- Class Number 7281
- Term Code 3060
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- Dr Xin Liu
- Dr Xin Liu
- Class Dates
- Class Start Date 27/07/2020
- Class End Date 30/10/2020
- Census Date 31/08/2020
- Last Date to Enrol 03/08/2020
This course focuses on tools and techniques used in modern financial management. Material in the course has an applied focus and is designed to provide students with the knowledge and skills required for understanding, exploring and analysing financial management issues. The course draws upon topical material in order to contextualise theoretical discussion, and present students with examples in practice.
Specific topics to be covered include: financial mathematics, security valuation, techniques for capital investment decisions, financial decision making, corporate capital structure, cost of capital, dividend decision and policy, leasing decision and the analysis of mergers and acquisitions.
Upon successful completion, students will have the knowledge and skills to:
- Explain in detail the key issues facing financial managers;
- Perform complex asset valuation and project evaluation; and,
- Critically evaluate and explain the finance theory underlying financial management.
Students undertaking this course will be imparted with the necessary skills for industry based research. This will include involving students in critical analysis of industry based problems such as valuation, capital budgeting and risk assessment.
Additional Course Costs
The course may involve the use of a PC or Mac computer. You need to be familiar with MS Office Suite. These facilities are available at ANU Computer labs free of charge.
Examination Material or equipment
A non-programmable scientific calculator is a necessity for every enrolled student in this course.
Corporate Finance (Global Edition) by Jonathan Berk and Peter DeMarzo, Pearson; 4th or 5th edition is preferable but earlier editions should be fine. The availability of an e-book copy of the textbook is available via https://library.anu.edu.au/record=b6742055. A small number of hard copies (no digital version) are also available for 2-hour loan in the reserve loan section of the Chifley Library. Additional reading materials including journal articles, newspaper articles will be available on WATTLE.
Students will be given feedback in the following forms in this course:
· in tutorials through interactions with tutors and discussions with other students;
· through assessments where the lecturer and tutors will provide specific feedback;
· through consulting teaching staff during their consultation time.
ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.
Your final mark for the course will be based on the raw marks allocated for each of your assessment items. However, scaling may apply. Any scaling applied will preserve the rank order of raw marks (i.e. if your raw mark exceeds that of another student, then your scaled mark will exceed or be the same as the scaled mark of that student), and may be either up or down.
|Week/Session||Summary of Activities||Assessment|
|1||Introduction and revision of assumed knowledge||No tutorial|
|2||Investment decision rules||Tutorials commence|
|3||Capital budgeting: Fundamentals|
|4||Equity and debt financing||Group formation|
|5||Cost of capital||Online Quiz|
|6||Capital structure I: MM theory, taxes and financial distress||Details of group assignment to be provided|
|7||Capital structure II: Agency cost, trade-off theory, and asymmetric information|
|9||Capital budgeting: extensions|
|10||Mergers and Acquisitions||Group assignment due|
Pre-recorded tutorial answers will be provided on Wattle each week. Tutors will hold regular consultation sessions via Zoom and respond to questions through email or by appointment.
|Assessment task||Value||Due Date||Return of assessment||Learning Outcomes|
|Online quiz||15 %||28/08/2020||04/09/2020||1,2,3|
|Group assignment||35 %||16/10/2020||30/10/2020||1,2,3|
|Final Examination||50 %||01/11/2020||20/11/2020||1,2,3|
* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details
ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:
- Student Assessment (Coursework) Policy and Procedure
- Special Assessment Consideration Policy and General Information
- Student Surveys and Evaluations
- Deferred Examinations
- Student Complaint Resolution Policy and Procedure
The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the Academic Integrity . In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.
Moderation of Assessment
Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.
Assessment Task 1
Learning Outcomes: 1,2,3
Duration: 60 minutes
Time: Weeks 5
Topics covered: lecture 1-4
Submission: via Wattle
Return: in Week 6
The quiz is question-based and in the form of analytical and short answer questions. You must show all workings. The marking criteria will be based on model solutions and answers prepared by the lecturer. No make-up or late submission is allowed for this assessment. Details wll be provided in week 4.
Assessment Task 2
Learning Outcomes: 1,2,3
Submission: via Turnitin
Time: due in Week 10
Return: in Week 12
The group assignment is designed to enable students to solve practical problems with knowledge learned in the course. The assignment aims to enhance students' analytical skills and writing capabilities. Students are expected to collaborate with other group members to work on the assignment. More details regarding the assignment will be provided in week 5.
Group is expected to be formed by the students and sign-up in wattle by week 4. Only 1 copy of the assignment report is required for each group at submission and each group receives the same grade for the assessment. Each student is expected to contribute equally to the group assignment. However, the lecturer can verify and give a pentalty to a student's grade of group assignment if the student fails to provide sufficient contribution.
In the report, please clearly cite any references. No extension is allowed and students failed to submit assignment reports on time will be given a zero mark.
Assessment Task 3
Learning Outcomes: 1,2,3
Duration: 3 hours
Time: Examination period
This is a closed-book exam and no formula sheet is allowed. The final exam is worth 50%. A mixture of theoretical and practical (numerical) questions will be included. All topics covered in this course will be examined. Students will be provided with further information regarding the exam in week 10 including access to practice use of any required tools.
Centrally scheduled examinations through Examinations, Graduations & Prizes will be timetabled prior to the examination period. Please check ANU Timetabling for further information.
Academic integrity is a core part of the ANU culture as a community of scholars. At its heart, academic integrity is about behaving ethically, committing to honest and responsible scholarly practice and upholding these values with respect and fairness.
The ANU commits to assisting all members of our community to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to be familiar with the academic integrity principle and Academic Misconduct Rule, uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with.
The Academic Misconduct Rule is in place to promote academic integrity and manage academic misconduct. Very minor breaches of the academic integrity principle may result in a reduction of marks of up to 10% of the total marks available for the assessment. The ANU offers a number of online and in person services to assist students with their assignments, examinations, and other learning activities. Visit the Academic Skills website for more information about academic integrity, your responsibilities and for assistance with your assignments, writing skills and study.
You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.
For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.
No submission of assessment tasks after the due date will be permitted. If an assessment task is not submitted by the due date, a mark of 0 will be awarded.
Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.
Extensions and Penalties
Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. Extensions may be granted for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.
Distribution of grades policy
Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.
Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.
Support for students
The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).
- ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
- ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
- ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
- ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
- ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
- ANUSA supports and represents undergraduate and ANU College students
- PARSA supports and represents postgraduate and research students
Financial development and innovation, banking, behavioral finance, and the Chinese economy
Dr Xin Liu
Dr Xin Liu