Corporate Finance Subject Outline June09

8/8/2019 Corporate Finance Subject Outline June09

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University of Wales The Turning Point

Table of Contents

Section 1: General Information................................................................................31.1 Lecture Time & Location............................................................................3

1.2 Brief Outline..............................................................................................31.3 Aims...........................................................................................................41.4 Learning Outcomes...................................................................................41.5 Attendance................................................................................................41.6 Required Texts & Readings.......................................................................41.7 Supplementary Reading............................................................................5

Recommended Journals.......................................................................................................5

1.8 Course Schedule........................................................................................61.9 Web References........................................................................................71.10 Policies on Educational Issues and Student matters...............................71.11 Assessments............................................................................................7

1.12 Submission Dates....................................................................................8Section 2: Assessment.............................................................................................9

2.1 Grades Awarded........................................................................................92.2 Satisfactory Completion Requirements of this Subject............................102.3 Assessment Weight.................................................................................102.4 Assessments............................................................................................10

Assignment Guidelines......................................................................................................10

2.5 Examination Information.........................................................................112.6 Google Groups..........................................................................................122.7 Assignment Submission............................................................................17

Section 3: Citation & Plagiarism.............................................................................22

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SECTION 1: GENERAL INFORMATION

1.1 Lecture Time & Location

This subject will be taught over 2 weekends, plus have scheduled weekendmeetings to assist with project research and discussion.

Friday 19th June 2009 1900 – 2200 hrsSaturday 20th June 2009 1300 – 1700 hrs

Friday 03rd July 2009 1900 – 2200 hrsMonday 04th July 2009 1300 - 1700 hrs

Saturday 18th July 2009 1100 – 1400 hrs EXAMINATION

1.2 Brief Outline

Corporate Finance is a key management activity, with a broad range of decisionsto address. The underlying principles in the capital budgeting decision, the bestmix of funds, risk, and dividend policy are crucial. The understanding of the

financial manager's key decisions is at the heart of the course, with the emphasison the selection of profitable investments, utilising financial instruments, and theoperation of the capital markets in which the company is both disciplined andserviced, is studied in detail. The concept of risk is reviewed; moving to a reviewof the nature of capital markets, and the instruments issued and traded on suchmarkets. Finally, the dividend decision is introduced, with an understanding of theimportance of cash flow, and a discussion of the impact of international trade onfinancial decisions.

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1.3 Aims

This module aims:

• To develop an understanding in the main theories and concepts of corporate finance

• To develop knowledge and understanding in the applications of the varioustechniques used in financial decisions

• To gain appreciation of the broad environment of financial decision making

• To examine the relationship between risk and return

• To examine the impact of international trade on financial decisions

1.4 Learning Outcomes

By the end of this module, the candidates will be able to:

1. Explain the financial characteristics and implications of various financialpolicies and decisions, and to be able to evaluate the key factors affectingfinancial performance

2. Explain and apply the principles of risk control strategies

3. Explain and apply proper currency risk management

4. Explain and apply the investment appraisal techniques in complexsituations

5. Explain and apply the factors to be considered in the financing decision of firms, various sources of finance and their respective uses and limitations

6. To explain and compare the competing view of dividend policies

1.5 Attendance

Attendance is strongly recommended in order for students to be able to

satisfactorily attempt the final examination. Students are required to sign in theirattendance for every lecture attended.

1.6 Required Texts & Readings

Principles of Corporate Finance, 8th EdBrealey, R.A; Myers, S.C. and Marcus, A.J.Prentice Hall

1.7 Supplementary ReadingBesley, S., Brigham, E.F. Essentials of South-Western 2007

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Managerial Finance,14th ed.

College

Brealey, R.A. and Myers,S.C.,

Principles of CorporateFinance, 8th ed.

McGraw-Hill 2005

Gitman, L.J. Principles of Managerial Finance, 4th

Edition

Addison- Wesley 2006

Block, S.B., Hirt, G.A. Foundations of Financial Management,11th ed.

McGraw-Hill/Irwin 2004

Keown, A.J, Martin, J.D.,

Petty, J.W., Scott, D.F.

Financial Management:Principles andApplications, 10th ed.

Prentice Hall 2004

Recommended Journals

Asiamoney

CFO.com

Corporate Finance

Current Issues in Economics & Finance

Euromoney [euromoney.com]

Finance Magazine [finance-magazine.com]

Forbes [Forbes.com]

Journal of Economics & Business

Journal of Financial & Quantitative Analysis Journal of Financial Economics

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1.8 Course Schedule

The following schedule covers materials to be addressed over the weekendsessions.

Students are advised that they should seek to cover as much of the material aspossible prior to attending each of the weekends.

Weekend Dates Indicative Content

1 19th June 2009

20th June 2009

To check with Lecturer

2 03rd July 2009

04th July2009

To check with Lecturer

Please ensure that you read the respective chapters before coming to class.

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1.9 Web References

It is expected that students will make good use of the online materialsthat are now available from a myriad of organisations on the world-wide-web. The following are a list of predominant organisations whose

web sites will provide material most a appropriate to this module.

Http://www.wales.ac.uk/ University of Wales

http://www.economist.com/ The Economist

http://www.forbes.com/ Forbes

http://www.forbes.com/home_asia/ Forbes Asia

http://www.agsm.edu.au/~eajm/ Australian Journal of Management

http://www.spea.indiana.edu/ids/SBE.html Small Business Economics

http://www.businessweek.com/ Business Week

http://www.itbusinessedge.com/t/Business-Integration/Service-Oriented-Architecture-(SOA)/

IT Business Edge – Service OrientedArchitecture

http://www.australianit.news.com.au/itbusiness/

Australian IT

Http://www.cio.com CIO.com – Business TechnologyLeadership

1.10 Policies on Educational Issues and Student matters

Please refer to the student handbook available from the University of Wales Website.

1.11 Assessments

All assignments are expected to be the original work of students. Eachassignment should give details of references used and all quotationsshould be clearly attributed to their source. Although grouppreparation is encouraged it should be noted that collusion andplagiarism will not be tolerated and will be subjected to severepenalties.

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http://www.economist.com/

http://www.forbes.com/

http://www.forbes.com/home_asia/

http://www.forbes.com/

http://www.forbes.com/home_asia/

http://www.economist.com/




1.12 Submission Dates

Assignments should be submitted to the office and not directly to thelecturer. A completed Assignment Submission Cover (see attached)

should accompany each assignment. The centre will set deadlines forsubmission of assignments and students must adhere to this deadline.Assignments received one week after the deadline will be marked“Late submission” and 5% of marks apportioned to the assignmentwill be deducted. Assignments submitted later than a week after thedeadline will be deemed as a fail. Submission of assignments iscompulsory: you cannot pass a module unless you have completedthe assignments.

Submission of an assignment is considered to be final. A student is notentitled to revise an unsatisfactory assignment and may only re-

submit an assignment when the Examination Board gives permissionto do so. The assignment mark provides part of the composite subjectmark upon which the award of MBA is based and the submission of assignments should be treated as part of the final assessment and asa formal process.

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SECTION 2: ASSESSMENT

2.1 Grades Awarded

The approved grades of performance and associated ranges of marks this subjectis:

A Grade: To be awarded a Grade A you must provide evidence of wide reading of relevant literature, exercising discernment in the selection of appropriatequotations and evidence to support your work. The use of appropriate models andconcepts should be accurate and demonstrate depth of understanding andcreative application to the subject companies. Your work should be logical andcoherent, presented in an interesting and accessible style. By definition A Gradework is of an “exceptional” standard.

B Grade: To be awarded a Grade B you must provide evidence of wide reading of relevant literature, selecting appropriate quotations and evidence to support yourwork. The use of appropriate models and concepts should be accurate anddemonstrate understanding and application to the subject companies. Your workshould be logical and presented in an interesting and accessible style. Work in theG Grades can be generally defined as very good.

C Grade: To be awarded a Grade C you must demonstrate that you haveundertaken a review of relevant literature and that you have used the informationto illustrate your answer. You should clearly demonstrate your ability to apply the

key theories and concepts to the given circumstances. Your work should belogical, correctly referenced and convincing. Work in the C range can generally bedescribed as average.

D Grade: To be awarded a Grade D you must demonstrate that you haveundertaken a review of relevant literature. You should attempt to apply relevantmodels and concepts to the given circumstances. Work in the D range is amarginal pass.

E Grade: An E Grade is a marginal fail. Your work may be similar to the

description of C grade, but failing to meet the objectives of the assignment andnot satisfying the learning outcomes. Work not properly referenced.

F Grade: This is a clear fail. Inadequate literature review, not properlyreferenced. Limited attempt to apply models and concepts to circumstancesand/or inaccurate application. General failure to meet the objectives of theassignment and not satisfying the learning outcomes. Work not properlyreferenced.

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2.2 Satisfactory Completion Requirements of this Subject

In order to satisfactorily complete the requirements of this subject, the studentmust achieve an aggregate mark of at least 50% for the subject, and achieve amark of at least 40 % in the final examination. Students must ‘reasonably’

complete all assessment components other than the final examination and submitby the final week of session/ intake or by the final examination date (whichever isearlier) in order to pass the subject. ‘Reasonable’ completion of an assessmentwill consider instructions given to the student including; word length,demonstration of research and analysis where required, University PlagiarismPolicy, and completion of each section/ component of the assessment. Failure to‘reasonably’ complete any assessment components to the standard specifiedabove will result in a Fail grade awarded for the subject. Assessment taskssubmitted after the due date may be penalized. Refer to Penalties for LateSubmission of Assessment policy.

2.3 Assessment Weight

Assessment Type Word Length Weighting Due Date

1. Examination - 100% 18th July 2009

2.4 Assessments

There are no assessment for this subject.

Assignment Guidelines

Assessment of postgraduate assignments is based on postgraduate standards. This means that an assignment should demonstrate evidence of goodunderstanding of what the question asks. The structure of the answer should berelevant to the question and provide evidence of critical thinking and good use of appropriate research material. Assignments should be correctly referenced usingthe Harvard System of Referencing and Citation of Electronic Sources in line withthe guidelines provided in this Outline.

The assignment is a paper is to be prepared in no more than +/- 10% of the wordcount indicated.

Please type wherever possible, using 12 point font, Times New Roman or Arial.

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Please note: Any analysis and evaluation conducted should make appropriate useof the methodologies, concepts and frameworks studied in the module.

You are also encouraged to read other sources at your discretion.

Plagiarism will not be tolerated. Please see the guides to citation,referencing and plagiarism appended to this outline.

Students must retain a copy of all assessment work submitted. Marks will notusually be modified or scaled. Feedback on assessment tasks will be returned tostudents before the final examination date.

Although student attendance records will be kept, attendance or classparticipation will not be part of the assessment for this subject.

2.5 Examination Information

There is an examination for this subject. It is scheduled for 18th July, 2009.

Please follow the examination information as uploaded in your Google Group formore information.

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2.6 Google Groups

Additional information is made available to students from the school and yourlecturer through the use of Google Groups. This allows:

•

Files to be shared amongst everyone in the group• Emails to be sent to everyone using a single email address

Please note that basic information about the requirements for citation andreferencing, information about examinations and other useful documents are alsoplaced in the group for your access.

When you commence each subject, you will be sent an email that will allow you toaccess the Google Group for that subject. A step-by-step guide on how to accessGoogle Groups follows.

STEP 1: Open the email(please check your spam box if you cannot see the email in your in box)

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Step 2: Sign in to the Google Group

If you are not signed in to a Google Account

Click on the 'sign in and apply for membership' as indicated above. This will allowyou to sign in to Google Accounts, Apply for a Google Account (if you don't alreadyhave one) and enter the group.

If you are already signed in to a Google Account

Refer to Step 4 – you should be permitted to access the account automatically. If this doesn't happen, then please click on 'Apply for membership'.

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Step 4: Set up how you want to participate in the group.

Our suggestions are below.

You MUST specify a nickname. Your name is probably a good idea.

Please note that you must click on 'Accept invitation' to access the group.

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Step 5: Access and Explore the online area of the group

Note the areas 1, 2 and 3 above which will have information for your reference.

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2.7 Assignment Submission

You are required to submit your assignment online through the website servicecalled Turn It In. Instructions are as follows.

STEP 1: You will receive an email like the one below.

Click on the link in the email: http://submit.ac.uk

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http://submit.ac.uk/

http://submit.ac.uk/




STEP 2: Enter the 'Turn It In UK' website

After you click on the link in the email, you will see the following web site (orsomething similar)

Click on [user login]

Use the username and password in the email to log in.

You will be prompted to change your password. Please do so and choose apassword that you will remember. Write it down somewhere just in case.

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STEP 3: Enter the class

Click on the class name for the assessment that you are going to submit.

STEP 4: Click on the 'Paper icon' next to the name of the assignment you willbe submitting.

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STEP 5: Upload the file to the system

Fill in the fields as requested, select the file using the browse button, and click on'SUBMIT':

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STEP 6: Verify your submission

You will see the screen below, which will have a copy of your assignment printedout. Read your assignment AND VERIFY THAT IT IS ALL THERE. If it is OK, click on'yes, submit'.

If there is a problem, click on 'no, go back' and upload your file again.

The file types that will be accepted are: MS Word, WordPerfect, PostScript,PDF, HTML, RTF, and plain text.

TROUBLESHOOTING TIP: If you have trouble submitting your file using MicrosoftWord, then use the cut and paste method. To do this, go back to Step 5 andchange the 'submit a paper by' to 'cut and paste' instead of 'file upload'.

STEP 7: Once your assignment has been submitted, your screen will show

confirmation of the submission and email you a digital receipt to confirm that yourassignment has been received by the system.

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SECTION 3: CITATION & PLAGIARISM

Please see the attached guide from the University of Wales for information on howto avoid plagiarism and reference for your assignments.

Corporate Finance Subject Outline June09

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