CORPFIN 7101 - Managerial Finance
North Terrace Campus - Trimester 2 - 2024
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General Course Information
Course Details
Course Code CORPFIN 7101 Course Managerial Finance Coordinating Unit Management Term Trimester 2 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Restrictions Available for Executive Master of Business Administration, Graduate Diploma and Graduate Certificate students only Course Staff
Course Coordinator: Adjunct Ashley Miller
Course Timetable
The full timetable of all activities for this course can be accessed from Course Planner.
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Learning Outcomes
Course Learning Outcomes
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, measure and justify an appropriate capital budgeting model to evaluate an investment project.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) 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.
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.
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.
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.
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.
1 - 6 Attribute 7: Digital capabilities
Graduates are well prepared for living, learning and working in a digital society.
1 - 6 Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
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Learning Resources
Required Resources
Parrino et al., Fundamentals of Corporate Finance. 4th Edition. Wiley. ISBN 9780730382577
Students also need access to Microsoft Excel.Recommended Resources
Access to Financial newspapers (eg, Australian Financial Review, Financial Times, Wall Street Journal, Bloomberg) is also recommended but not essential.Online Learning
Important messages, PowerPoint slides on each topic including recorded comments on ECHO 360, solution to assigned questions and problems, and other materials relating to the course will be placed on MyUni throughout the trimester. MyUni can be found at (www.myuni.adelaide.edu.au). -
Learning & Teaching Activities
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.
Weekly classes are 3 hours long. 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 Detail 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 Chapter 1 2 Valuation Principles:- introduction to time value of money, present values; single and multiple cash flows Chapter 5 3 Discounted Cash Flow Vaulations: Pricing annuities, perpetuities, effectvie annual rates Chapter 6 4 Principles of Risk and Return: Defining risk and return, Diversification benefits, principles of portfolio theory Chapter 7 5 Market Efficiency and Bond Vaulation: Types of market efficiency, bond pricing, term structure of interest rates Chapter 8 6 Share Valuation: Standard models for princing stocks Chapter 9 7 Basics of Capital Budgeting: Learn methods to evaluate projects using NPV, IRR and payback methods Chapter 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 Chapter 11 9 Cost of Capital: Understand the principles behind the Weighted Average Cost of Capital (WACC) Chapter 13 10 Capital Structure: Cover the theories explaining capital structure and consider what factors determine an optimal capital structure for a company. Chapter 16 -
Assessment
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 Summary
For specific dates please see MyUni.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% 6 Total 100% Assessment Detail
Both the homework and quiz assessment are to be conducted online and are individual assessments. Access to a computer and Microsoft Excel is required.
The group assignment can have a maximum of 3 persons in the group.
There are up to ten pieces of homework that relate to each of the ten Topics covered in the course. These are completed online through Wiley's online assessment portal and consist of multiple choice and numerical questions. Each homework is related to specific CLOs. The pieces of homework are equally weighted and count towards 35% of your final grade. The first three pieces of homework, however, allow for two attempts at each question (with a reduced mark for the second attempt) to gain familiarity with the system.
2. 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.
The group assignment is downloadable here when it becomes available.
3. A final online test that consists of multiple choice, numerical and short answer questions is set at the end of the course (on the exam date). It is a timed assessment, relates to CLO #6 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.Submission
The assessed homework is conducted online as each Topic is completed. The quiz 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 submissionCourse 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 Access Adelaide.
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Student Feedback
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 Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- International Student Support
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
- YouX Student Care - Advocacy, confidential counselling, welfare support and advice
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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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’s disciplinary procedures.
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