Students

AFIN3012 – Issues in Corporate Finance

2021 – Session 2, Special circumstances

Session 2 Learning and Teaching Update

The decision has been made to conduct study online for the remainder of Session 2 for all units WITHOUT mandatory on-campus learning activities. Exams for Session 2 will also be online where possible to do so.

This is due to the extension of the lockdown orders and to provide certainty around arrangements for the remainder of Session 2. We hope to return to campus beyond Session 2 as soon as it is safe and appropriate to do so.

Some classes/teaching activities cannot be moved online and must be taught on campus. You should already know if you are in one of these classes/teaching activities and your unit convenor will provide you with more information via iLearn. If you want to confirm, see the list of units with mandatory on-campus classes/teaching activities.

Visit the MQ COVID-19 information page for more detail.

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor
Yanlin Li
Credit points Credit points
10
Prerequisites Prerequisites
ACCG350 or ACCG3050 or AFIN352 or AFIN3052 or AFIN353 or AFIN3053
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit comprises a series of academic lectures and industry seminars accompanied by a case study. The aim of the unit is to provide an up-to-date, integrated treatment of the valuation of businesses and investment opportunities that seriously considers industry practice and recent advances in valuation methods. This unit takes you inside the valuation process, learning it step by step, which resembles the industry valuation practice. You will emerge with the skills to understand the fundamentals of market pricing, perform intrinsic valuations, and make and/or suggest investment decisions with due diligence. The unit will showcase several lectures presented by senior industry specialists.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://students.mq.edu.au/important-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • ULO1: Explain the principles and theory behind each valuation technique.
  • ULO2: Evaluate business valuation techniques and apply appropriately to real-world problems.
  • ULO3: Critically reflect on the process of business valuation practices and on working productively in teams when undertaking corporate financial analysis and valuation.
  • ULO4: Communicate professionally such as in making investment recommendations and providing consultancy advice.

General Assessment Information

Assessment criteria (including information about late submissions and extensions) for all assessment tasks will be provided on the unit iLearn site.

Assessment Tasks

Name Weighting Hurdle Due
Online quizzes 15% No Week 4 & 9
Group Report 40% No Week 12-13
Final Examination 45% No University Examination Period

Online quizzes

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 5 hours
Due: Week 4 & 9
Weighting: 15%

 

There are two online quizzes, which aim to assess student progress in the course. The first online quiz (weighting 5%) will comprise 5 - 10 questions. The second quiz (weighting 10%) will comprise 10 - 15 questions.

 


On successful completion you will be able to:
  • Explain the principles and theory behind each valuation technique.
  • Evaluate business valuation techniques and apply appropriately to real-world problems.

Group Report

Assessment Type 1: Report
Indicative Time on Task 2: 30 hours
Due: Week 12-13
Weighting: 40%

 

Students will work in groups to prepare a professional analyst report. The group report will be 7 - 10 pages long. 50% of this assessment mark will be allocated to a student’s individual performance, which can be assessed by any of the following, individual online test, individual video presentation, individual Q&A, etc.

 


On successful completion you will be able to:
  • Explain the principles and theory behind each valuation technique.
  • Evaluate business valuation techniques and apply appropriately to real-world problems.
  • Critically reflect on the process of business valuation practices and on working productively in teams when undertaking corporate financial analysis and valuation.
  • Communicate professionally such as in making investment recommendations and providing consultancy advice.

Final Examination

Assessment Type 1: Examination
Indicative Time on Task 2: 20 hours
Due: University Examination Period
Weighting: 45%

 

A two hour exam will be held during the University Examination Period.

 


On successful completion you will be able to:
  • Explain the principles and theory behind each valuation technique.
  • Evaluate business valuation techniques and apply appropriately to real-world problems.

1 If you need help with your assignment, please contact:

  • the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
  • the Learning Skills Unit for academic skills support.

2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation

Delivery and Resources

Classes

  • 2-hour lecture plus a 1-hour tutorial. 
  • Please note that attendance is highly recommended to interact with industry speakers. 
  • See timetable for classes on the University web site at:  http://www.timetables.mq.edu.au/

Recommended Textbook (Available at the Macquarie University library)

Damodaran on Valuation (2nd Edition) by Aswath Damodaran. ISBN: 978-0471751212

Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, 3ed, Wiley (ISBN: 9781118011522)

Technology Used and Required

Students will require a calculator (scientific or financial) capable of handling exponents. Simple financial functions (as found on financial calculators) will not be required. If the calculator is to be used in exams then it must NOT be capable of storing text or formulae OR it must easily be demonstrated that all memory has been cleared.

Students must be familiar with spreadsheet technology (eg MS Excel or equivalent)

Unit Web Page

Course material is available on the learning management system at  http://iLearn.mq.edu.au

You are strongly encouraged to regularly visit the website and use it as a resource centre to assist with your learning. All lecture material and examples, homework questions and answers, administration issues, and supplementary readings will be available on this site as the course progresses.

Students are encouraged to ask questions, initiate discussions, and provide input from relevant personal experience.

Unit Schedule

Please refer to iLearn

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/student-conduct

Results

Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

Learning Skills

Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.

The Library provides online and face to face support to help you find and use relevant information resources. 

Student Enquiry Service

For all student enquiries, visit Student Connect at ask.mq.edu.au

If you are a Global MBA student contact globalmba.support@mq.edu.au

Equity Support

Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.

IT Help

For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/

When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.