CORPFIN 7101NA - Managerial Finance

Ngee Ann Academy - Quadmester 2 - 2023

This course introduces you to the world of modern finance, with a focus on understanding how important financial decisions are determined within the firm. It covers the concepts of time value of money, asset valuation, the risk and return paradigm, capital budgeting and payout decisions. Upon completion, students will be able to value bonds and stocks, estimate asset returns according to their risk characteristics, and choose projects that maximize shareholder's wealth using a wide range of analytical tools. They will also develop a good understanding on how firms finance their capital expenditure on their investment and how payout levels are determined.

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Course Details

Course Code	CORPFIN 7101NA
Course	Managerial Finance
Coordinating Unit	Management
Term	Quadmester 2
Level	Postgraduate Coursework
Location/s	Ngee Ann Academy
Units	3
Available for Study Abroad and Exchange	Y
Restrictions	Available to Graduate Certificate, Graduate Diploma and Master of Business Administration students only - other students must first meet with program director for enrolment approval

Course Staff

Course Coordinator: Dr Ivan Obaydin

Course Timetable

The full timetable of all activities for this course can be accessed from .

Course Learning Outcomes

On successful completion of this course, students will be able to:

1. Understand and apply the concepts of discounting and compounding in the financial environment.
2. Understand and apply the role of risk and return in pricing investments
3. Understand how various capital budgeting techniques can be used to evaluate investment projects.
4. Understand and determine the required return of different sources of finance used in capital budgeting decisions.
5. Comprehend the impact that leverage and capital structure has on firm value.
6. The ability to select and measure an appropriate capital budgeting model to evaluate an investment project.

最新糖心Vlog Graduate Attribute	Course Learning Outcome(s)
Attribute 1: Deep discipline knowledge and intellectual breadth Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.	Objectives 1-6
Attribute 2: Creative and critical thinking, and problem solving Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.	Objectives 1-6
Attribute 3: Teamwork and communication skills Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.	Objectives 1-6
Attribute 4: Professionalism and leadership readiness Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.	Objectives 1-6
Attribute 5: Intercultural and ethical competency Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.	Objectives 1-6
Attribute 6: 最新糖心Vlogn Aboriginal and Torres Strait Islander cultural competency Graduates have an understanding of, and respect for, 最新糖心Vlogn Aboriginal and Torres Strait Islander values, culture and knowledge.	Objectives 1-6

Learning & Teaching Modes

In this course a mix of learning methods, including topic presentations, interactive discussion, the solving of assigned questions and problems on a weekly basis, and sharing of business experiences and observation is used.

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

Classes will be delivered in intensive mode. Students should allocate up to eight hours per week of study time to do appropriate readings, solving set questions, problems, and assignments in addition to attendance at scheduled class sessions.

Learning Activities Summary

Topic	Topic Details	Textbook chapter
1	Introduction Issues in Corporate Finance: Scope and activities of corporate finance, role of the corporate finance manager, key goal of financial management, the agency problem, and relationships with financial markets	1
2	Valuation Principles Introduction to time value of money, present values; single and multiple cash flows	5
3	Discounted Cash Flow Vaulations Pricing annuities, perpetuities, effectvie annual rates	6
4	Principles of Risk and Return Defining risk and return, Diversification benefits, principles of portfolio theory	7
5	Market Efficiency and Bond Vaulation Types of market efficiency, bond pricing, term structure of interest rates	8
6	Share Valuation Standard models for princing stocks	9
7	Basics of Capital Budgeting Learn methods to evaluate projects using NPV, IRR and payback methods	10
8	Determining Free Cash Flows Work out what should and should not be considered as part of a project's free cash flows and comparing projects with different lifespans	11
9	Cost of Capital Understand the principles behind the Weighted Average Cost of Capital (WACC)	13
10	Capital Structure Cover the theories explaining capital structure and consider what factors determine an optimal capital structure for a company.	16

The 最新糖心Vlog's policy on Assessment for Coursework Programs is based on the following four principles:

Assessment must encourage and reinforce learning.
Assessment must enable robust and fair judgements about student performance.
Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
Assessment must maintain academic standards.

Assessment Summary

Assessment Task	Task Type	Method	Weighting	Learning Outcome
Homework Questions	Individual	Online numerical and theoretical questions	35%	1,2,3,4,5
Group Assignment	Group	Professional Report style written assignment	30%	6
Final Test	Individual	2hr timed online test, consisting of short and long answer questions	35%	1,2,3,4,5,6

Assessment Detail

(1) Homework Activities
There are up to ten pieces of homework that relate to each of the ten Topics covered in the course. These are to be completed online via MyUni. The homework activities will comprise of multiple choice and numerical questions. Each homework is related to specific CLOs. The homework activities are equally weighted and count towards 35% of your final grade.

(2) Group Assignment
A group assignment (groups of 2-3 students) that is presented to students two-thirds of the way through the course and is to be completed one week after the last topic is covered. The group assignment is related to CLO #6 and is worth 30% of your final grade.

(3) Final Test

A final test that comprises of multiple choice, numerical and short answer questions is set at the end of the course. It is a timed assessment, relates to all CLOs and is worth 35% of your final grade. A sample test will be made available to practice on. Please note that students need to attain a passing grade (50%) in the Final Test to pass the course

Both the Homework Activities (1) and Final Test (3) are to be conducted online and are individual assessments. Access to a computer and Microsoft Excel is required.

Submission

The assessed homework is conducted online as each Topic is completed.

The Final Test is also conducted at the end of the teaching period. However, a specified time will be advertised to take the quiz with strict time limits set to complete the quiz.

The group assignment is to be submitted through the MyUni course portal and students will have three weeks to complete the task from the date that the assignment is released to the students. Assignments will be returned a week after submission.

Course Grading

Grades for your performance in this course will be awarded in accordance with the following scheme:

M10 (Coursework Mark Scheme)
Grade	Mark	Description
FNS		Fail No Submission
F	1-49	Fail
P	50-64	Pass
C	65-74	Credit
D	75-84	Distinction
HD	85-100	High Distinction
CN		Continuing
NFE		No Formal Examination
RP		Result Pending

Further details of the grades/results can be obtained from Examinations.

Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

Final results for this course will be made available through .

Student Feedback

The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
Student Support
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
Fraud Awareness

Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.

The 最新糖心Vlog of Adelaide is committed to regular reviews of the courses and programs it offers to students. The 最新糖心Vlog of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator

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