CORPFIN 1002 - Business Finance I
North Terrace Campus - Semester 1 - 2016
General Course Information
Course Code CORPFIN 1002 Course Business Finance I Coordinating Unit Business School Term Semester 1 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Course Description This course examines firm investment and distribution decisions in the context of a capital market structure and efficiency. Valuation methods are developed for valuing projects and securities. Basic portfolio theory is discussed to develop simple asset pricing models and used for determining the cost of capital for use in investment evaluation. The implications of different financing options (debt and equity) are considered and elementary capital structure theorems are presented, in relation to which the dividend decisions are analysed. The question of market efficiency is considered and its implications for trading strategies are discussed
Course Coordinator: Miss Arti Jhuremalani
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesThe aim of this course is that on completion students can:
1. Apply core concepts of financial management, including using valuation and financial modelling techniques to make informed financial decisions.
2. Discuss effect of limitations when using these techniques in a practical context.
3. Recognize and discuss the implications of ethical behaviour in the context of financial management and financial planning.
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Deep discipline knowledge
- informed and infused by cutting edge research, scaffolded throughout their program of studies
- acquired from personal interaction with research active educators, from year 1
- accredited or validated against national or international standards (for relevant programs)
1-3 Critical thinking and problem solving
- steeped in research methods and rigor
- based on empirical evidence and the scientific approach to knowledge development
- demonstrated through appropriate and relevant assessment
Required ResourcesText Book:
Ross, S., Trayler, R., Bird, R., Westfield,R., and Jordan,B., Essentials of Corporate Finance, 3rd Edition, McGraw Hill 2014
If you would like to use a graphic calculator in the exam, no text can be stored in its memory. A financial calculator is highly recommended.
Recommended ResourcesThis subject provides students with practical and theortical tools to better understand varied financial aspects. Students will significantly benefit from regularly reading the Australian Financial Review, the financial pages of The Australian and Bloomberg.
Online LearningThis course is supported by on-line learning including:
Access to the resources provided by McGraw Hill in support of the textbook.
Access to course materials.
AV output of lectures shortly after the lecture is held, for revision or catch up purposes.
Other links and references as appropriate.
Learning & Teaching Activities
Learning & Teaching ModesThis course will be delivered via a 2-hour lecture session and a 1-hour problem-solving tutorial sessions. Lectures provide students with a primary understanding and tutorials help enhance enhance skills to put prior learning into practice. It is important that students spend time solving questions provided individually or in small groups prior to attending tutorials.
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.
Students in this course are expected to attend and prepare for all topics prior to the scheduled class.
Learning Activities Summary
Topic Dates Chapter Reference(s) 1 Overview of Financial Management March 1 and March 4 1 2 Time Value of Money March 8 and March 11 4 and 5 3 A Brief History and Valuation of Equities March 15 and March 18 7 and 10 4 A Brief History and Valuation of Fixed Income Securities March 22 6 5 Risk and Return March 29 and April 1 11 TEST on topics 1-3
Note: There will be no lectures nor tutorials during this week
April 5 5:00 on wards 6 Raising Capital April 26 and April 29 6 and 15 7 Net Present Value and Other Investment Criteria May 3 and May 6 8 8 Cost of Capital May 10 and May 13 12 TEST on topics 4, 5 and 7
Note: There will be no lectures nor tutorials during this week
May 17 5:00 on wards 9 Capital Structure May 24 and May 27 13 10 Dividend Policy May 31 and June 3 14
The University'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 Description Weighting Due Date Test 1 (1Hr) The test will cover topics 1 - 3 (inclusive) 20% April 5, 2016 Test 2 (1Hr) The test will cover topics 4, 5 and 7 20% May 17, 2016 Final Exam (3Hrs) Exam to cover topics 1 - 10 60% Refer to Access Adelaide
Assessment Related RequirementsNotes on Assessment
Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. Marks may be deducted in the final examination because of poor hand-writing.
Assessment marks prior to the final exam will be displayed on MyUni. Students are encouraged to check their marks and notify the lecturer-in-charge of any discrepancies.
Students in this course are not permitted to take a DICTIONARY (English or English-Foreign) into the Exam. The use of a calculator in the examination will be required in this course.
No information currently available.
No information currently available.
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 Access Adelaide.
The University 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 University 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.
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