BFC5925 Financial Management Theory
SEMESTER One 2023
BFC5925 Teaching Team
Chief Examiner and Lecturer
Dr. Ying Xia
Phone: +61 3 990 31257
Email: ying.xia@monash.edu
Teaching Associate
Dr. Tony Nguyen
Email: tony.t.nguyen@monash.edu
Mr. Zhaofeng Xu
Email: zhaofeng.xu1@monash.edu
Consultation hours
Please refer to BFC5925 Moodle site “Consultation Timetable”.
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Unit Schedule
Week Topic
Textbook Chapters
Chapter
Sections
1
Introduction to Corporate Finance Chapter 1, 3 and 4
& Financial Mathematics
1.1, 1.2, 3.2,
3.3, 4.1-4.6
2
Valuation of Bonds & Shares
Chapter 1, 5, 6 and
9
1.3, 5.1-5.3,
6.1-6.5, 9.1-9.5
3
Valuing Projects – Investment
Decision Rules
Chapter 7
7.1-7.5
4
Valuing Projects – Fundamentals
Chapter 8
8.1-8.3, 8.5
10.1-10.8
of Capital Budgeting
5
Risk and Return - Part I
Chapter 10
6
MID SEMESTER TEST
There will be no formal lecture
scheduled during Week 6
Mid Semester test
covers materials for
teaching weeks 1 –
5.
7
Risk and Return - Part II
Chapter 11
11.1-11.8
8
Cost of Capital
Chapter 12
12.1-12.7
9
Capital Structure
Chapter 14, 15 and
16
14.1-14.5, 15.115.3, 15.5,
16.1-16.9
10
Financing
Chapter 23 and 24
23.1-23.4, 24.124.4
11
Payout Policy
Chapter 17
17.1-17.7
12
Mergers and Acquisitions
Chapter 28
28.1-28.6
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Assessment summary
Assessment task
Value
Due date
Group or
Individual
Learning
Condition
Outcomes for use of
Assessed generative
AI*
Post class online
tests
10% (1% per
week in
designated
teaching
weeks; 10 x
1% = 10% in
total)
Friday one
week after
the assigned
lecture topic
Individual
1, 2 and 3 1
Mid-semester
test
20%
Refer to the
University
Timetable for
details
Individual
1, 2, 3
and 5
Assignment
10%
Friday of
Week 10 at
11:55pm
Individual
1, 2 and 4 1
Comprehensive
final exam
60%
Within the
official
examination
period
Individual
1 to 5
1
1
*Conditions for use of generative AI:
1. Generative AI tools cannot be used in this assessment task
2. Generative AI tools are restricted for this assessment task
3. Generative AI tools are restricted for certain functions in this assessment task
4. Generative AI tools are not restricted for this assessment task
Details of assessment tasks
Assessment task title: Post class online tests
Details of Task:
Format: Online homework, multiple choice and short-answer questions, problem solving.
There will be ten (10) online tests throughout the semester, with the first test starting in week
one of the semester. Each test will only be available through Moodle for one week, i.e. from
Friday 6pm in the topic week to Friday 11:55pm next week. Online homework test will test
lecture topic of the previous teaching week. Due dates change due to, for example, public
holidays, will be announced and advertised through Moodle.
Release date: Friday 6pm in designated weeks
Word limit: Not applicable
Presentation requirements: Not applicable
Estimated return date: Upon completion of each assessment task
Criteria for marking: Further information on marking criteria to be provided in lectures.
Submission details: Submit online.
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Penalties for late lodgement: Failure to complete the online exercise by 11:55pm each week
will result in you receiving a mark of 0 for the assessment for that week, due to the nature of
the task and system requirements. No negotiation will take place for failure to complete the
assigned task by the deadline.
Assessment coversheet: Not applicable
Additional information: Not applicable
Generative AI tools cannot be used in this assessment task
In this assessment, you must not use generative artificial intelligence (AI) to generate any
materials or content in relation to the assessment task.
Assessment task title: Mid-semester test
Details of Task:
Material covered: Topics 1 - 5
Calculators are recommended. The test will cover content covered in tutorials, on-line quizzes
and material discussed in class related in week 1-5. More detail will be provided closer to the
time of sitting the test.
Release date: Additional information about how to access the test will be provided to you via
a Moodle announcement closer to the date.
Word limit: Not applicable
Presentation requirements: Not applicable
Estimated return date: Within two weeks after the test. It is imperative that you attend your
allocated tutorial in order to receive important formative feedback.
Criteria for marking: Further information on marking criteria to be provided in lectures.
Submission details: Details will be provided closer to the date.
Penalties for late lodgement: Failure to sit the test at the stipulated time will receive a mark
of 0 for this assessment component.
Assessment coversheet: Not applicable
Additional information:
You are required to sit the test at the stipulated time. Work commitments are not grounds for
special consideration. Where an application for special consideration has been submitted for
consideration no later than two university working days after the date of an in-semester test
for the class to which they have been allocated and the application has been approved, then
the Chief Examiner will have the option of either:
● setting an equivalent make-up test, which the student would be required to take prior to the
examination period, or
● increasing the weighting of the student's final examination by the weighting of the insemester test.
For information on applying for special consideration, please visit:
http://www.monash.edu/exams/changes/special-consideration
Students must not assume the outcome of an application for special consideration.
Generative AI tools cannot be used in this assessment task
In this assessment, you must not use generative artificial intelligence (AI) to generate any
materials or content in relation to the assessment task.
Assessment task title: Assignment
Details of Task:
This is an individual assignment. This assessment is designed to enhance students'
understanding on lecture topics. Structure and requirements for this assessment task will be
explained in class or on Moodle in the first four weeks of the semester.
Release date: By week four of the semester
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Word limit: Information to be confirmed in class or on Moodle by week four of the semester.
Presentation requirements: Information to be provided in class or on Moodle by week four
of the semester.
Estimated return date: Within two weeks of submission due date.
Criteria for marking: Details of requirements for this task, structure and breakdown of marks
and marking criteria to be explained in class by week four of the semester.
Submission details: A electronic file version of the assignment may be required to be
submitted through Moodle (further instructions to be provided in class or on Moodle).
Turnitin can help you discern when you are using sources fairly, citing properly, and
paraphrasing effectively in accordance with University policy. These are skills essential
to all academic work.
https://guides.lib.monash.edu/turnitin/using-turnitin
Penalties for late lodgement: A penalty of 10% of the total mark allocated to this assessment
task may be deducted for each day, or part thereof, it is late.
Applications for an extension of time allocated to an in- semester assessment task must be
made by completing an application form no later than two university working days after the
due date of the affected assessment or activity.
Assessment coversheet: Not applicable
Additional information: Not applicable
Generative AI tools cannot be used in this assessment task
In this assessment, you must not use generative artificial intelligence (AI) to generate any
materials or content in relation to the assessment task.
Assessment task title: Comprehensive final exam
Exam details: Detailed information will be provided on the structure and the method closer to
the exam period.
Materials examinable: The final examination may contain material covered in classes
(lectures and tutorials), associated materials on Moodle, the prescribed readings, and etc.
Hurdle requirement:
This unit contains a hurdle requirement that you must achieve in the Final Exam to be able to
pass the unit.
Generative AI tools cannot be used in this assessment task
In this assessment, you must not use generative artificial intelligence (AI) to generate any
materials or content in relation to the assessment task.
Submission details:
Turnitin can help you discern when you are using sources fairly, citing properly, and
paraphrasing effectively in accordance with University policy. These are skills
essential to all academic work.
https://guides.lib.monash.edu/turnitin/using-turnitin
Penalties for late lodgement:
Penalties for late lodgement: The University has a standard penalty for late
submission. See the Marking and Feedback Procedure for more information.
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Unit delivery information
Assessment
A student’s final mark is normally the sum of the marks obtained in all of the individual
assessment items in the unit. See here for the Procedure
Second marking
All of the major assessment tasks and examinations graded as a fail by the first marker
are marked by a second marker. See here for the Procedure
Return of final marks
The final mark that a student receives for a unit will be determined by the Board of
Examiners taking into account all aspects of assessment.
The final mark for this unit will be released by the Board of Examiners on the date
nominated in the University Calendar. Student results will be accessible through the
my.monash portal.
Exam viewing
Feedback on student performance in examinations and other end-of-semester
assessment is required. The feedback should be in accordance with the University's
procedures on Unit Assessment. Details of the examination script viewing
arrangements set down by the Faculty of Business and Economics can be viewed
online.
Assessment criteria
Assessment Criteria Grading Descriptors available here.
Hurdle requirement
See Handbook
Extension and penalties
Extensions are only provided under special circumstances. All applications for special
consideration must be made in accordance with University guidelines. It is the student's
responsibility to familiarise themselves with the University's Special Consideration policy
regarding extensions for assessment tasks.
Resubmission of assignments
Resubmission for assessments is not permitted for this unit.
Referencing requirements
To build your skills in citing and referencing, and using different referencing styles,
see the online resources Academic Integrity: Demystifying Citing and Referencing.
In this unit you are required to use the APA referencing style for written reports. You
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can get more information about using the APA reference style from the Monash
Library resource.
Feedback
Our feedback to you
Types of feedback you can expect to receive in this unit are:
●
●
●
●
Formal individual feedback on assignments expressed as a mark
Answers to questions relating to the discipline or the unit’s work
Advice about seeking additional help to develop your writing or research skills
Informal feedback relating to class activities
Your feedback to us
One of the formal ways students have to provide feedback on teaching and their learning
experience is through the Student Evaluation of Teaching and Units (SETU) survey. The
feedback is anonymous and provides the Faculty with evidence of aspects that students
are satisfied with and areas for improvement.
Resources and Technologies
Learning resources
Monash Library Services
Research and Learning Online
Monash University Library
The Monash University Library provides a range of services, resources and programs
that enable you to save time and be more effective in your learning and research.
See on the Library’s website or the library tab in my.monash portal for more information.
Prescribed text and readings
Berk, J., and P. DeMarzo, (2020), Corporate Finance, (5th edition). Pearson Education
Limited.
or
Berk, J., and P. DeMarzo, (2017), Corporate Finance, (4th edition). Pearson Education
Limited.
Weekly readings may be made available for students via the Moodle site. These
readings are mandatory for class participation and assessment preparation.
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Policies and other information
Policies
Monash has educational policies, procedures and guidelines, which are designed to ensure
that staff and students are aware of the University's academic standards, and to provide
advice on how they might uphold them. You can find Monash's Student Policies and
Student Charter online.
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