Corporate Finance

Queensland University of Technology

Course Description

  • Course Name

    Corporate Finance

  • Host University

    Queensland University of Technology

  • Location

    Brisbane, Australia

  • Area of Study

    Finance

  • Language Level

    Taught In English

  • Prerequisites

    EFB210

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    12
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    Synopsis:
    This unit develops the advanced knowledge and skills fundamental to the financial management of an organisation introduced in EFB210 Finance 1. Topics examined include: working capital management, capital investment decisions (including: estimation of required rates of return, sensitivity and scenario analysis, and the valuation of real options), issuance of corporate securities and capital structure, payout policy, mergers and acquisitions, and financial restructuring.
    Learning Outcomes
    Upon completion of this unit, you should be able to:
    1. Demonstrate, analyse and apply knowledge of the finance theories, practices and markets used by financial managers when deciding how to efficiently raise, manage and invest capital
    2. Apply knowledge, judgement, technical and technological skills to identify, critically analyse and solve problems related to the decisions of the financial manager
    3. Demonstrate written communication skills, including the use of technical and non-technical materials, to effectively structure, present and explain financial data, information and ideas
    4. Apply teamwork knowledge and skills in collaborating with others to apply financial knowledge and financial reasoning
    Content
    The initial focus of this unit is to review the firm's objectives, the role of the financial manager and some of the fundamental skills covered in EFB210 Finance 1. It then advances students' knowledge and skills by looking at topics related to corporate governance, capital investment decisions (including: estimation of required rates of return, sensitivity and scenario analysis, and the valuation of real options), issuance of corporate securities and capital structure, payout policy, mergers and restructuring.
    Approaches to Teaching and Learning
    This unit consists of a weekly two hour lecture and one hour tutorial, with tutorials providing the opportunity to discuss and apply the materials presented in the lectures.
    The unit employs a range of case studies to teach, apply and assess materials. As an example, students will complete the valuation of a major project, assess the implications of a firm's capital restructuring and critically analyse the rationale managers provide when they acquire other firms. The inherent complexities of these cases means that lecture and tutorial attendance is essential to develop the ability to apply the knowledge and skills taught. Teamwork knowledge and skills are also an important part of this unit and materials related to these skills are incorporated into the content and assessment items.
    Assessment
    Assessment name: Valuation Project
    Description: Students will be provided with a significant case study where they must provide analytical information related to the feasibility of a major capital investment and the way in which the investment is to be funded. Students will write a report summarising the case and the results of the analysis conducted. In addition, students will write a report that addresses their demonstration of responsibility and accountability in working as part of a team.
    Length / Duration: 1500 words
    Formative or Summative: Formative and Summative
    Relates to objectives: 1, 2, 3
    Weight: 30
    Internal or external: Internal
    Group or individual: Group
    Due date: Week 10
    Assessment name: End of Semester Exam
    Description: Short answer questions covering Topics 6 to 12
    Length / Duration: 2 hours plus 10 minutes perusal
    Formative or Summative: Summative
    Relates to objectives: 1
    Weight: 50
    Internal or external: Internal
    Group or individual: Individual
    Due date: Central Exam Period
    Assessment name: Mid-Semester Exam
    Description: Multiple choice exam covering Topics 1-5
    Length / Duration: 1 hour plus 15 minutes perusal
    Formative or Summative: Formative and Summative
    Relates to objectives: 1
    Weight: 20
    Internal or external: Internal
    Group or individual: Individual
    Due date: Week 7

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Some courses may require additional fees.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.