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Financial strategy: valuation, governance and ethics

The finance manager in modern organisations, in addition to financing decisions, is also required to undertake investment decisions. This module provides theoretical and analytical knowledge required in making financial policy decisions on what projects and other business activities a firm should invest finance in. Issues of corporate governance, ethics and disclosure of information are explored, and the emerging field of Islamic finance is introduced by tracing its origins, scope and implications for financial decisions in a global economy.

Vocational relevance

This module together with the earlier compulsory module Introduction to corporate finance will be of particular interest to you if you are working, or planning to work, in the finance sector of an organisation or in the finance division of a company or public sector/not-for-profit organisation. It will also benefit individuals who work, or intend to work, outside of the finance domain but who wish to expand their knowledge and skills in order to increase future opportunities.

Qualifications

B859 is a compulsory module in our:

B859 is an optional module in our:

Postgraduate Loans 

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

Module

Module code
B859
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.
30
Study level

Across the UK, there are two parallel frameworks for higher education qualifications, the Framework for Higher Education Qualifications in England, Northern Ireland and Wales (FHEQ) and the Scottish Credit and Qualifications Framework (SCQF). These define a hierarchy of levels and describe the achievement expected at each level. The information provided shows how OU postgraduate modules correspond to these frameworks.

OU Postgraduate
SCQF 11
FHEQ 7
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

This module aims to equip you with the necessary theoretical, applied and critical skills needed to take financial management responsibilities within an organisation. The first part of this module will provide you with theoretical and analytical knowledge required to decide about investing in projects, acquiring other business and about other investment decisions.The second part of the module will acquaint you with the issues of corporate governance, ethics and disclosure of information which are the heart of responsible financial management in our era. The third part of the module explores the emerging field of Islamic finance tracing its origins, scope and implications for financial decisions in a global economy.

The following are the main topics covered in this module:

  • Project evaluation techniques including Net Present Value, Profitability Index, Internal Rate of Return, and Payback Method
  • Company valuation 
  • Mergers and acquisition 
  • Corporate governance and disclosure in national and international contexts
  • Models of corporate governance and stakeholder perspectives 
  • Islamic finance

It will enable you to:

  • gain knowledge and understanding of the fundamentals of financial analysis and corporate finance theory
  • critically assess alternative methods for valuing companies, prepare and evaluate financial projections of projects and carry out sensitivity analysis 
  • analyse and interpret financial statements and carry out valuation of companies 
  • understand the implications of corporate governance, agency theory and the related role of stakeholders.
  • understand quantitative finance and its practical applications to project appraisal, company valuation, methods and risk management
  • understand the core features of Islamic finance

Teaching and assessment

Support from your tutor

Your tutor will help you with the study material, mark and comment on your assignments and provide advice and guidance. You will contact your tutor by email, telephone or via your tutor group forum on the module website.

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

Assessment

The assessment details for this module 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

Financial strategy: valuation, governance and ethics starts once a year – in May. This page describes the module that will start in May 2019. This module is expected to start for the last time in May 2022.

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 is the second module in our Open University Business School MSc in Finance and therefore you must hold a BA/BSc degree awarded by a recognised university, or equivalent. Due to the defined study pattern for this qualification you must study Introduction to corporate finance (B858) before taking this module. 

    Various higher education and professional qualifications are considered equivalent to a degree. If you hold a qualification that you believe is an equivalent level to a UK degree you should contact us. The Open University Business School Masters Programme Committee is responsible for judging whether applicants’ qualifications meet the requirements for admission.

    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 think either of these possibilities may apply to you, please speak to an adviser.

    It is strongly recommended that you are comfortable with the use of numerical methods and use of spreadsheets. If you are unsure about these skills we suggest you familiarise yourself with illustrative numerical skills and methods prior to study. To help you decide whether you are ready, you may want to try this diagnostic quiz.

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

    Register

    Start End England fee Register
    04 May 2019 Oct 2019 £1530.00

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

    Register
    This module is expected to start for the last time in May 2022.

    Future availability

    Financial strategy: valuation, governance and ethics starts once a year – in May. This page describes the module that will start in May 2019. This module is expected to start for the last time in May 2022.

    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.

    Ways to pay

    We know there’s a lot to think about when choosing to study, not least how much it’s going to cost and how you can pay.

    That’s why we keep our fees as low as possible and offer a range of flexible payment and funding options. To find out more see Fees and funding.

    Study materials

    What's included

    An extensive variety of specially written resources presented in different media (print and online) and designed exclusively for this module. Audio-visual material, published articles, case studies and access to The Open University library.

    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

    This module is delivered online and time spent using a computer and the internet will therefore be extensive. Written transcripts of any audio components are available, as are printable versions of the online text-based material. Some online material may not be available or fully accessible using a screen reader (and mathematical and scientific materials may be particularly difficult to read in this way). 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.