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Corporate Finance

                    BANKING UNIVERSITY OF HO CHI MINH CITY

                  CERTIFICATE IN BUSINESS MANAGEMENT

BBM2009 :  CORPORATE FINANCE

Credits: 10

ECTS Value: 5

Marking Scheme: Numerical marking scheme (i.e. mark of 0-100)

Pass Mark

The pass mark for the module is 50%

Delivery Type

This module requires you to attend the classes at the scheduled time in the specific locations.

Pre-Requisites

None

Co-Requisites

None

Barred Combinations

None

Module Outline

The module is intended to provide student with knowledge of issues associated with finance, corporate financial managagement and decision making.

 

Number

Description

1

  • To develop knowledge and understanding of the sources and management of finance, as well as the development of appropriate business policies and strategies to meet stakeholder needs within a changing environment.

2

  • To develop the cognitive skills of critical thinking, analysis and synthesis, including the ability to identify assumptions, evaluate statements in terms of evidence, to detect false logic or reasoning, to identify implicit values, and to define terms adequately and to generalise appropriately, together with the ability to create, evaluate and access a range of options, together with the capacity to apply ideas and knowledge to a range of business and other situations.

3

  • To develops Numeracy and quantitative skills including data analysis, interpretation and extrapolation; and the ability to apply business models to business problems and phenomena.

Indicative Content

Number

Description

1

  • Introduction to Corporate Finance

2

  • Time Value of Money

3

  • Valuing Bonds and Stocks

4

  • Capital Budgeting

5

  • Financing

6

  • Cost of Capital

7

  • Capital Structure

8

  • Dividend Policy

9

  • Leverage

10

  • Financial Distress and Bankruptcy

11

  • Mergers and Acquisitions

 

Learning Outcomes

On successful completion of this Module you will be expected to be able to:

 

Number

Description

1

  • Understand the principle of corporate finance and factors affect corporate financial management.

2

  • Understand the main sources of debt and equity funding and the significanceof financial gearing.

3

  • Understand and apply the value of money in the real time.

4

  • Be able to evaluate investment decisions using a variety of appraisaltechniques.

5

  • Understand and be able to calculate the main methods for valuing company shares and bonds.

6

  • Understand the factors that determine a company’s dividend policy

7

  • Understand the concept of, and know how to calculate, the cost of capital ofa business.

8

  • Demonstrate conceptual and practical knowledge of capital structure.

9

  • Explain the theory of merger and acquisition, and analyse the historicmovements in this area.

 

Learning And Teaching Strategy

Each topic will be introduced by a formal lecture. You will be expected to prepare in advance of each session by undertaking some preliminary directed reading on the scheduled topic. Lectures will be followed by seminar sessions or project (group or individual project) where you will examine case studies and practices numerical examples relating to specific aspects of the corporate finance in Vietnam. This will provide you with the opportunity to demonstrate an understanding and application of the knowledge ad concepts introduced in lectures and will allow for guidance and feedback on progression within the module.

Learning And Teaching Methods

Method

Hours

Lecture & Seminar

30

Tutorial

9

Guided independent study

61

 

Summary

Percentage (%)

Scheduled

40%

Independent

60%

 

Formative Assessment Strategy

Formative assessment is an aid to learning. It is designed to provide you with feedback on your progress and inform your development. It can be used to identify any areas which would benefit from extra attention on your part, or extra support from your lecturer and tutor. It does not contribute to the overall formal assessment for the unit. During seminar time, you will be provided with a series of mini tasks to complete that will test your understanding of the topics covered. Informal formative assessment is provided in this module through seminar or project activities including workshop exercises and case studies, tutorial and individual feedback on assessment drafts. Tutorial time will enable students to explore aspects in more details within a small group or on an individual basis.

Summative Assessment Strategy

The module will be assessed by midterm and final examination. The midterm examination will take the form of a two hour examination to determine your level of understanding of the time value of money, bonds and shares valuations, financing and cost of capital. The final examination will take the form of a three hour examination. You will be presented with an unseen case study and will be required to produce computations and explanation based on the data therein and to assess the implications of the result of your computations.

Summative Assessments

 

Item

Final Item

Assessment Method

Description

Learning Outcomes

Weighting (%)

001

No

Report

Discussing

6,9

20%

002

No

Midterm Exam

2 Hour Exam

1,2,3,4,5

30%

003

Yes

Final Exam

3 Hour Exam

1,2,3,4,5,6,7,8,9

50%

 

 

 

Summary

%

Final Exam

50

Midterm Exam

30

Report

20

Learning Resources

Ross, S. A., Westerfield, R. W. & Jordan B.D. (2006) Fundamentals of corporate finance,  7th edition. Boston: McGraw-Hill Irwin

Brealey, R., Myers, S. and Allen, F., (2011), Principles of Corporate Finance, McGraw-Hill

Tirole, J., (2006), The Theory of Corporate Finance, Princeton University Press

 

 

 

 

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