MBA Online

Faculty of Business and Accountancy University of Malaya

Faculty : Business and Accountancy
Department : Finance and Banking
Programme of Study : Bachelor of Business Administration
Course Code : CBEB3104
Course Title : Corporate Finance
Credit Hours : 3
Course Prerequisite(s) / None
Minimum Requirement(s) :
Learning Outcomes : At the end of this course, students should be able to :
1. Calculate and discuss historical returns, volatilities and risk premiums
using examples from Malaysian capital market.
2. Identify different approaches that are used to estimate cost of capital,
the effects of leverage on risk and return and the basic trade-offs
leading to an optimal capital structure.
3. Assess the implications of dividend policy on firm’s value.
4. Discuss issues associated with mergers and acquisitions in particular
the benefits, tax aspect of acquisition and cost of an acquisition.
5. Illustrate some of the most important types of risk and the need to
manage these risks.
Synopsis of Course Contents : This course will enable the students to understand and deepen their
knowledge of corporate finance theories. In addition, in will enable them
to understand various advance techniques related to risk and return, capital
structure, dividend policy, long-term financing instruments such as bonds
and equities, risk management and mergers and acquisitions.
Assessment : Continuous Assessment : 50%
Final Examination : 50%

Graduate School of Management at Ritsumeikan Asia Pacific University (APU)
Corporate Finance
This course will identify the major finance issues confronted by corporate managers, and students will become familiar with methods for obtaining capital and making successful capital investment decisions. An introduction to the fundamentals of market valuation and securities will be followed by presentation of important issues in corporate valuation, capital investments and corporate financing, as related to capital costs.

Corporate Finance
The objective of this course is to provide a thorough introduction to the fundamental principles of asset valuation and financing in competitive financial markets. The course examines the important issues in corporate finance from a perspective of financial managers who need to make significant investment and financing decisions. We start with the NPV rule, which leads us to the valuation of debt and equity. We then investigate the efficient market hypothesis and examine the Capital Asset Pricing Model (CAPM) and the portfolio theories in such a market. We also learn to use the NPV rule to justify capital investment decisions. Option pricing will be the last step in our venture into the world of corporate finance. While this course is not designed to teach an abstract mathematical theory of modern financial economics, a basic theoretical understanding of various topics is essential to competent analysis and intellectual discussion. Furthermore, in examining issues in portfolio diversification, knowledge of basic statistics and spreadsheets will be essential and assumed. Prerequisite: Statistics. Co-requisite: Financial Accounting and/or Managerial Economics.

Faculty of Economic at The University of Tokyo

3303: Corporate Finance
Summer T.Arai
This course covers the theory and its implications for broad financial decisions made by corporations, which range from capital budgeting to mergers and acquisitions.

ICS , Graduate School of International Corporate Strategy

[Term 1] Corporate Finance (S. Abe) (2008/Term 1&2 (Fall&Winter))

This course is designed to provide both a practical and theoretical introduction to corporate finance. Students will learn how financial theory applies to business decision-making in order to maximize firm value long-term for shareholders. No previous knowledge of finance is required. However, a foundation in financial accounting (balance sheet, income statement, and cash flow statement) is highly desired. At the end of this course, students will be comfortable with a broad range of corporate finance topics.

Fundamentally, finance involves the allocation of capital, i.e., the flows of capital between capital users and capital providers. Factors considered include size, time, cost (return), and risk. As capital users, companies face two broad financial questions: What investments to make, i.e., how to make good investment decisions; and, how to pay for those investments, i.e., how to make good financing decisions. How companies make these important decisions will be addressed in terms of return and risk. Cost of capital and capital structure of companies will be covered.

The course also will introduce the capital markets and simple financial derivatives. A final module on mergers and acquisitions will explain the strategic rational for M&A. M&A valuation methodologies will be applied.

While financial theory provides a sound platform, students should keep in mind that the actual practice of corporate finance is a dynamic, constantly evolving activity. In particular, global capital markets continue to become more accessible to issuers and investors with myriad innovations at the margin. Change is the constant. This course is your take-off point. Fasten your seat belts and have a good flight.
Course Structure

Specific subject areas will include the concepts of net present value (NPV), internal rate of return (IRR), discount rate (r), discounted cash flow (DCF), free cash flow (FCF), the “g” word (growth), capital asset pricing model (CAPM), weighted average cost of capital (WACC), capital markets and initial public offerings (IPOs), equity options, mergers and acquisitions (M&A), and leveraged buyouts (LBOs). The overriding course theme will be the maximization of long-term value for the company’s shareholders (owners).
Teaching Method

Lectures with power point slides, case studies, problem set assignments, topical news items, and short videotapes. Class discussion will be encouraged throughout the course.

ECON6033
Corporate Finance
General Information
This course focuses on financial decisions in the modern corporation. The basic topics to be covered include: capital budgeting, cost of capital, capital structure, dividend policy, public offerings, and incentives and contacting problems. There will also be some treatment of mergers and acquisitions, and corporate governance. The course objective is to integrate these various topics into standard theories of risk and return, and the valuation of assets in order to provide a theoretical framework for considering corporate finance problems and issues, with an understanding of how it applies to the real world.

Corporate Finance
An introductory finance course designed to give you the tools necessary to value a company by projecting its free cash flow and discounting it at an appropriate rate. It shows you how to use ratio analysis to assess corporate performance, and project financial statements and cash needs.

FINA1003 C Corporate finance

Semester : 2
For Student of Year : 1

Lecturer : Chan, Konan
This is an introductory course that develops the basic concepts and tools applicable to corporate financial decisions. Three main tasks of financial managers are studied: (i) investment evaluation, (ii) financing decisions, and (iii) payout decisions. Specific topics include present value calculation, valuation of stocks and bonds, investment criteria and capital budgeting, risk and return, cost of capital, capital structure, raising capital, dividend policy, and working capital management.

Extra Information

Prerequisite: BUSI1002 Introduction to Accounting
Remarks: Not open to BEcon, BFin, BEcon&Fin students admitted to 1st year of study in 2005-06 or before.
Mutually exclusive courses: BUSI0016/FINA1002 Introduction to finance and STAT2807 Corporate finance for actuarial science.

Corporate Finance

Focuses on the interactions between financial structures and the value of the underlying real assets. After a short introduction to capital budgeting and valuation methods, the course focuses on the process of capital structure decisions. Recent theories in corporate finance are illustrated through a series of examples and cases. Special emphasis is placed on the ways in which financing affects the incentive structure of financial claimants.

After going through the course, the students would understand the principle of the theories and methods of the corporate finance, such as the operating environment and organization structure of the financial management, the theories of investment portfolio, the risk and premium return, the capital asset pricing, MM theory, perfect market, etc., and understand how the investment allocation, fund rising, dividend policy and working capital operating work in practice. The students would have a strong basis in corporate finance with expanded knowledge in both board and deep dimensions.

The pre-course that the students should take are accounting and finance. The students would apply the principle leaned from the course into the practice , explain and resolve some practical problems using the knowledge, siege the core ideas of the theories at the higher level.

Two approaches in teaching are adopt in this course: (1) combine the class teaching with case analyzing and discussing, (2) communicate the experience among the students.