Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convener
Clara Zhou
Gary Tian
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
(Admission to MActPrac or MFin) or (ACST603 or ACST6003 or MGNT603 or ACCG6003) or (AFIN8009 or AFIN858 or MGNT808)
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
|
Unit description |
Unit description
The objective of this unit is to explore the theory and application of corporate finance issues at an advanced level, and to equip students with the required depth of knowledge and skill expected of a professional. Following a brief revision of basic financial concepts covered in earlier finance courses, the unit investigates the more complicated theoretical issues and analytical techniques in corporate finance. In particular, a critical approach is adopted which involves identifying the assumptions and limitations of these techniques when applied to the real world. Students are encouraged to understand that often the best method is a matter of debate, and that they must choose a method from a group of methods all of which have various limitations. This critical approach is reinforced by examining a number of real life corporate finance projects. |
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:
Late submissions of assessments
Unless a Special Consideration request has been submitted and approved, no extensions will be granted. There will be a deduction of 10% of the total available assessment-task marks made from the total awarded mark for each 24-hour period or part thereof that the submission is late. Late submissions will only be accepted up to 96 hours after the due date and time.
No late submissions will be accepted for timed assessments – e.g., quizzes, online tests.
Table 1: Penalty calculation based on submission time
Submission time after the due date (including weekends) |
Penalty (% of available assessment task mark) |
Example: for a non-timed assessment task marked out of 30 |
< 24 hours |
10% |
10% x 30 marks = 3-mark deduction |
24-48 hours |
20% |
20% x 30 marks = 6-mark deduction |
48-72 hours |
30% |
30% x 30 marks = 9-mark deduction |
72-96 hours |
40% |
40% x 30 marks = 12-mark deduction |
> 96 hours |
100% |
Assignment won't be accepted |
Other assessment criteria for assessment tasks will be provided on the unit iLearn site.
Name | Weighting | Hurdle | Due |
---|---|---|---|
Online Quizzes | 5% | No | Week 3 |
Mid Session Test | 20% | No | Week 7 |
Individual Research Report | 25% | No | Week 9 |
Final Examination | 50% | No | University examination period |
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 10 hours
Due: Week 3
Weighting: 5%
Online quizzes consisting of multiple choice and/or short answer questions.
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 10 hours
Due: Week 7
Weighting: 20%
A mid session test of 60-75 minutes will be held during the session.
Assessment Type 1: Report
Indicative Time on Task 2: 20 hours
Due: Week 9
Weighting: 25%
Students will research a topic and prepare a 1,500 word report.
Assessment Type 1: Examination
Indicative Time on Task 2: 20 hours
Due: University examination period
Weighting: 50%
A two hour exam will 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
Textbook
Corporate Finance 13th Edition
By Stephen Ross and Randolph Westerfield and Jeffrey Jaffe and Bradford Jordan Published by McGraw Hill
Print ISBN 9781265533199
eBook ISBN 9781264364442
Unit Web Page
The unit Website AFIN8008-iLearn is only available to students enrolled in AFIN8008 and AFIN7008. The Website will contain important unit materials, including:
Technology Used and Required
The textbook provides access to various online resources. Further, a number of the class exercises are designed to be completed using Excel. Students are encouraged to use excel when attempting these exercises.
Week | Topic | Chapters |
1 | Topic 1-Overview of corporate finance and valuation | 1, 4, 5 |
2 | Topic 2-Project evaluation and project risk analysis | 6, 7 |
3 | Topic 3-Alternative theories on risk and return | 11,12 |
4 | Topic 4-Capital structure | 16, 17 |
5 | Topic 5-Valuation and capital budgeting | 18 |
6 | Topic 6-Raising capital | 20 |
7 | Mid Session Test (No lecture) | |
8 | Topic 7-Dividend policy | 19 |
9 | Topic 8-Convertible bonds, warrants and lease finance | 21, 24 |
10 | Topic 9-Financial options | 22 |
11 | Topic 10-Real options | 23 |
12 | Topic 11-Mergers, acquisitions and divestitures | 29 |
13 | Topic 13- Introduction to research in corporate finance and exam overview | iLearn Materials |
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At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
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Date | Description |
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03/02/2022 | Co-taught with AFIN7008 |
Unit information based on version 2022.02 of the Handbook