Faculty of Arts, Business and Law School of Business Teaching Session: Trimester 3 Year: 2017 Course Coordinator: Professor Sajid Anwar Office: K2.10 Telephone: +61 7 5430 1222 Email: sanwar@usc.edu.au Consultation Times: As advised on Blackboard Course outline Code: BUS704 Title: Corporate Finance 1. What is this course about? 1.1 Course description This course covers issues related to decision-making about long-term investment strategy, raising cash for capital expenditures and managing short-term operating cash flows. Topics discussed include: the scope of managerial finance; principles of finance: time value of money, risk and return; cost of capital, capital structure; dividend policy; capital market; long-term financing; futures contracts and options; and international financial management. 1.2 Course content the scope of corporate finance time value of money capital budgeting risk and return capital market and sources of long-term and short-term finance dividend policy capital structure and market efficiency futures contracts and options international financial management 2. Unit value 12 units
Page 2 3. How does this course contribute to my learning? Specific Learning Outcomes Assessment Tasks Qualities On successful completion of this course you should be able to: Explain and analyse the time value of money and capital budgeting in a chosen context. Describe, analyse and critique risk and return trade-off and market efficiency in the context of financial management of a publically listed company. Explain the capital market and sources of finance in the context of financial management of a company. Apply an advanced understanding of the dividend policy and capital structure in the context of financial management of a company. Describe and explain the role of futures contracts and options in the context of financial management of a company. Analyse financial management in an international context. You will be assessed on the learning outcome in task/s: Completing these tasks successfully will contribute to you becoming: 1, 2 and 3 Empowered. 2 and 3 Empowered. 2 and 3 Empowered. 2 and 3 Empowered. 3 Empowered. 1 and 3 Empowered. 4. Am I eligible to enrol in this course? Refer to the Coursework Programs and Awards - Academic Policy for definitions of pre-requisites, corequisites and anti-requisites 4.1 Enrolment restrictions Must be enrolled in a Postgraduate program 4.2 Pre-requisites Nil 4.3 Co-requisites Nil 4.4 Anti-requisites MBA713 or EMB763 or ACC511 4.5 Specific assumed prior knowledge and skills N/A
Page 3 5. How am I going to be assessed? 5.1 Grading scale Standard High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL) 5.2 Assessment tasks Task No. Assessment Tasks Individual or Group Weighting % What is the duration / length? When should I submit? 1 Case study Individual 20% 1500-2000 words Week 6, Monday 2 Multiple choice Individual 30% 90 minutes Week 9, Thursday 3 Final exam Individual 50% 2 hours Monday, exam period 100% Where should I submit it? SafeAssign SafeAssign SafeAssign Assessment Task 1: Case study Goal: To develop a deeper understanding of the role of financial manager, time value of money and project evaluation in the context of financial management of a company. Product: Case study Format: You will be assigned a case study or a question from the text book. You are required to present an analysis of the assigned task in the form of a report (1500-2000 words). Criteria The assignment requires you to engage in some degree of analysis, and will be graded on the following criteria: degree of clarity depth of your answer and coverage of the topics your demonstration of an understanding of issues related to the topics discussed the accuracy of calculations ability to analyse and draw valid conclusions from material examined Generic skill assessed Skill assessment level Problem solving Communication Assessment Task 2: Multiple choice Goal: To demonstrate your deeper understanding of the risk and return, capital budgeting, capital market, financing and dividend policies in the context of financial management of a company. Product: Multiple choice Format: 30 multiple choice Criteria Accurate demonstration of both theory and calculation problems based on the work up to and including week 8. Generic skill assessed Skill assessment level Problem solving Applying technologies Assessment Task 3: Final exam
Page 4 Goal: To demonstrate your knowledge and application of knowledge of corporate finance. Product: Final exam Format: The exam may include multiple choice, short answer and calculation. Criteria The task requires you to engage in some degree of analysis, and will be graded on the following criteria: degree of clarity depth of your answer and coverage of the topics your demonstration of an understanding of issues related to the topics discussed the accuracy of calculations ability to analyse and draw valid conclusions from material examined Generic skill assessed Skill assessment level Problem solving Communication 5.3 Additional Assessment Requirements Plagiarism In order to minimise incidents of plagiarism and collusion, this course may require that some of its assessment tasks, when submitted to Blackboard, are electronically checked through SafeAssign. This software allows for text comparisons to be made between your submitted assessment item and all other work that SafeAssign has access to. Eligibility for Supplementary Assessment Your eligibility for supplementary assessment in a course is dependent of the following conditions applying: a) The final mark is in the percentage range 47% to 49.4% b) The course is graded using the Standard Grading scale c) You have not failed an assessment task in the course due to academic misconduct 5.4 Submission penalties Late submission of assessment tasks will be penalised at the following maximum rate: 5% (of the assessment task s identified value) per day for the first two days from the date identified as the due date for the assessment task. 10% (of the assessment task s identified value) for the third day 20% (of the assessment task s identified value) for the fourth day and subsequent days up to and including seven days from the date identified as the due date for the assessment task. A result of zero is awarded for an assessment task submitted after seven days from the date identified as the due date for the assessment task. Weekdays and weekends are included in the calculation of days late. To request an extension you must contact your course coordinator to negotiate an outcome. 6. How is the course offered? 6.1 Directed study hours On campus Workshop: 3 hours per week This course is also offered online. 6.2 Teaching semester/session(s) offered Semester 2 Trimester 3
Page 5 6.3 Course activities Teaching What key concepts/content will I Week / learn? Module What activities will I engage in to learn the concepts/content? Directed Study Independent Study Activities Activities Week 1 The Scope of Corporate Finance Chapter 1 Assigned practice Week 2 Time Value of Money Chapters 3 Assigned practice Week 3 Time Value of Money Applications Chapter 4 Assigned practice Week 4 Project Evaluation Chapter 5 Assigned practice Week 5 Risk and Return Chapter 7 Assigned practice Week 6 Week 7 Capital Market and Market Efficiency Chapters 8 and 16 Sources of Finance: Equity and Chapters 9 and 10 Debt Mid Break Assigned practice Assigned practice Week 8 Dividend Policy Chapter 11 Assigned practice Week 9 Capital Structure Chapter 12 Assigned practice Week 10 Futures Contracts Chapter 17 Assigned practice Week 11 Options Chapter 18 Assigned practice Week 12 International Finance PowerPoint slides on the Blackboard Assigned practice Please note that the course activities may be subject to variation. 7. What resources do I need to undertake this course? 7.1 Prescribed text(s) Please note that you need to have regular access to the resource(s) listed below: Author Year Title Publisher Peirson, Brown, Easton, Howard and Pinder 2015, 12 th edition Business Finance McGraw Hill, Sydney NSW, Australia 7.2 Required and recommended readings Lists of required and recommended readings may be found for this course on its Blackboard site. These materials/readings will assist you in preparing for tutorials and assignments, and will provide further information regarding particular aspects of your course. 7.3 Specific requirements N/A
Page 6 7.4 Risk management Health and safety risks have been assessed as low. It is your responsibility to research and understand risks of specific courses and to review the USC s health and safety principles by viewing the online induction training for students. 8. How can I obtain help with my studies? In the first instance you should contact your tutor, then the Course Coordinator. Additional assistance is provided to all students through Peer Advisors and Academic Skills Advisors. You can drop in or book an appointment. To book: Tel: +61 7 5430 2890 or Email: studentcentral@usc.edu.au 9. Links to relevant University policies and procedures For more information on Academic Learning & Teaching categories including: Assessment: Courses and Coursework Programs Review of Assessment and Final Grades Supplementary Assessment Administration of Central Examinations Deferred Examinations Student Academic Misconduct Students with a Disability http://www.usc.edu.au/university/governance-and-executive/policies-and-procedures#academic-learningand-teaching 10. General enquiries In person: Sippy Downs - Student Central, Ground Floor, Building C USC SouthBank - Student Central, Ground Floor, Building A4 (SW1), 52 Merivale Street, South Brisbane USC Gympie - Student Central, 71 Cartwright Road, Gympie USC Fraser Coast - Student Central, Building A Tel: +61 7 5430 2890 Email: studentcentral@usc.edu.au