Notice
As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group activities on campus, and most will keep an online version available to those students unable to return or those who choose to continue their studies online.
To check the availability of face-to-face and online activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.
Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
George Milunovich
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
Admission to GradCertFin or GradDipAppFin or MAccg or MAccLead or MAppEcon or MAppFin or MAppFin(Adv) or MBkgFin or MCom or MIntBus or MProfAcc or MProfAccgLead or MBusAnalytics or MBioBus
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
This unit aims to provide students with a knowledge and understanding of the principles and techniques underlying theory and practice in corporate finance. Topics include: basic financial mathematics: interest rates, present values, future values, annuities, perpetuities; valuation and analysis of debt and equity securities; methods for investment evaluation and capital budgeting: Net Present Value (NPV), Internal Rate of Return (IRR), Payback Priod (PP); business organisation and taxation, financial markets and raising finance; tradeoff between risk and return, the cost of capital and capital structure; dividend policy and company valuation; corporate liabilities and international finance; bond valuation and term structure; statistical concepts and risks; fixed income bonds and amortisation; introduction to risk management, application of financial mathematics concepts using MS Excel based activities within a corporate finance context. |
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Assessment criteria for all assessment tasks will be provided on the unit iLearn site.
It is the responsibility of students to view their marks for each within-session-assessment on iLearn within 20 days of posting. If there are any discrepancies, students must contact the unit convenor immediately. Failure to do so will mean that queries received after the release of final results regarding assessment tasks (not including the final exam mark) will not be addressed.
Late submissions and extensions
Tasks 10% or less – No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approved.
Tasks above 10% - No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission – 20% penalty). This penalty does not apply for cases in which an application for special consideration is made and approved. No submission will be accepted after solutions have been posted.
Name | Weighting | Hurdle | Due |
---|---|---|---|
Class Test | 20% | No | Week 6 |
Assignment | 20% | No | Week 10 |
Final Exam | 60% | No | University Examination Period |
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 7 hours
Due: Week 6
Weighting: 20%
This 1 hour online test will be held during the lecture time.
Assessment Type 1: Problem set
Indicative Time on Task 2: 12 hours
Due: Week 10
Weighting: 20%
This is an individual assignment which focuses on corporate financing using Excel spreadsheet.
Assessment Type 1: Examination
Indicative Time on Task 2: 20 hours
Due: University Examination Period
Weighting: 60%
The final examination will be a two-hour examination, to be held during the University Examination period.
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Prescribed Textbook
Additional Reference Books
Week | Topic | Book Chapter | Assessment |
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1 | Introduction to Business Organisations and Taxation | Ch. 1 - 2 + additional material | |
2 | Time Value of Money and Interest Rates | Ch. 3 | |
3 | Valuation of Multi-Payment Cash Flows | Ch. 4 | |
4 | Risk and Return | Ch. 5 | |
5 | Bond Valuation and the Structure of Interest Rates | Ch. 6 | |
6 | ----- Class Test ----- | Class Test | |
Recess (2 Weeks) | |||
7 | Share Valuation | Ch. 7 | |
8 | The Fundamentals of Capital Budgeting | Ch. 8 | |
9 | Cash Flows and Capital Budgeting | Ch. 9 | |
10 | Evaluation Project Economics and Capital Rationing | Ch. 10 | Assignment Due |
11 | The Cost of Capital | Ch. 11 | |
12 | Capital Structure Policy | Ch. 14 | |
13 | Dividend Policy and Revision | Ch. 15 |
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Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
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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
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
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.
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Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
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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.
Unit information based on version 2021.03 of the Handbook