Hong Kong Community College
BHMH2113 Financial Management
Tentative Teaching Plan
Semester Two 2022/2023
Subject Leader
Ms Yanny Pang
(Office: WK-S1342,
Tel: 3746 0432,
email: yanny.pang@cpce-polyu.edu.hk)
(Office: WK-S1330,
Tel: 3746 0603,
email: alvin.wong@cpce-polyu.edu.hk)
Subject Lecturers
Dr Alvin Wong
Objectives
This subject is structured around the most important financial decisions made by a firm in an integrated business environment. Students are expected
to develop knowledge of how firms make investment decisions, raise and utilize finance capital and manage working capital. Students will be able to
understand how the concepts and theories of financial management are applied in the real world and generate lasting impact on firms. Students will
also execute strong analytical skills and critical thinking.
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Subject Intended Learning Outcomes :
Upon completion of this subject, students will be able to:
a)
b)
c)
d)
e)
Describe the functions of financial management and the role of the finance managers, work with financial statements to identify cash flow
and evaluate ratio analysis of the firm;
Appraise the importance of the concept of the time value of money;
Perform basic valuation of stocks and bonds;
Assess the risk and return associated with a financial asset and examine the factors affecting cost of capital and dividend policy;
Apply investment appraisal techniques in a capital budgeting context and evaluate the strengths and limitations of those techniques.
Respective Scheme/Programme Intended Learning Outcomes
This subject contributes to the respective Scheme/Programme Intended Learning Outcomes in the following way:
(1) For students taking this subject as an elective Discipline-specific subject, please refer to your Scheme/Programme Requirement Document for the
Scheme/Programme Intended Learning Outcomes.
(2) For students of Associate in Business (Finance) –
(Row extracted from the Curriculum Map of Associate Degree Scheme in Business)
Subject Code
BHMH2113
Subject Title
Financial Management
S-ILO-1
Information
Technology and
Quantitative Skills*
I, A
S- ILO-2
Communication*
S-ILO-3
Critical
Thinking*
S-ILO-4
Problem
Solving*
I
I, A
S-ILO-5
Different
Perspectives*
S-ILO-6
Ethical and
Professional
Attitude*
* Please refer to your Scheme/Programme Requirement Document for the full version of the Outcome Statements.
I: The learning leading to the particular outcome is introduced in that subject
R: The learning leading to the particular outcome is reinforced in that subject
A: The learning leading to the particular outcome is assessed in that subject
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Teaching and Learning Approach
Lectures will focus on the introduction and explanation of theoretical materials, with specific reference to current financial issues where appropriate.
Occasional group discussions will be conducted to stimulate students’ interests or their awareness of practical implications of some concepts.
Tutorials will give students an opportunity to apply the theories learnt in lectures so that they can deepen their understanding through an interactive
approach. Activities in tutorials will include student presentation of tutorial questions and discussion of problem sets.
Weekly Teaching Pattern
2 hours of lecture 1 hour of tutorial
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Tentative Teaching Schedule
Lecture
No
Content/Topics
Tutorial
Book*
No
1
Introduction to Financial Management
Ch. 1
1
Content/Topics
Introduction
2
Time Value of Money
Ch. 4
2
Introduction to Financial Management
3
Discounted Cash Flow Valuation
Ch. 5
3
Time Value of Money
4
Bond Valuation
Ch. 6
4
Discounted Cash Flow Valuation
5
Stock Valuation
Ch. 7
5
Bond Valuation
6
Risk and Return
Ch. 11
6
Stock Valuation
7
Capital Assets Pricing Model
Ch. 11
7
Risk and Return
8
Cost of Capital
Ch. 12
8
Capital Assets Pricing Model
9
Cost of Capital
Ch. 12
9
Cost of Capital
10
Net Present Value and Other Investment Criteria
Ch. 8
10
11
Financial Statements, Taxes, Cash Flow
Ch. 2
11
Net Present Value and Other Investment
Ci i
Financial Statements, Taxes, Cash Flow
12
Financial Statement Analysis
Ch. 3
12
Financial Statement Analysis
13
Dividends and Dividend Policy
Ch. 14
13
Dividends and Dividend Policy
Remarks
Assignment 1 due
Mid-term test
Assignment 2 due
th
* Textbook: Ross, Westerfield, Jordon (2022). Essentials of Corporate Finance, 11 Edition (ISE Ed.), McGraw Hill
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Assessment Weighting
Continuous Assessment
Examination
40%
60%
100%
Note: Both continuous assessment and final exam must be passed to qualify for a pass in this course.
Assessment Methods for Continuous Assessment
Individual Assignment I
Individual Assignment II
Test
Tutorial Exercises & Activities*
(20%)
(20%)
(50%)
(10%)
100%
* Tutorial Exercises and participation into class activities assigned by the Lecturer, etc., details will be announced on the Centralized Moodle.
Attendance and Other Rules/ Regulations


It is important that students attend classes and study-related activities regularly and punctually. Participation forms a critical part in the learning
process, contributing to the desired learning outcomes. Absence will affect study progress and students should not be absent without good reason.
Some subjects offered within this Scheme are reimbursable under the Continuing Education Fund (CEF). To be eligible for CEF reimbursement
claims, students are required to fulfil the attendance requirement, in addition to other requirements as stipulated by the Office of CEF.
Lecture



Lectures will be conducted using PowerPoint slides. The power point notes and/or handouts will be posted onto the Moodle e-learning platform.
Students should download them before attending lectures.
To make learning more effective, it is suggested that students read the chapter(s) or notes to be covered before each lecture.
Depending on the progress, the extent and pace of coverage are subject to modifications, if necessary, taking into account of students’ progress.
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Tutorial


Students are required to work out ALL questions as listed for the tutorials as this will be essential for grasping the main concepts of each topic.
Suggested solutions to assigned tutorial questions will be posted to the Moodle e-learning platform for your reference after completion of all
tutorial classes in each week. Additional tutorial exercises may be given whenever necessary.
Assignments



Assignments will be posted onto the Moodle e-learning platform for downloading.
Submission deadline of Assignments 1 and 2 will be in week 6 and 11 respectively, which may be subject to change depending on the progress of
the class. The assignment must be completed by hand-writing on single-line A4 paper; no computer printout will be accepted. Penalty will be
applied to late submission of assignment.
Copying from others will be given zero mark. This will also apply to the student who provides his/her assignment(s) for others to copy.
Mid-term Test



Mid-term test will be held in Week 8.
The mid-term test duration is 60 minutes (i.e. 1 hour). The coverage will be the contents from Topic 1 to Topic 5 (i.e. Ch.1, 4, 5, 6 and 7). These
may be subject to change depending on the progress of the class. Further details will be announced on Moodle.
NO make-up test will be given.
Text and References
Textbook:
th
Ross, Westerfield, Jordon (2022). Essentials of Corporate Finance, 11 Edition (ISE Ed.), McGraw Hill
References:
Brigham and Houston. (2018). Essentials of Financial Management, (4th edition), Cengage.
Brigham and Houston. (2021). Fundamentals of Financial Management, (16th edition), Cengage.
Ross, Westerfield, Jordon (2019). Fundamentals of Corporate Finance, (12th edition), McGraw Hill Education.
Parrino, R. (2020). Fundamentals of Corporate Finance. (4th edition), John Wiley
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Plagiarism
You are strongly advised to pay attention to the rules and guidance notes regarding plagiarism, how sources should be referred to, and bibliography
referencing as stipulated in the Student Handbook.
The College/ School may take disciplinary actions against students when there is evidence of collusion between individuals. The work of others which
is included in the assignment must be attributed to its source (a full bibliography and a list of references must be submitted). Failure to observe such
requirements may lead to serious consequences for your study in this subject and your registration at the College/ School. Please refer to the Section
“Penalties for Offences” in the Student Handbook for details.
You are also strongly advised to review the hot tips about plagiarism and how to avoid it with reference to the following document:
https://www.polyu.edu.hk/ogur/docdrive/Academic_Integrity/Plagiarism_Booklet.pdf.
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