MBA Online

Faculty of Business and Accountancy University of Malaya

: Finance and Banking
Programme of Study : Bachelor of Business Administration
Course Code : CBEB 2102
Course Title : Financial Management
Credit Hours : 3
Course Prerequisite(s) / None
Minimum Requirement(s) :
Learning Outcomes : At the end of this course, students should be able to :
1. Identify the principles and basic techniques of finance.
2. Describe the various types of financial instruments, roles and functions
of financial markets and relevant regulators in the country.
3. Distinguish and apply the concept of time value of money.
4. Analyze the factors that determine a company’s need for external
financing, be it debt or equity using appropriate financial ratios.
5. Examine the decisions that affect current assets and current liabilities
and the impact of these decisions on firm’s value.
6. Evaluate tools needed for valuing investment projects, including the
determination of the relevant cash flows and the appropriate discount
rate.
Synopsis of Course Contents : This course discusses the various financial tools employed to effectively
manage e a company’s financial condition. Other topics discussed are
financial statement and analysis, time value of money, bonds and stocks,
capital budgeting and its techniques and short-term working capital
management.
Assessment : Continuous Assessment : 50%
Final Examination : 50%

College of Graduate Study in Management at Khon Kaen University

900 713 Finance for Business Decision
Financial management and financial environment; forecasting, analyzing, planning and controlling of finance; working capital management, decision in long-term investment in long-term capital. Capital budgeting and cost of capital, capital structure and dividend policy. Strategic decision on long-term financing (environment). For casting, financial analysis, planning and control. Capital budgeting and cost of capital; capital structure and dividend policy.

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.

MFIN7015
Behaviour Finance
Lin, Tao
General Information
Traditional finance theories encounter increasing difficulties in explaining intertemporal and cross sectional securities returns. Half of the course will focus on behavioral finance which introduces cognitive biases, limited information processing, and costly arbitrage to examine the micro dynamics of price discovery and the implications on corporate financing. It offers an introduction to the emerging behavioral finance studies. Topics covered include the efficient market hypothesis (EMH), financial anomalies, non-fundamental risk, limited arbitrage, cognitive biases, non-expected utilities, and behavioral corporate finance. Emphasis is given on how emerging rational behavioral theories can and cannot explain documented evidence.

The other half of the course will focus on hedge funds. Hedge funds and related investments are an integral part of the growing field of alternative investments. We attempt to understand the hedge fund industry, prime brokerage services and some of the recent developments. A considerable part of the course will be devoted to hedge fund strategies, such as convertible arbitrage, merger arbitrage, fixed income trading, and equity long/short strategies, to help us acquire an insight into these strategies and their concomitant risks. Case studies of some hedge funds that suffered large losses are included to illustrate potential pitfalls in the risk management of hedge funds. The role of fund of hedge funds and structured products on hedge funds will be discussed in the context of hedge fund investments.

MFIN7008
Mathematical Techniques of Finance II
6
Carverhill, A.P.
General Information
This course further develops the course Mathematical Techniques of Finance I, and applies them to practical market situations. In particular, we analyze recent equity basket structures, and commodity spread options. Also, we will analyze the smile effect in equity options, and study how to apply the Monte Carlo method to valuing American options. Also, we will study some advanced fixed income models and related market instruments.
Extra Information
Equivalent to MFIN6010 Numerical Methods

Prerequisites:
1. Mathematical Techniques of Finance I; and
2. Fixed Income Securities and Interest Rate Modelling
MFIN7013
Seminar in Commercial Banking and Real Estate Financing
6
Tse, Maurice KS
General Information
This course covers bank management techniques that include asset and liability management, liquidity and reserve management, credit analysis, loan pricing and off-balance-sheet banking, as well as regulatory issues of commercial banks. It also discusses issues related to mortgage loan products and how real estate risks may affect the market value of mortgages.

MFIN7012A
Fixed Income Securities & Interest Rate Modelling
General Information
“Fixed Income Securities” covers bonds, loans, swaps, and all financial instruments relating to interest rates. These securities make up a very substantial proportion of all investment and financing. In this course we will learn about the design, functions and modelling of these securities. We will also learn how these many instruments are related to each other, and how to manage the risk associated with them. We will also see how the Hong Kong market and the US market are related to each other.
Extra Information
Equivalent to MFIN6005 Fixed Income Securities and Their Derivatives

Prerequisites:
1. Spreadsheet Modelling in Finance;
2. Derivative Securities;
3. Mathematical Techniques of Finance I; and
4. Fundamentals of Asset Valuation I

FINA1002 A Introduction to finance

Semester : 2
For Student of Year : 1

An introduction about the basic aspects of financial management: managing the company’s sources and uses of funds as well as a general understanding of the key issues involving the raising and using of long term funds. There will be extensive use of a spreadsheet software (Excel) in lectures and its use is also expected in homework assignments. After finishing the course, students should have a basic knowledge of financial statements and cash flows, an understanding of the major securities used in the financing of companies. They would also be conversant with fundamental financial techniques like compounding, discounting and capital budgeting and be able to apply them for personal financing decisions.

Extra Information

Remarks: (1) It is advisable to take BUSI1002 Introduction to accounting prior to this course.
(2) Not open to students admitted to 1st year of study in the Faculty of Business and Economics in 2006-07 or after (including BEcon, BFin, BEcon&Fin and business students).
(3) Students admitted to 1st year of study in 2006-07 or after majoring or minoring in finance are required to take FINA1003 Corporate Finance.
Mutually exclusive course: BUSI0016 Introduction to finance and FINA1003 Corporate finance

FINA0303 A Case studies in corporate finance A

Semester : 1
For Student of Year : 2&3

This course is structured around the most important financial decisions made at firm level in an uncertain environment. For examples: what capital structure to adopt (financing decision); how to value a firm or investment project (investment/valuation decision); how to raise capital in the equity market (IPO decision); what mechanisms to put in place to discipline manager and the largest shareholder (corporate governance decision); whether to return cash and how to return cash to investors (dividend/share repurchase decision); and whether a firm should engage in mergers and acquisitions (M&A) activities and how to do an M&A right (M&A decision). This course exposes students to some of the most fundamental issues in corporate finance today as well as some of the most important advances in corporate finance of the last decade. It will offer students an opportunity to understand how the concepts and theories of corporate finance are applied in real world and generate lasting impact on firm values, a driving issue faced and constantly asked by CFOs and CEOs. This course will be taught using a case-oriented approach.

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