NATIONAL ECONOMICS UNIVERSITY
CENTER FOR ADVANCED EDUCATIONAL PROGRAMS
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
SYLLABUS
1. GENERAL INFORMATION
Title: Corporate Finance 1
Number of credits: 3 credits
Theoretical hours: 30
Discussion and group work hours: 15
Prerequisite: Money and Financial Theory 1, Probability and Mathematical Statistics
2. LECTURER’S INFORMATION
Full name: Tran Phi Long
Tittle: PhD
Address: Building A1, Room 922
Phone number: 0986114414
Email: longtp@neu.edu.vn
School of Banking and Finance
3. COURSE DESCRIPTIONS
This course provides fundamental knowledge of corporate finance. In this course, students will
learn the basic financial statements of a company. Additionally, students will also learn the time
value of money. Based on this, student will learn how to estimate the value of stocks or bonds.
4. LEARNING RESOURCES : COURSE BOOKS, REFERENCE BOOKS, AND
SOFTWARES
- Course book: Ross, S., Westerfield, R., and Jordan, B.D. (RWJ), 2019. Fundamentals of
Corporate Finance. 12th Edition, McGraw-Hill.
- Reference books:
 Ross, S., Westerfield, R., and Jaffe, J., 2013. Corporate Finance. 11th Edition, McGraw-Hill.
 Eugene F. Brigham, Joel F. Houston (2009), Fundamentals of Financial Management, 12th
Edition, South-Western Cengage Learning, ISBN 978-0-324-59770-7
 Richard A. Brealey, Stewart C. Myers and Alan J. Marcus (2011), Fundamentals of Corporate
Finance, Sevent Edition, McGraw-Fill/Irwin Series in Finance, Insuarance and Real Estate
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- Other required materials and information:
a. NEU’s eBooks and documents at http://lic.neu.edu.vn:2048/menu: Emerald Insight, IG
Publishing eBook and ProQuest Central
b. NEU’s eBooks and documents at http://aep.neu.edu.vn:2048/menu
5. COURSE GOALS
Course
Program
Learning
Outcomes
Goal Description
Goals
Level of
competence
(PLO)
[1]
[2]
[3]
[4]
G1
Enable students to identify and distinguish
important concepts, principles and theories of
corporate finance
PLO2.1.1
V
G2
Enable students to collect data to analyze, interpret
and integrate data to identify firms’ financial
problem. Based on this, students are able to identify
the cause of the financial problem and then
providing
suggestion
to
improve
firms’
performance.
PLO2.1.2,
PLO2.3.1,
PLO2.4.1
V
G3
Enable students to prepare a financial report
analyzing firms’ financial situation.
PLO2.5.1
IV
G4
Develop students’ soft skills such as team working,
time management and effective communication.
PLO2.6.1
V
6. COURSE LEARNING OUTCOMES (CLO)
Course
goals
CLO
Descriptions
Level of
competence
[1]
[2]
[3]
[4]
CLO 1.1.1
Understand the concepts, principles and theories
of corporate finance.
V
CLO 1.1.2
Understand the different forms of companies.
IV
CLO 1.2.1
Understand the financial statements of companies.
IV
CLO 1.3.1
Understand the time value of money.
III
CLO 1.4.1
Understand the definition and related concepts of
bonds and stocks.
III
CLO1.4.2
Understand the determinants of bond yields.
II
CLO 2.2.1
Know how to read firms’ financial statements.
IV
PLO2.1.1
PLO2.1.2
2
CLO 2.3.1
Know how to calculate the present and future
value of a lumpsum and annuities.
III
CLO3.2.1
Know how to analyze firms’ financial statements.
V
CLO3.2.2
Know how to calculate financial ratios.
III
CLO3.2.3
Enable to identify the financial problems of
companies and suggest recommendations for the
problems.
V
PLO2.4.1
CLO4.4.1
Apply corporate finance theories to estimate the
price of bonds and stocks for specific cases.
IV
PLO2.5.1
CLO5.1.1
Prepare group reports for a specific topic of
corporate finance.
IV
CLO6.1.1
Present group reports for a specific topic of
corporate finance.
IV
CLO6.1.2
Develop good teamwork skills.
V
PLO2.3.1
PLO2.6.1
7. COURSE ASSESSMENT
Assessment
methods
Description
Time
CLO
Assessment
indicators
Percentage
(%)
[1]
[2]
[3]
[4]
[5]
[6]
Week 115
All
CLOs
Attendance
and
participation
points
10%
Mid-term
Test
The examinations will be
closed-book and based on
assigned readings, lectures,
and homework problems.
Calculator may be used
during examinations.
Week 10
All
CLOs,
except
CLOs
5.1.1,
6.1.1,
6.1.2
Questions
20%
Group
Class is grouped into groups
Week 11-
All
Group
20%
Class participation points
will be based on general
class attendance,
contribution in class and
compliance with the class
Class
rules delineated below. Poor
Participation
class attendance, little
contribution in class or noncompliance with class rules
will result in a poor class
participation grade.
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Assignment
Final Exam
of 3-5 members. Groups are
expected to do a report and
a presentation. The report
needs to be submitted
through Turnitin no later
than 1 week after the
presentation.
Final exam of 90 minutes.
Students have permission to
take the final exam when
they attend at least 80% of
the total classes and hand in
both individual and group
assignments on time. Makeup exams will not be
offered.
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CLOs
University
schedule
All
CLOs,
except
CLOs
5.1.1,
6.1.1,
6.1.2
presentation
and report
Questions
50%
8. LESSON PLAN
(Any changes on the schedule WILL BE announced in class and on TURNITIN in advance)
Week
Topic
Week
Introduction to Corporate Finance
1
CLO
Activities
Assessment
CLO 1.1.1, - Introducing about Participation,
1.1. Corporate Finance and the CLO1.1.2,
the structure of the Quiz
Financial Manager
course,
1.2.
Forms
CLO1.2.1,
of
Business
The
group
presentation and the
Organization
1.3.
the
exams.
goal
of
Financial
- Reading at home:
Management
RWJ chapter 1
1.4. The Agency Problems
- Lecturing
1.5. Financial Markets
- Discussion at class
Week
Financial
2
Cashflow
Statements
and CLO2.2.1,
CLO3.2.1
- Reading at home: Participation,
RWJ chapter 2
2.1. The balance sheet
- Lecturing
2.2. The income statement
- Discussion at class
Quiz
2.3. Cash flow of the firm
Week
3
Financial
Statements
Cashflow (continued)
and CLO2.2.1,
CLO3.2.1
- Reading at home: Participation,
RWJ chapter 2
2.1. The balance sheet
- Lecturing
2.2. The income statement
- Discussion at class
Quiz
2.3. Cash flow of the firm
Week
The time value of money and CLO1.3.1,
4
- Reading at home: - Participation,
4
discounted cash flow valuation
4.1.
Future
value
CLO2.3.1
and
RWJ chapters 5, 6
Quiz
- Lecturing
compounding
- Discussion at class
4.2. Present value and discounting
4.3. future and present value of
multiple cash flows
4.4. Annuities and perpetuities
4.5. Comparing rates: The effect
of compounding
4.6. Loan amortization
Week
5
The time value of money and CLO1.3.1,
- Reading at home: - Participation,
discounted cash flow valuation
RWJ chapters 5, 6
4.1.
Future
value
CLO2.3.1
and
Quiz
- Lecturing
compounding
- Discussion at class
4.2. Present value and discounting
4.3. future and present value of
multiple cash flows
4.4. Annuities and perpetuities
4.5. Comparing rates: The effect
of compounding
4.6. Loan amortization
Week
The time value of money and CLO1.3.1,
- Reading at home: - Participation,
6
discounted cash flow valuation CLO2.3.1
RWJ chapters 5, 6
(continued)
- Lecturing
4.1.
Future
value
and
Quiz
- Discussion at class
compounding
4.2. Present value and discounting
4.3. future and present value of
multiple cash flows
4.4. Annuities and perpetuities
4.5. Comparing rates: The effect
of compounding
4.6. Loan amortization
Week
Interest rate and bond valuation
CLO1.4.1,
- Reading at home: Participation,
7
5.1. Bonds and bond valuation
CLO1.4.2,
RWJ chapter 7
5
Quiz
5.2. Bond features
CLO4.4.1
5.3. Bond ratings
- Lecturing
- Discussion at class
5.4. Different types of bonds
5.5. Bond markets
5.6. Inflation and interest rates
5.7. Determinants of bond yields
Week
8
Interest rate and bond valuation CLO1.4.1,
- Reading at home: Participation,
(continued)
CLO1.4.2,
RWJ chapter 7
5.1. Bonds and bond valuation
CLO4.4.1
- Lecturing
5.2. Bond features
Quiz
- Discussion at class
5.3. Bond ratings
5.4. Different types of bonds
5.5. Bond markets
5.6. Inflation and interest rates
5.7. Determinants of bond yields
Week
9
Stock valuation
CLO4.4.1
- Reading at home: Participation,
6.1. Common stock valuation
RWJ chapter 8
6.2. Some features of common
- Lecturing
and preferred stocks
- Discussion at class
Quiz
6.3. The stock markets
Week
Mid-term test
10
All CLOs,
Individual exam
Exam
Group presentation
Group
except
CLO5.1.1,
6.1.1, 6.1.2
Week
Presentation (2 groups)
All CLOs
11
report
and
presentation
Week
Presentation (2 groups)
All CLOs
Group presentation
12
Group
report
and
presentation
Week
Presentation (2 groups)
All CLOs
Group presentation
13
Group
report
and
presentation
Week
Presentation (2 groups)
All CLOs
14
Group presentation
Group
and
6
report
presentation
Week
Review
All CLOs
Review the course
Participation
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9. COURSE REQUIREMENT & EXPECTATION
Participation (10% of your grade)
Students are required to participate in the discussion of the class by asking and answering question,
especially in the presentation time.
Class participation points will be based on general class attendance, contribution in class and
compliance with the class rules delineated below. Poor class attendance, little contribution in class
or non-compliance with class rules will result in a poor class participation grade.
Below are class rules:
1. Arrive on time and ready to begin when the class starts. If you arrive late for more than 30
minutes, you will not be counted for that class. Note that this class is intended for registered
students only.
2. Come prepared – read the readings assigned.
3. Turn off cell phones during classes.
4. Do not engage in individual discussions
5. No food in class time
6. Participate by contributing comments and questions during the discussions. The instructor
will call on students during the class if the participants do not volunteer.
7. Please use common courtesy and polite manners in class.
8. I have no tolerance for acts of academic dishonesty.
Presentation and Exams
There are 1 group presentation, 1 mid-term test, and 1 final exam. The group presentation accounts
for 20% of the total grade, the mid-term test accounts for 20% of the total grade, and the final exam
accounts for 50% of the total grade. Students have permission to take the final exam when they
attend more than 80% of the total classes, attend the mid-term test, and submit group assignment on
time. Make-up exams will not be offered. The following rules apply to exams:
1. Make a notation of the exam dates.
2. Final Exam is a closed-book exam. You must turn off all cell phones or any other personal
technology.
3. If you do not bring an ID to the exam, you will receive a 0 for the exam.
4. No food or drinks will be allowed during an exam.
5. When time is called, stop writing.
6. Please make sure you do not engage in any behavior that may appear to be cheating.
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Communication:
Studies show that students who engage in one-on-one discussions with the instructor about the
course receive better grades. I, therefore, encourage your discussion with me. You can
communicate during office hours, email or in class discussions. You also are welcome to make
separate appointments. I will be available before and after class, but only for short questions. I also
encourage feedback on the classes, lectures, teaching and reading material. We enhance the class
every semester and your thoughts are valuable in the process.
Intellectual Property:
All materials presented in class lectures including PowerPoint presentations and those materials
given are intellectual property of the instructor unless otherwise copyrighted. Any reproduction or
publication of this material without prior written permission is strictly forbidden.
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