LSBF Ma Finance Investment Syllabus
LSBF Ma Finance Investment Syllabus
Master in Finance
and Investments
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Syllabus
Table of
contents
General structure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Master in Finance and Investments (general pathway) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Master in Finance and Investments (Accounting and Financial Management) . . . . . . . . . . 6
Master in Finance and Investments (Investment Banking and Capital Markets). . . . . . . . . . 7
Master in Finance and Investments (Financial Risk Management) . . . . . . . . . . . . . . . . . . . . . 8
Master in Finance and Investments (Mergers, Acquisitions and Private Equity). . . . . . . . . . 9
Core modules. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Business and Financial Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Quantitative Finance and Financial Markets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Corporate Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Elective modules. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Corporate Governance and Ethics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Advanced Corporate Reporting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Performance Management and Control. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Equity and Fixed Income Investments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Derivatives and Alternative Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
M&A and Private Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Financial Risk Management. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Advanced Corporate Finance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Integrative Research and Consultancy Project. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
General structure
MASTER IN FINANCE AND INVESTMENTS • 4 / 25
Part one:
The online Master in Finance and Investments programme consists of two parts: core
and elective/specialist modules, as well as the Integrative Research and Consultancy
Project. You will begin your studies with either one or two core modules simultaneously.
After completing three core modules, you will study three elective or specialist modules
depending on the programme you are enrolled in (for details please refer to the specific
programme).
Part two:
After completing the core and elective/specialist modules, you will move on to the
Integrative Research and Consultancy Project, which can be completed in 20 weeks,
and includes a number of formative assessments. A senior member of the academic
staff will act as your supervisor and guide you throughout the project.
Upon successful completion of this programme you will graduate with a Master in
Finance and Investments (Master di Primo Livello) degree awarded by the International
Telematic University UNINETTUNO, Rome.
Part I
Certificate Core modules – Business and financial analysis
– Quantitative finance and
financial markets
– Corporate finance
Part II
Master in Finance Integrative Research and Consultancy
and Investments Project
degree
Note: Students will need to complete part one of the programme before they can move to part two.
MASTER IN FINANCE AND INVESTMENTS • 5 / 25
Studying with London School of Business and Finance helps you develop analytical and
strategic problem solving skills in key areas. These include business and financial analysis,
quantitative methods and financial markets, corporate finance, corporate governance
and ethics, advanced corporate reporting, as well as performance management.
– Boost your interpersonal and professional business skills for dealing with
international financial statements
– Develop expertise in maximising corporate value while lowering financial risks
– Critically evaluate quantitative methods and financial decisions
– Understand the role and functions of equity and fixed income securities in
portfolio investment
– Create value by conducting security analysis models
– Gain knowledge of derivatives and alternative investments, both as risk
management tools and assets classes
– Design and develop financial models
– Interpret, evaluate and manage different types of risk
– Manage the assets (e.g. loans) and liabilities (e.g. deposits) of banks
This programme will enable you to gain valuable competencies, such as:
Topics covered:
– Business Analysis I: Internal Analysis: Value Chain, Audit, and Competitive Advantage
– Business Analysis II: External Analysis: PESTLE, SWOT, and Five Forces
– Business Analysis III: Competitive Strategy, Generic Strategies and SPACE Model,
Stakeholder Analysis and Choices
– The Basic Financial Statements I: The Balance Sheet
– The Basic Financial Statements II: The Income Statement
– The Basic Financial Statements III: The Statement of Cash Flows
– The Basic Financial Statements IV: A Closer Look at Profits
– The Applications and Limitations of EBITDA
– The Reliability of Disclosure and Audits
– Forecasts and Security Analysis: Forecasting Financial Statements
– Financial Statement Analysis for Credit
– Financial Statement Analysis for Equity
MASTER IN FINANCE AND INVESTMENTS • 12 / 25
Topics covered:
– An Overview of the Five Main Financial Markets (Equity, Fixed Income, Derivatives,
Money Markets, and Alternative Investments)
– The Time Value of Money and its Application in the Financial Markets
– Discounted Cash Flow Applications and their Application in the Financial Markets
– Statistical Concepts and Market Returns, and their Application in the Financial Markets
– Probability Concepts and their Application in the Financial Markets
– Common Probability Distributions and their Applications in the Financial Markets
– Sampling and Estimation and its Application in the Financial Markets
– Hypothesis Testing and its Application in the Financial Markets
– Correlation and Regression and its Application in the Financial Markets
– Multiple Regression and Issues in Regression Analysis, and their Application and
Management in the Context of the Financial Markets
– Time-Series Analysis and its Application to the Financial Markets
– Portfolio Concepts and their Application to the Financial Markets
MASTER IN FINANCE AND INVESTMENTS • 13 / 25
Corporate Finance
You will be able to:
– Summarise key principles and tools for financial decision-making
– Compare various investment decision rules and understand the process of
capital budgeting
– Analyse the concept of corporate capital structure and compute the cost of capital
– Determine and critically evaluate the economic benefits of various types of financing
– Explain the concept of risk management and analyse the role of derivative
instruments in mitigating risks
Topics covered:
– Corporate Governance and its Impact on Firm Value
– Capital Structure: The MM and other Relevant Theories
– Measures of Leverage: Internal and External
– Dividends and Share Repurchases: Basics
– Dividends and Share Repurchases: Analysis
– Working Capital Management: Different Approaches
– Introduction to Portfolio Theory
– Sources and Cost of Capital I
– Sources and Cost of Capital II
– Capital Budgeting I: Traditional Methods and Discounted Cash Flow I
– Capital Budgeting II: Discounted Cash Flow Approaches II
– Capital Budgeting III: Advanced Approaches
Elective modules
MASTER IN FINANCE AND INVESTMENTS • 15 / 25
Topics covered:
– Governance and Responsibility I: The Scope of Governance, Agency Relationships and
Theories, and the Board of Directors
– Governance and Responsibility II: Board Committees, Directors’ Remuneration, and
Different Approaches to Corporate Governance
– Internal Control and Review I: Management Control Systems in Corporate Governance
– Internal Control and Review II: Internal Control, Audit and Compliance in Corporate
Governance, and Internal Control and Reporting
– Internal Control and Review III: Management Information in Audit and Internal Control
– Identifying, Assessing, and Controlling Risk I: Risk and the Risk Management Process,
and Categories of Risk
– Identifying, Assessing, and Controlling Risk II: Identification, Assessment, and
Measurement of Risk
– Identifying, Assessing, and Controlling Risk III: Targeting and Monitoring Risk, and
Methods of Controlling and Reducing Risk
– Identifying, Assessing, and Controlling Risk IV: Risk Avoidance, Retention, and Modelling
– Professional Values and Ethics I: Ethical Theories, and Different Approaches to Ethics
and Social Responsibility
– Professional Values and Ethics II: Professions and the Public Interest, and Professional
Practice and Codes of Ethics
– Professional Values and Ethics III: Conflicts of Interest and the Consequences of
Unethical Behaviour, and Ethical Characteristics of Professionalism
MASTER IN FINANCE AND INVESTMENTS • 16 / 25
Topics covered:
– The Financial Reporting Framework
– Reporting the Financial Performance of Entities
– Financial Statements of Group Entities I: Consolidated Statement of Financial Position
– Financial Statements of Group Entities II: Statement of Comprehensive Income
– Financial Statements of Group Entities III: Statement of Comprehensive Income
– Financial Statements of Group Entities IV: Statement of Cash flows
– Financial Statements of Group Entities V: Statement of Cash flows
– Financial Statements of Group Entities VI: Notes to the Accounts and MDA
– Specialised Entities
– Consideration of Changes in Accounting Regulation, and their Implication of
Financial Reporting
– The Appraisal of Performance and Position of Entities
MASTER IN FINANCE AND INVESTMENTS • 17 / 25
Topics covered:
– Foundations for Implementing Strategy I: Organisational Tensions to be Managed,
and Basics for Successful Strategy
– Foundations for Implementing Strategy II: Organising for Performance and Using
Information for Performance Measurement and Control
– Creating Performance Measurement System I: Building a Profit Plan
– Creating Performance Measurement System II: Evaluating Strategic Profit
Performance
– Creating Performance Measurement System III: Designing Asset Allocation Systems,
and Linking Performance to Markets
– Creating Performance Measurement System IV: Building a Balanced Scorecard
– Creating Performance Measurement System V: Performance Prism
– Creating Performance Measurement System VI: Other New Age Tools
– Achieving Profit Goals and Strategies I: Using Diagnostic and Interactive Control
Systems Public Sector Organisations
– Achieving Profit Goals and Strategies II: Aligning Performance Goals and Incentives
– Achieving Profit Goals and Strategies III: Identifying and Managing Strategic Risk
– Achieving Profit Goals and Strategies IV: Levers of Control for Implementing Strategy
MASTER IN FINANCE AND INVESTMENTS • 18 / 25
Topics covered:
– Asset Valuation I: Equity Valuation Application and Processes
– Asset Valuation II: Equity Markets and Instruments and Return Concepts
– Industry and Global Analysis from a Qualitative Approach I: Equity Concepts and
Techniques
– Industry and Global Analysis from a Qualitative Approach II: The Five Forces that Shape
Industry Competitions and its Application to Equity Investments, and Sustainability of
Returns
– Discounted Dividend Valuation Model I: Present Value Models, and The Dividend
Discount Model
– Discounted Dividend Valuation Model II: The Gordon Growth Model, and the Multi
Stage Dividend Discount Model
– Valuation Models and Contemporary Equity Valuation Techniques I: Free Cash Flow
Models, and Market Based Valuation Models
– Valuation Models and Contemporary Equity Valuation Techniques II: Residual Income
Valuation Models, and Private Company Valuation
– General Principles of Credit Analysis and the Term Structure and Interest Rates Volatility
I: Credit Rating Agencies: What They Do, and the Traditional Means of Credit Analysis
– General Principles of Credit Analysis and The Term Structure and Interest Rates Volatility
II: Historical and Contemporary Review of the Yield Curve, and Theories of the Term
Structure of Interest Rates and Their Practical Applications
– Bonds as Fixed Income Securities and Valuation of Bonds I: Valuation of Bonds Without
Embedded Options
– Bonds as Fixed Income Securities and Valuation of Bonds II: Valuation of Bonds with
Embedded Options
MASTER IN FINANCE AND INVESTMENTS • 19 / 25
Topics covered:
– Forwards and Futures Financial Instruments and Markets I: Types, Pricing and
Valuation of Forwards
– Forwards and Futures Financial Instruments and Markets II: Types, Pricing, and
Valuation of Futures Instruments in the Futures Markets
– Options Financial Instruments and Markets I: Types of Options
– Options Financial Instruments and Markets II: Pricing and Valuation of Swaps
– Swaps Financial Instruments and Markets I: Types of Swaps
– Swaps Financial Instruments and Markets II: Pricing and Valuing Swaps
– Derivatives Instruments Designed on Interest Rates and Enhancing Return I: Interest
Rate Futures, Interest Rate Options, Interest Rate Swaps, Caps, and Floors
– Derivatives Instruments Designed on Interest Rates and Enhancing Return II: Credit
Derivative Strategies
– Alternative Investments I: Open and Close Ended Funds, Exchange Traded Funds
(ETFS)
– Alternative Investments II: Hedge Funds
– Alternative Investments III: Real Estate Investments
– Alternative Investments IV: Commodities and Metals Investments
MASTER IN FINANCE AND INVESTMENTS • 20 / 25
Topics covered:
– M&A And Private Equity Valuation Methods I: Comparable Companies Analysis and
Precedent Transaction Analysis 1
– M&A And Private Equity Valuation Methods II: Comparable Companies Analysis and
Precedent Transaction Analysis 2
– M&A And Private Equity Valuation Methods III: Discounted Cash Flow Analysis 1
– M&A And Private Equity Valuation Methods IV: Discounted Cash Flow Analysis 2
– Leveraged Buy Outs I: Leveraged Buy Out Process
– Leveraged Buy Outs II: LBO Analysis 1
– Leveraged Buy Outs II: LBO Analysis 2
– Mergers and Acquisitions I: Basics
– Mergers and Acquisitions II: the M&A and Private Equity Sales Process
– Contemporary Private Equity: Private Equity today and tomorrow
– Private Equity Investing
– Private Equity Exiting
MASTER IN FINANCE AND INVESTMENTS • 21 / 25
Topics covered:
– Interest Rate Risk Exposure I: Interest Risk Measurement
– Interest Rate Risk Exposure II: Funds, Hedge Funds, Financial Institutions, and How They
Manage Individual Interest Rate Risk and Portfolio Approach
– Market Risk I: Typologies of Market Risk
– Market Risk II: Market Risk Measurement and Management
– Credit Risk I: Retail Banking and Credit Risk Management
– Credit Risk II: Corporate and Wholesale Market Approach to Credit Risk Management
– Operation Risk Management I: Basel Approach to Operational Risk Management
– Operational Risk Management II: Different Assessment Methodologies
– Liquidity Risk and Asset-Liability Management I: Traditional Measurement Approach
– Liquidity Risk and Asset-Liability Management II: New Basel Requirements
– Basel: Basel I: A Closer Examination
– Basel: Basel II: The Different Approach
MASTER IN FINANCE AND INVESTMENTS • 22 / 25
Topics covered:
– Topics in Capital Budgeting II: Types of Real Options
– Topics in Advanced Capital Budgeting I: Valuation of Real Options
– Special Financing Decision I: Raising Equity and Debt Capital in Global Markets
– Special Financing Decision II: The Cost of Capital in Emerging Markets
– Special Investment Decision I: Foreign Direct Investments
– Special Investment Decision II
– Treasury Risk Management I
– Treasury Risk Management II
– Corporate Liquidity Issues
– Corporate Restructuring II
Research and
consultancy project
MASTER IN FINANCE AND INVESTMENTS • 24 / 25
Module aims:
The aims of the module are to develop relevant internal and external business skills that
can be used in students’ chosen discipline of study. The consultancy project will seek
to address critical issues which are company specific or applicable to an identifiable
industry. Practical skills and experience are important to career development and
therefore, the module has been designed to complement these elements.
Master in Finance
and Investment
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