CORPFIN 1002NA - Business Finance I
Ngee Ann Academy - Trimester 2 - 2017
General Course Information
Course Code CORPFIN 1002NA Course Business Finance I Coordinating Unit Business School Term Trimester 2 Level Undergraduate Location/s Ngee Ann Academy Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange N 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: Ik HwaDr Ik Kueh Hwa
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesOn successful completion of this course, students will be able to:
1. Compute complex time value of money calculations.
2. Illustrate basic risk and return calculations.
3. Value equities and bonds using the basic financial models.
4. Apply the core concepts of financial management for basic project valuation.
5. Analyse the capital structure of a company
6. Identify 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)
1-6 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
1-6 Teamwork and communication skills
- developed from, with, and via the SGDE
- honed through assessment and practice throughout the program of studies
- encouraged and valued in all aspects of learning
1-6 Career and leadership readiness
- technology savvy
- professional and, where relevant, fully accredited
- forward thinking and well informed
- tested and validated by work based experiences
1-6 Intercultural and ethical competency
- adept at operating in other cultures
- comfortable with different nationalities and social contexts
- Able to determine and contribute to desirable social outcomes
- demonstrated by study abroad or with an understanding of indigenous knowledges
1-6 Self-awareness and emotional intelligence
- a capacity for self-reflection and a willingness to engage in self-appraisal
- open to objective and constructive feedback from supervisors and peers
- able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
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 Singapore Business Review, The Australian Financial Review, The Wall Street Journal and Bloomberg.
Online LearningThis course is supported by online 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 ModesThe 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.
1 Overview of Financial Management 1 2 Time Value of Money 4 and 5 3 A Brief History and Valuation of Equities 7 and 10 4 A Brief History and Valuation of Fixed Income Securities 6 5 Risk and Return 11 6 Financing Activities 15 7 Net Present Value and Other Investment Criteria 8 8 Cost of Capital 12 9 Capital Structure 13 10 Dividend Policy 14
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. As a guide, students are expected to spend 9 hours each week for this course (this includes face-to-face contact, online components, and self-directed study).
Learning Activities Summary
Topic Chapter Reference(s) 1 Overview of Financial Management 1 2 Time Value of Money 4 and 5 3 Bond Valuation 6 4 Share Valuation and Efficent Market Hypothesis 7 and 10 5 Risk and Return 11 6 Basics of Project Evaluation 8 7 Making Capital Investment Decisions 9 8 Cost of Capital 12 9 Capital Structure 13 10 Dividend Policy 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 Task Weighting Learning Outcome Test 1 (1Hr) topics 1-3 (inclusive) 20% Test 2 (1Hr) topics 4, 5 and 7 20% Final Exam (3Hrs) 60% Total 100%
Assessment DetailNotes on Assessment
Legible handwriting 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 handwriting.
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 EnglishForeign) into the Exam. The use of a calculator in the examination will be required in this course.
SubmissionIn each test, you need to mark your answers for multiple-choice-question in the answer sheet with PENCILS. Also, all examination materials must be submitted to the invigilator.
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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- Student Life Counselling Support - Personal counselling for issues affecting study
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- Students with a Disability - Alternative academic arrangements
- Reasonable Adjustments to Teaching & Assessment for Students with a Disability Policy
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This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangement Policy
- Academic Honesty Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs
- Copyright Compliance Policy
- Coursework Academic Programs Policy
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- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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