strategy (BB835).  Please see MBA (Master of Business Administration) (F61) for full details of the entry requirements for this qualification.

    You will also need an appropriate facility in English language, sufficient to be able to work effectively at postgraduate level; generally this means capability equivalent to an International English Language Test System (IELTS) score of 6.5. To assess your English language skills in relation to your proposed studies you can visit the IELTS website. If you are unsure whether your skill level in English is adequate you may find it helpful to look at our Skills for OU Study site 

    If you have any doubt about the suitability of the module, please speak to an adviser.

    Register

    Start End England fee Register
    03 Nov 2018 Apr 2019 £1450.00

    Registration closes 18/10/18 (places subject to availability)

    Register
    04 May 2019 Oct 2019 £1450.00

    Registration closes 18/04/19 (places subject to availability)

    Register
    This module is expected to start for the last time in May 2020.

    Future availability

    Corporate finance starts twice a year – in May and November. This page describes the module that will start in November 2018 and May 2019. We expect it to start for the last time in May 2020.

    Additional costs

    Study costs

    There may be extra costs on top of the tuition fee, such as a laptop, travel to tutorials, set books and internet access.

    Study materials

    What's included

    Study text and online materials, including BB831 website, study guide and online discussion forums. 

    You will need

    There are activities that require Microsoft Excel.

    Computing requirements

    A computing device with a browser and broadband internet access is required for this module.  Any modern browser will be suitable for most computer activities. Functionality may be limited on mobile devices.

    Any additional software will be provided, or is generally freely available. However, some activities may have more specific requirements. For this reason, you will need to be able to install and run additional software on a device that meets the requirements below.

    A desktop or laptop computer with either:

    • Windows 7 or higher
    • macOS 10.7 or higher

    The screen of the device must have a resolution of at least 1024 pixels horizontally and 768 pixels vertically.

    To participate in our online-discussion area you will need both a microphone and speakers/headphones. 

    Our Skills for OU study website has further information including computing skills for study, computer security, acquiring a computer and Microsoft software offers for students. 

    If you have a disability

    Written transcripts of any audio components and Adobe Portable Document Format (PDF) versions of printed material are available. Some Adobe PDF components may not be available or fully accessible using a screen reader. Alternative formats of the study materials may be available in the future.

    If you have particular study requirements please tell us as soon as possible, as some of our support services may take several weeks to arrange. Find out more about our services for disabled students.