成人大片

Name: Mr. Peter Lennox
Email: peter.lennox@adelaide.edu.au

On successful completion of this course, students will be able to:

1. Explain the financial goal of a firm.
2. Apply time value of money principles to evaluate investment opportunities.
3. Apply various capital budgeting techniques to evaluate investment projects.
4. Determine the required return of different sources of finance.
5. Compute the weighted average cost of capital of a project or a firm.
6. Demonstrate the impact of taxes and bankruptcy costs on a firm’s capital structure.

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).

Other Reference Books
Berk, DeMarzo, Harford, Ford, Mollica & Finch, Fundamentals of Corporate Finance, 2nd edition, Pearson, 2013.
Brigham and Houston, Fundamentals of Financial Management, 13th Edition, Thomson, 2013.
Peirson, Brown, Easton, Howard and Pinder, Business Finance, 11th Edition, McGraw Hill, 2011.
Ross, Drew, Walk, Westerfield and Jordan, Fundamentals of Corporate Finance, 7th Edition, McGraw-Hill, 2016.

This course offering will be delivered via a mix of online and face-to-face teaching.
Each week, unless otherwise specified, a 2-hour recorded lecture (via Echo 360) commencing from semester week 1 and a 50 minute interactive tutorial class will be provided to students.
Note that some of the tutorial classes will be provided on a face-to-face basis with the rest offered online (via Zoom). 
Relevant course links for for the online (Zoom) tutorial classes will be provided prior to the commencement of each weeks class via MyUni.
Please refer to the course planner for further details of which tutorial classes are offered face-to-face and which are offered on an online basis.

Lectures & Tutorials
This course will offer 2-hour lecture per week from week 1 to week 12. In addition to the lectures, a 50-minute tutorial class 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 Course Coordinator, but given the current restrictive circumstances, and the differences between face-to-face and online classes, changes are generally unlikely to 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 School and are highly regarded by both employers and professional bodies.

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.

Topic #1 : The financial manager and the company (Text Chapter 1)

Topic #2 : The time value of money (Text Chapter 3)

Topic #3 : Discounted cash flows and valuation (Text Chapter 4)

Topic # 4 : Risk and return (Text Chapter 5)

Topic # 5 : Bond valuation and the structure of interest rates (Text Chapter 6)

Topic # 6 : Share valuation (Text Chapter 7)

Topic # 7 : The fundamentals of capital budgeting (Text Chapter 8)

Topic # 8 : Cash flows and capital budgeting (Text Chapter 9)

Topic # 9 : The cost of capital (Text Chapter 11)

Topic # 10 : Capital structure policy (Text Chapter 14)

Please refer to the Teaching Schedule located on MyUni regarding the relevant semester weeks each topic ois covered in lectures and tutorials.

Assessment Task	Weighting	Learning Outcome
Class Test #1	10%	1, 2
Class Test #2	15%	1, 2, 4
Discussion Forum participation	20%	1, 2, 3, 4, 5, 6
Final Exam	55%	1, 2, 3, 4, 5, 6
Total	100%

1.
Class Test #1 will be conducted online on an individual basis in Semester week 5 for a duration of 90 minutes and is weighted 10% of the overall course assessment.
It will comprise a number of true-false and multiple choice questions covering topics 1 to 3 of the course.
Class Test #1 will seek to assess students understanding of the topics covered in the earlier weeks of the course (weeks 1 to 3) on both a practical and theoretical basis. The test will also include a speed and accuracy component so students will need to work promptly through the given questions.
Feedback for Class Test #1 will be provided in the form of a mark and access will be given to the student test responses and summary solutions within approximately 2 weeks of the scheduled test time.
Further details of the requirements for the Class Test #1 assessment task will be provided via MyUni.

2.
Class Test #2 will be conducted online on an individual basis in Semester week 8 for a duration of 90 minutes and is weighted 15% of the overall course assessment.
It will comprise a number of true-false and multiple choice questions covering topics 1 to 5 of the course.
Class Test #2 will seek to assess students understanding of the topics covered in the semester weeks up to week 5 of the course on both a practical and theoretical basis. The test will also include a speed and accuracy component so students will need to work promptly through the given questions.
Feedback for Class Test #1 will be provided in the form of a mark and access will be given to the student test responses and summary solutions within approximately 2 weeks of the scheduled test time.
Further details of the requirements for the Class Test #2 assessment task will be provided via MyUni.

3.
The Discussion Forum participation will be conducted on a group basis from semester weeks 4 to 13 and is weighted 20% of the overall course assessment.
Students will work in groups of a maximum of 5 students from their designated tutorial class that they have self-allocated themselves to. A number of additional questions / comments will be prepared and posted to the Discussion Forum by the Course Coordinator for their designated tutorial class, relating to information relevant to the topics covered in the course. Students are required to either directly respond to the questions / comments posted by the Course Coordinator and / or reply to other student groups who have made a posting regarding the specified question / comment by the Course Coordinator.

The specific requirements of the Discussion Forum participation assessment task are as follows:
1) A maximum of 1 posting is to be made by a group for a given Topic.

2) Only the first 6 postings by each student group will be marked by the Course Coordinator.

3) Marking will be undertaken and assessed on the following basis:
a) the originality of the information posted (that is, comments that are directly extracted from an external source regardless of attribution are not what the Course Coordinator is looking for – and is generally very obvious),
b) the extent to which the information posted ‘adds value’ to the discussion on the topic,
c) a minimum posting length of 200 words, and
d) group postings can commence from the start of semester week 4 and are to be completed by the end of week 13.

Note that individual Topics will only be open for student group postings for a 2-week period.
Students will need to organise themselves in such a way to ensure all group members participate in this process so that all group members are satisfied with each other’s efforts. An overall group assessment grade (Pass, Credit etc.) will be allocated to this assessment task as the relevant feedback.


4.
The Final Exam will be conducted on an individual basis at the end of the semester and is weighted 55% of the overall course assessment.
It will cover all 10 course topics and consist of a combination of multiple choice, true-false and short-answer questions provided to students. Questions will be provided in the form of statements, scenarios and/or case studies of a nature similar to that included with the course materials. Assessment of the final exam will take into account; the correctness of the student response to the question or task set and the clarity of detailing the process by which the student arrived at their answer including engagement with the course materials.

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