CORPFIN 7005 - Principles of Finance (M)
North Terrace Campus - Semester 1 - 2021
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General Course Information
Course Details
Course Code CORPFIN 7005 Course Principles of Finance (M) Coordinating Unit Finance and Banking Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture Course Staff
Course Coordinator: Associate Professor Chee Cheong
Adelaide Trimester 1, 2021 Name: Mr. Peter Lennox
Email: peter.lennox@adelaide.edu.auAdelaide Semester 1, 2021 Melbourne Trimester 1, 2021 Dr Chee Seng Cheong
Associate Professor in Finance
Adelaide Business School
Level 12, 10 Pulteney Street
South Australia, 5005, AUSTRALIA
T: +61 8 8313 0356
E: chee.cheong@adelaide.edu.au
W:Name: G M Wali
Email: gm.waliullah@adelaide.edu.auAdelaide Semester 2, 2021 Dr Tariq Haque
Lecturer in Finance
Adelaide Business School
Room 22, Level 12, 10 Pulteney Street
South Australia, 5005, AUSTRALIA
T: +61 8 8313 7599
E: tariq.haque@adelaide.edu.au
W:Adelaide Trimester 3, 2021 Dr Ratna Derina
Lecturer in Finance
Adelaide Business School
Room 37, Level 12, 10 Pulteney Street
South Australia, 5005, AUSTRALIA
T: +61 8 8313 7137
E: ratna.derina@adelaide.edu.au
W:Course Timetable
The full timetable of all activities for this course can be accessed from .
Melbourne students only:
- Students in this course are expected to attend two 1-hour lectures and one 2-hour practical (tutorial) class each week.
- PRACTICALS (tutorials) commence in WEEK 2 and ASSESSMENT in practicals BEGINS in WEEK 2.
- Please efer to MyUni for applicable timetable and assessment information.
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Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:- Explain the financial goal of a firm.
- Apply time value of money principles to evaluate investment opportunities.
- Apply various capital budgeting techniques to evaluate investment projects.
- Determine the required return of different sources of finance.
- Compute the weighted average cost of capital of a project or a firm.
- Demonstrate the impact of taxes and bankruptcy costs on a firm’s capital structure.
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)
1,2,3,4,5,6 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
2,3,4,5,6 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
1,2,3,4,5,6 Career and leadership readiness
- technology savvy
- professional and, where relevant, fully accredited
- forward thinking and well informed
- tested and validated by work based experiences
2, 3 -
Learning Resources
Required Resources
TRIMESTER 1 AND SEMESTER 1:
Textbook
Parrino, Au Yong, Dempsey, Morkel-Kingsbury, Ekanayake, James, Murray, Fundamentals of Corporate Finance, 3rd Edition, Wiley, 2019, ISBN 978-0-7303-6346-0.
Calculator
This course requires considerable mathematical computation. Although much of it is relatively simple, access to an appropriate calculator is necessary. If you intend to purchase a calculator for this course, you will find it useful to purchase a financial calculator. This is of particular relevance for the time value of money calculations - the relevant function keys include; PV, FV, PMT, n, I/Y, NPV, IRR. Any financial calculator is suitable for this course. The most popular financial calculator is the Sharp EL738 (or its variations).
SEMESTER 2 and TRIMESTER 3 2021
Textbook
Parrino, Au Yong, Dempsey, Morkel-Kingsbury, James, Mazzola, Murray, Smales, and Wei, Fundamentals of Corporate Finance, 4th Edition, Wiley, 2020
Calculator
This course requires considerable mathematical computation. Although much of it is relatively simple, access to an appropriate calculator is necessary. If you intend to purchase a calculator for this course, you will find it useful to purchase a financial calculator.
This is of particular relevance for the time value of money calculations - the relevant function keys include; PV, FV, PMT, n, I/Y, NPV, IRR. Any financial calculator is suitable for this course. The most popular financial calculator is the Sharp EL738 (or its variations).Recommended Resources
SEMESTER 2 2021:
Other Reference Books
Berk, DeMarzo, Harford, Ford, Mollica, and Finch, Fundamentals of Corporate Finance, 2nd edition, Pearson, 2013.
Graham, Adam, and Gunasingham, Corporate Finance, 3rd Asia-Pacific Edition, Cengage, 2021.
Parrino, Au Yong, Dempsey, Morkel-Kingsbury, Ekanayake, James, Murray, Fundamentals of Corporate Finance, 3rd Edition, Wiley, 2019, ISBN 978-0-7303-6346-0.
Ross, Drew, Walk, Westerfield and Jordan, Fundamentals of Corporate Finance, 7th Edition, McGraw-Hill, 2016, ISBN 9781743761830.Online Learning
This course offering will be delivered both face-to-face and online.
Relevant course links for Zoom will be made available via MyUni. -
Learning & Teaching Activities
Learning & Teaching Modes
Lectures & Tutorials
This course will offer one 2-hour lecture per week from week 1 to week 12. In addition to the lectures, 1 hour tutorial classes will be offered from week 2 until week 12.
Tutorials
Tutorial classes will be held weekly from week 2 to 12. Membership of tutorial classes is to be finalised by the end of the second week of semester. Students wishing to swap between tutorial classes after this time are required to present their case to the Lecturer-in-Charge, but should be aware that such a request may not be approved.
Tutorials are an important component of your learning in this course. The communication skills developed in tutorials by regularly and actively participating in discussions are considered to be most important by the Adelaide Business School and are highly regarded by employers and professional bodies.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.
Students in this course are expected to attend all lectures and tutorials throughout the semester.
The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours of private study outside of your regular classes.Learning Activities Summary
The schedule of lecture topics for this course is as follows:
Chapter 1: The financial manager and the company
Chapter 2: The financial environment and the level of interest rates (self-studies)
Chapter 3: The time value of money
Chapter 4: Discounted cash flows and valuation
Chapter 5: Risk and return
Chapter 6: Bond valuation and the structure of interest rates
Chapter 7: Share valuation
Chapter 8: The fundamentals of capital budgeting
Chapter 9: Cash flows and capital budgeting
Chapter 11: The cost of capital
Chapter 14: Capital structure policy
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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
Assessment Task Due Date Weighting Learning Outcome Homework - comprised of 5 smaller assessments, either multiple choice or short answer questions TBA Total of 50% 1,2,3,4,5,6 Final Exam Exam Period 50% 1,2,3,4,5,6 Total 100%
Assessment Detail
Homework - Chapters 1-13 (Comprised of 5 smaller assessments, either multiple choice or short answer questions)
Final Examination - Chapters 1-14.Submission
NACourse 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 .
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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
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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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
- 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鈥檚 disciplinary procedures.
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