UNIVERSITY OF BIRMINGHAM 
Advanced Corporate Finance 
Final Examination Guide and Notes 2025 
 
Part 01: About This Guide 
Part 02: Sample Final Examination Paper 
Part 03: Detailed Solutions and Explanations 
Part 04: Proven Exam Strategies and Tips 
 
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University of Birmingham - Advanced Corporate Finance

£25.00

ACADEMIC YEAR 2025 - 2026

University	University of Birmingham
Module Code	07 34369
Module Title	Advanced Corporate Finance
Credits	20
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	36

Prepare for your Advanced Corporate Finance exam at the University of Birmingham with this clear, focused set of notes. It includes exam-style questions, practical tips to avoid common pitfalls, and a straightforward guide to how the exam is structured and marked. You’ll see the likely styles and ranges of questions so you can revise with confidence. Inside, you’ll find sample exam papers with solutions, step-by-step explanations, and final-examination hints and tips.

The purpose of this module is to build upon students’ knowledge and understanding of the principles of finance, financial instruments and securities acquired in years 1 and 2. The objective of the module is to explore and evaluate investment theory and application. This is an applied module, with significant focus on problem solving and practical problems. The module concerns designing an investment approach, risk appetite, portfolio construction, investment risk measurement and management, managing an investment portfolio, portfolio performance, and investment taxation.

By the end of the module students should be able to:

Demonstrate knowledge of the investment planning process and designing an investment approach.
Explain and critically appraise the relationship between risk and return, modern portfolio theory and asset pricing.
Calculate and evaluate different styles of investment allocation and their risk managementMeasure and interpret different types of investment risks.
Explain and critically appraise the performance of portfolios and evaluate the use of derivatives.
Identify and explain the principles of efficient capital markets and empirical challenges to market efficiency.
Critically evaluate fund management strategies and the relevance of findings from behavioural finance to investment design.
Analyse the valuation and management of fixed income investments.
Demonstrate knowledge and application of financial derivatives including options, futures and swap contracts

MODULE CODE	MODULE NAME
07 31703	Economics for Business A
07 31704	Introduction to Marketing and Communications
07 32179	Financial Accounting and Accountability
07 32180	Numeracy, Statistical Analysis and Financial Literacy A
07 32094	Economics for Business B
07 33105	Advanced Econometrics: Theory and Applications
07 33106	Advanced Financial Markets and Institutions
07 33172	Corporate Finance
07 33175	Financial Reporting
07 33177	Management Accounting
07 33178	Security Analysis and Valuation
07 33188	Financial Markets and Institutions
07 33191	Mathematical Methods for Statistics and Econometrics
07 33831	Advanced Financial Accounting Practice and Theory
08 28536	Microeconomics
08 29189	Macroeconomics
08 29194	Principles of Economics
08 32427	Numeracy, Statistical Analysis and Financial Literacy B
08 35218	Econometrics

University of Birmingham - Advanced Corporate Finance

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