BFS2780
Corporate finance A
Unit Guide
Semester 2, 2015
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Last updated: 23 Jul 2015
Table of Contents
BFS2780 Corporate finance A - Semester 2, 2015..................................................................................1
Mode of Delivery..............................................................................................................................1
Workload requirements....................................................................................................................1
Additional workload requirements........................................................................................1
Unit Relationships........................................................................................................................................1
Prerequisites....................................................................................................................................1
Prohibitions......................................................................................................................................1
Chief Examiner(s)........................................................................................................................................1
Campus Lecturer(s).....................................................................................................................................2
Your feedback to Us....................................................................................................................................2
Previous Student Evaluations of this Unit....................................................................................................2
Academic Overview...................................................................................................................................3
Learning Outcomes.........................................................................................................................3
Unit Schedule.............................................................................................................................................4
Teaching Approach..........................................................................................................................4
Assessment Summary.....................................................................................................................4
Hurdle Requirements...........................................................................................................5
Second marking...................................................................................................................5
Return of final marks............................................................................................................5
Exam viewing.......................................................................................................................5
Assessment criteria..............................................................................................................5
Assessment Requirements......................................................................................................................6
Assessment Tasks...........................................................................................................................6
Assessment task 1...............................................................................................................6
Assessment task 2...............................................................................................................6
Assessment task 3...............................................................................................................6
Examination(s).............................................................................................................................................7
Examination 1..................................................................................................................................7
Learning resources......................................................................................................................................7
Feedback to you..........................................................................................................................................7
Assignment submission...............................................................................................................................7
Online submission...........................................................................................................................7
Prescribed text(s) and readings.......................................................................................................8
Recommended Resources..........................................................................................................................8
Other Information......................................................................................................................................9
Policies............................................................................................................................................9
Graduate Attributes Policy...................................................................................................9
Student Charter...........................................................................................................................................9
Student services..........................................................................................................................................9
Monash University Library...........................................................................................................................9
Moodle 2....................................................................................................................................................10
Disability Liaison Unit................................................................................................................................10
BFS2780 Corporate finance A - Semester 2, 2015
This unit introduces the principles of financial management, strategy and risk management. The unit
addresses the following fundamental areas: Development, evaluation and management of strategy, risk
management, introduction to corporate finance and financial management; an introduction to working
with financial statements; the principles of time value of money and valuation of future cash flows;
interest rates and bond valuations, share valuations, net present value and investment criteria; an
introduction to capital budgeting principles and its relationship with the future cash flow valuation.
Mode of Delivery
South Africa (Day)
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per
semester typically comprising a mixture of scheduled learning activities and independent study.
Independent study may include associated readings, assessment and preparation for scheduled
activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled
activities may include a combination of teacher directed learning, peer directed learning and online
engagement.
See also Unit timetable information
Additional workload requirements
This is a six credit point unit with three hours class contact per week over 12 teaching weeks. It is
expected that you will spend, on average, nine hours in self-directed study each week, in addition to the
three hours of class contact. Self-directed study for a particular unit may exceed nine hours during weeks
preceding an in-semester test, submission of a major assignment or final examination.
Unit Relationships
Prerequisites
Students must have passed AFG1000, ACG1000, AFW1000, ACW1000 or AFW1001 (pre 2009) before
undertaking this unit.
Prohibitions
AFW2780, AFW3005, AFS2780
Chief Examiner(s)
Mr Gladman Moyana
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BFS2780 Corporate finance A - Semester 2, 2015
Campus Lecturer(s)
Your feedback to Us
Monash is committed to excellence in education and regularly seeks feedback from students, employers
and staff. One of the key formal ways students have to provide feedback is through the Student
Evaluation of Teaching and Units (SETU) survey. The University’s student evaluation policy requires that
every unit is evaluated each year. Students are strongly encouraged to complete the surveys. The
feedback is anonymous and provides the Faculty with evidence of aspects that students are satisfied
and areas for improvement.
For more information on Monash’s educational strategy, see:
www.monash.edu.au/about/monash-directions/ and on student evaluations, see:
www.policy.monash.edu/policy-bank/academic/education/quality/student-evaluation-policy.html
Previous Student Evaluations of this Unit
If you wish to view how previous students rated this unit, please go to
https://emuapps.monash.edu.au/unitevaluations/index.jsp
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Academic Overview
Learning Outcomes
The learning objectives associated with this unit are to:
1. explain the purpose of financial management and corporate finance
2. apply analysis techniques to financial information and interpret the results
3. explain and apply the principles of time value of money to rank investment projects and value
stocks and bonds
4. explain and apply, at an introductory level, valuation techniques relating to equity instruments
5. explain and apply techniques in capital investment decisions
6. identify aspects broader than only financial aspects (such as environmental, social, economic and
governance) in decision making
7. apply critical thinking, problem solving and presentation skills to activities dealing with corporate
finance and demonstrate in an individual summative assessment task the acquisition of a
comprehensive understanding of the topics covered by BFS2780.
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Unit Schedule
Week
Activities
Assessment
0
No formal assessment or activities are
undertaken in week 0
1
Introduction to Corporate Finance, Financial
Statements, Cash Flows and Taxes- Chapters 1&2
Refer to weekly folder on moodle
2
Strategy and Risk Management- Handout
Refer to weekly folder on moodle
3
Strategy and Risk Management- Handout
Refer to weekly folder on moodle
4
Strategy and Risk Management- Handout
Refer to weekly folder on moodle
5
Introduction to Financial Statements Analysis and
Interpretation- Chapter 3 and Handout
Refer to weekly folder on moodle
6
Long Term Planning and Growth- Chapter 4
Refer to weekly folder on moodle
7
Time Value of Money and Discounted Cash Flow
Valuation- Chapter 5&6
Refer to weekly folder on moodle
8
Interest Rate and Bond Valuation- Chapter 7
Refer to weekly folder on moodle
9
Share Valuation- Handout
Refer to weekly folder on moodle
10
Share Valuation- Handout
Refer to weekly folder on moodle
11
Net Present Value and Other Investment Appraisal
Techniques- Chapter 9
Refer to weekly folder on moodle
12
Capital investment Decisions(Net Present Value)Chapter 10,11 and handout
Refer to weekly folder on moodle
SWOT VAC
No formal assessment is undertaken
SWOT VAC
Examination period
LINK to Assessment Policy:
http://policy.monash.edu.au/policy-bank/
academic/education/assessment/
assessment-in-coursework-policy.html
Teaching Approach
Lecture and tutorials or problem classes
This teaching and learning approach provides facilitated learning, practical exploration and peer learning
Assessment Summary
Within semester assessment: 30%
Examination: 70%
Assessment Task
Value
Due Date
Objective tutorial tests 10%
Every week in tutorial groups
Class test 1
10%
Week 5
Class test 2
10%
Week 10
Examination 1
70%
To be advised
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Unit Schedule
Hurdle Requirements
There is a hurdle requirement for this unit. The learning outcomes of this unit require you to demonstrate
a comprehensive understanding of the topics covered in the unit. Hence the hurdle requirement for this
unit requires that you must attain a mark of at least 50% in the final examination. If you fail the unit solely
because of failure to satisfy the hurdle requirement, a mark of 48 will be determined by the faculty's
Board of Examiners on the recommendation of the unit's Chief Examiner.
Second marking
Where an assessment task is given a fail grade by an examiner, that piece of work will be marked again
by a second examiner who will independently evaluate the work, and consult with the first marker. No
student will be awarded a fail grade for an assessment task or unit without a second examiner confirming
the result.
Note: Exceptions to this are individual pieces of assessment contributing 10% or less of the final mark,
unless the total of such pieces exceeds 30% of the final mark.
Return of final marks
Faculty policy states that 'the final mark that a student receives for a unit will be determined by the Board
of Examiners on the recommendation of the Chief Examiner 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
Faculty 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 Department of Banking and Finance is
available at www.buseco.monash.edu.au/baf/student/exam-view/index.html.
Assessment criteria
Assessment Criteria Grading Descriptors available at:
http://www.policy.monash.edu/policy-bank/academic/education/assessment/
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Assessment Requirements
Assessment Tasks
•
Assessment task 1
Title:
•
Objective tutorial tests
Due date:
Every week in tutorial groups
Details of task:
The objective tests will be attempted every week based on the work learnt in the previous
week.
Weighting/Value:
10%
Estimated return date:
These assessments will be marked in tutorial classes.
Learning objectives assessed:
The ongoing assessments is designed to test your achievement of learning objectives 1-7.
Assessment task 2
Title:
•
Class test 1
Due date:
Week 5
Details of task:
This assessment will be based on the work covered between week 1-4
Weighting/Value:
10%
Estimated return date:
The assessment will be returned to students in week 7
Learning objectives assessed:
The assessment will test learning objectives1,2,3 and 7
Additional information:
Special consideration: If an application for special consideration is received within two full
days after an in-semester test weighted at 10 per cent or less of the final mark; and the
application is approved by the Chief Examiner, then the Chief Examiner will have the
option of either setting an equivalent make-up test, which you will be required to take prior
to the examination period, or increasing the weighting of your final examination by the
weighting of the in-semester test. Students should not assume the outcome of an
application for special consideration.
Assessment task 3
Title:
Class test 2
Due date:
Week 10
Details of task:
The assessment will test work covered in weeks 5-9
Weighting/Value:
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Assessment Requirements
10%
Estimated return date:
The assessments will be returned to students in week 11
Learning objectives assessed:
This assessment will test objectives 4 and 7
Additional information:
Special consideration: If an application for special consideration is received within two full
days after an in-semester test weighted at 10 per cent or less of the final mark; and the
application is approved by the Chief Examiner, then the Chief Examiner will have the
option of either setting an equivalent make-up test, which you will be required to take prior
to the examination period, or increasing the weighting of your final examination by the
weighting of the in-semester test. Students should not assume the outcome of an
application for special consideration.
Examination(s)
• Examination 1
Weighting:
70%
Length:
3 hours
Type (open/closed book):
Closed book
Hurdle requirements:
There is a hurdle requirement for this unit. The learning outcomes of this unit require you
to demonstrate a comprehensive understanding of the topics covered in the unit. Hence
the hurdle requirement for this unit requires that you must attain a mark of at least 50% in
the final examination. If you fail the unit solely because of failure to satisfy the hurdle
requirement, a mark of 48 will be determined by the faculty's Board of Examiners on the
recommendation of the unit's Chief Examiner.
Electronic devices allowed in the exam:
♦ approved calculators are permitted
Learning resources
Monash Library Unit Reading List (if applicable to the unit)
http://readinglists.lib.monash.edu/index.html
Feedback to you
Types of feedback you can expect to receive in this unit are:
Assignment submission
Online submission
If Electronic Submission has been approved for your unit, please submit your work via the learning
system for this unit, which you can access via links in the my.monash portal.
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Assessment Requirements
Prescribed text(s) and readings
Firer,C, Fundamentals of Corporate Finance(5th South African Edition), McGraw Hill, latest edition
Recommended Resources
Virtual learning environment (VLE): Moodle
Material used in class together with other information of importance to you will be published online via
the unit’s Moodle site. In order to access information about this unit in Moodle you must be enrolled in
the unit and have a valid student account with authcate username and password. Moodle is accessed
through my.monash portal. When you log in to the portal you access Moodle in the "home page" by
clicking on the Moodle 2 link under "Online Systems".
Q Manual
Work submitted for assessment must be consistent with the guidelines set down in the Q Manual, which
is the faculty's student guide for producing quality work on time. Copies of this manual can be purchased
at the bookshop or accessed online.
Calculators
Electronic devices (including calculators) are not permitted in tests and examinations in this unit unless
identified with an "approved for use" label. hese labels are available from Tamarra Varden (Accountancy
Studies Adminstrator) Building, Level 1.
The recommended calculator is Texas Instrument, Business Analyst
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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 Education Policies at:
www.policy.monash.edu.au/policy-bank/academic/education/index.html
Key educational policies include:
• Student Academic Integrity Policy and Student Academic Integrity: Managing Plagiarism and
Collusion Procedures ;
• Assessment in Coursework Programs;
• Special Consideration;
• Grading Scale;
• Discipline: Student Policy;
• Academic Calendar and Semesters;
• Orientation and Transition; and
• Academic and Administrative Complaints and Grievances Policy.
Graduate Attributes Policy
http://www.policy.monash.edu/policy-bank/academic/
education/management/monash-graduate-attributes-policy.html
Student Charter
www.opq.monash.edu.au/ep/student-charter/monash-university-student-charter.html
Student services
The University provides many different kinds of support services for you. Contact your tutor if you need
advice and see the range of services available at http://www.monash.edu.au/students
You can also access important information from the Faculty of Business and Economics current students
page http://www.buseco.monash.edu.au/student/
Caulfield and Clayton students wishing to further develop English language skills in a fun group
environment can join a Conversational English Program. You can access these programs at
http://www.monash.edu/students/conversational-english/
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. Go to www.lib.monash.edu.au or the
library tab in my.monash portal for more information.
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Other Information
Moodle 2
All unit and lecture materials, plus other information of importance to students, are available through the
virtual learning environment Moodle site. You can access Moodle via the my.monash portal.
Where to go for help
If you're stuck, confused or simply not sure how to approach Moodle, there are a number of Moodle
resources that you can tap into.
Disability Liaison Unit
Students who have a disability or medical condition are welcome to contact the Disability Liaison Unit to
discuss academic support services. Disability Liaison Officers (DLOs) visit all Victorian campuses on a
regular basis.
• Website: http://www.monash.edu/equity-diversity/disability/index.html
• Telephone: 03 9905 5704 to book an appointment with a DLO;
• Email: dlu@monash.edu
• Drop In: Equity and Diversity Centre, Level 1, Building 55, Clayton Campus.
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